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On today’s show we discuss:
- Mortgage rates are at their lowest level ever
- Ben’s take and numbers here
- Mortgage delinquencies might explode
- U.S banks are not too optimistic about the recovery
- All eyes are on the vaccine
- There is reason to be hopeful
- More on the vaccine (triplets story)
- $1 Tests
- The market and the economy
- Generational real estate
- Ten thousand day traders
- Tesla is the most polarizing stock of the decade
- Betterment is crushing it
Listen here:
Recommendations:
- Financial literacy for young people. This is amazing
- This week in virology
- Domino’s success story (Odd Lots)
- The Hot Hand
- Land of the Giants
- Almost Famous Origins
- Greyhound
- Defending Jacob
- Financial Advisor weekly email list
Charts:
Tweets:
Average borrowing costs for U.S. investment-grade companies have fallen below 2% for the first time on record. pic.twitter.com/iEdIpR3DSK
— Lisa Abramowicz (@lisaabramowicz1) July 20, 2020
The S&P 500 just moved to within 5% of a 52-week high.
More than 60% of stocks in the index are more than 10% below their own highs.
This hasn't happened since September 2000. pic.twitter.com/kh3llg3W3f
— SentimenTrader (@sentimentrader) July 16, 2020
Retail sales ex gas stations (which are unduly driven by oil price alone) were up 27% in two months through June to an all-time high; +0.7% versus January prior peak. pic.twitter.com/ydsJXeMtx3
— Bespoke (@bespokeinvest) July 16, 2020
Sweet breakdown of equity trading volume by investor type, which shows clear jump in retail trading, now 18.5% up from 15% last year (altho it's been trending up for a long time, was 10% 10yrs ago. On flip, HFs becoming less a force). Data via @ltabb (who recently joined BI btw) pic.twitter.com/XU7UcKME6r
— Eric Balchunas (@EricBalchunas) July 16, 2020
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