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On today’s show we discuss
- Should we force business to save more for a rainy day?
- Corporate America cannot hoard cash
- Brent Beshore on the state of small businesses
- Private equity wants in on the relief package
- Bill Gates on the virus
- Scientists are working together
- Buying when stocks are down big
- America’s make or break week
- Some people may come back to work sooner than expected
- The rent is due
- Paying rent with security deposits
- Taking care of low-income households
- Oakland passes law that bans evictions
- Funding is drying up for startups
- Podcast listening is down
Charts
Tweets
UNREAL: Mutual funds have seen $356b in outflows in March (thru 3/27 per ICI). It's hard to describe how wild that is so I'll just let the chart do the talking: pic.twitter.com/rsX6kbIpcx
— Eric Balchunas (@EricBalchunas) April 2, 2020
89% of S&P 500 stocks have now triggered a MACD buy signal: highest in history!
A truly historic day we'll tell our kids about – this *shattered* all prior historical records at 1990, 2002, 2008-2009 and 2019 bottoms pic.twitter.com/jsGwIf4i3Q
— SentimenTrader (@sentimentrader) March 31, 2020
The most volatile month EVER. pic.twitter.com/xjNOKKByAG
— Bespoke (@bespokeinvest) March 31, 2020
Brian Reynolds:
A large California pension has postponed their scheduled quarterly rebalancing. As the CA pensions are the thought leaders in the pension community, we think it is likely that others will either follow along in postponing or reducing anticipated rebalancing
— Luke Kawa (@LJKawa) March 30, 2020
Sudden stop. Finished motor gasoline demand has fallen off the proverbial cliff. For the week ending March 27, the level has declined to its lowest since at least 1991. Like almost everything else right now, what is bad for the economy is good for slowing the spread of COVID19. pic.twitter.com/jA0mPS8BZN
— RenMac: Renaissance Macro Research (@RenMacLLC) April 1, 2020
federal student loans SUSPENDED without interest
through September 30, 2020 pic.twitter.com/gGbe08BwSs
— ???? ????? (@billsweet) March 26, 2020
Looking at early Covid19 numbers here in US by geography, it is looking more & more like this is going to hit hardest lower income Americans, especially minorities. Both for total cases & for deaths
For a few awful reasons.
— Chris Arnade (@Chris_arnade) April 1, 2020
And … this is quickly becoming a poor person's disease. Note significant NYC zip code relationship between low income & positive test rate. (R^2 = 0.5)
Data on Cases: https://t.co/QcKEGjJBIG
Data on Income: https://t.co/p20RkHR4ww pic.twitter.com/nP7tBf73ah— Seth Stephens-Davidowitz (@SethS_D) April 1, 2020
Zoom is now valued at 50% more than all the US airlines put together.
— Sam Freedman (@Samfr) March 29, 2020
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