Today’s Animal Spirits is brought to you by YCharts. Mention Animal Spirits to receive 20% off (*New YCharts users only)
On today’s show we discuss:
- Bob Iger isn’t leaving yet
- Mountains of Debt
- Google and Apple teaming up
- Is private equity too big to fail?
- CNBC video
- Employees cost of corporate bankruptcy
- It’s about the virus
- $2.3 trillion in loans
- Bear ETFs
This week saw an outflow from equities of more than $60 billion. That's around 0.7% of the total asset base.
It's 50% more extreme than any outflow in almost 20 years, during the best week for stocks in almost 50 years. pic.twitter.com/wbkZNSpHr8
— SentimenTrader (@sentimentrader) April 10, 2020
*Hedge Funds Post Biggest Monthly Decline in Six Years
(Bloomberg) — Hedge funds lost 6.8% last month, the most in data going back to January 2014, as managers struggled with extreme volatility and a rout in global markets. $SPY
hedge. funds. ?? pic.twitter.com/fcrPjk73PV
— CÆTUS (@caetuscap) April 7, 2020
March set a record for monthly outflows from active mutual funds, at 356 billion. The estimated 10 billion in lost revenue from March alone is more than the annual revenue of the entire ETF industry. -Bloomberg
— Peter Mallouk (@PeterMallouk) April 6, 2020
JUST IN: 72% of AMERICANS say that they would not attend a game before a Coronavirus vaccine was available, according to a new @HallSportsPoll just released. Among sports fans, the poll found that 61% of them said they would not attend.
— Darren Rovell (@darrenrovell) April 9, 2020