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Quote of the Day
"They [Clorox and Lysol] are the Coke and Pepsi of wipes, the Capulets and Montagues of the toilet bowl."
(Henry Grabar)
Markets
- Commission-free trades have ramped up individual trading. (wsj.com)
- Microsoft, Apple, Amazon, Alphabet and Facebook now make up more than 20% of the value of the entire S&P 500. (nytimes.com)
- China is still the best performing equity market YTD. (capitalspectator.com)
- Margin debt hasn't fallen as much as it has in prior bear markets. (sentimentrader.com)
Strategy
- Why stocks are rising despite worse than expected GDP numbers. (thereformedbroker.com)
- By any measure small cap value is cheap relative to large caps. (theirrelevantinvestor.com)
- A lot has happened in the past 45 days. (howardlindzon.com)
Apple
- The iPhone SE is a great option for those who don't need a big screen. (arstechnica.com)
- For many an iPad Pro with a Magic Keyboard will serve as a laptop substitute. (techcrunch.com)
- Apple Maps now shows Covid-19 testing centers. (theverge.com)
Companies
- Some questions Warren Buffett will face at this weekend's Berkshire Hathaway ($BRK.A) annual meeting. (rationalwalk.com)
- Even without plant closures you are going to see changes in US meat supplies. (barrons.com)
- Spotify ($SPOT) added 6 million subscribers in Q1. (variety.com)
- Lyft ($LYFT) is laying off 18% of its workforce. (cnbc.com)
Finance
- How Apollo Global Management ($APO) is navigating the crisis. (ft.com)
- Social distancing is boosting tech spending by financial services firms. (news.crunchbase.com)
Funds
- Active management is no panacea in a bear market. (evidenceinvestor.com)
- Hedge funds as a whole have not seen a wave of redemptions. (ftalphaville.ft.com)
- SoFi will continue waive its fees on two ETFs. (wealthmanagement.com)
Contact tracing
- The story behind how Google ($GOOGL) and Apple ($AAPL) engineers came up with it contact tracing tools. (cnbc.com)
- The problem is Americans don't want to use this or any other contact tracing app. (washingtonpost.com)
- Getting people to continue pro-social behaviors is going to be a challenge. (seths.blog)
Covid-19
- There is some hopeful news that Gilead's ($GILD) remdesivir is effective in treating Covid-19. (statnews.com)
- Workers, and customers, are afraid to go back to businesses. (washingtonpost.com)
- The history of pandemics is filled with examples of second waves. (nbcnews.com)
- A coronavirus pandemic chart crime. (ftalphaville.ft.com)
Global
- Italy's economy did not go into the coronavirus pandemic in a good situation. (ft.com)
- Sweden is being held up as a model for no-lockdown crowd. (nytimes.com)
Economy
- Q1 GDP fell at a 4.8% rate. (calculatedriskblog.com)
- Why this number will likely get revised lower. (wsj.com)
Earlier on Abnormal Returns
- Personal finance links: income vs. assets. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: preannounced trades. (abnormalreturns.com)
Mixed media
- Information in the age of Covid-19 is largely preliminary and full of uncertainty. (niemanlab.org)
- There is a bull market in 'how Covid-19 is going to change the world' thinkpieces. (epsilontheory.com)
- Nobody knows what's happening, nobody. (markmanson.net)
- You can't recreate all your old activities in the age of social distancing, and that's okay. (slate.com)
- Why your days are blurring together. (elemental.medium.com)
