On today’s show we discuss:
- My plumber story
- Everyone’s a day trader now
- Existing home sales are red hot
- Special purpose acquisition vehicles are all the rage
- Hamptons prices hit record high
- Millions of Americans moved due to the pandemic
- Commercial real estate is in a lot of trouble
- $32 millions set to lose their $600 a week
- Business travel makes up 60-70% of airlines
- NASDAQ Cloud computing index
- Flowmageddon
- If you’re a teacher or know someone who is, send them to this link
- Tenet is postponed indefinitely
- Google extends work from home until summer 2021
- The golden age of fraud
- Nathan’s hot dogs is a publicly traded company
- Jason Zweig on gold
Listen here:
Recommendations
- Fear City
- Against the Gods
- Ford Versus Ferrari
- Palm Springs
- Dan Carlin and Tom Hanks
- Defending Jacob
Charts:
Tweets:
Gold and silver ruled last week in ETF Land as $GLD, $IAU and $SLV all made the Top 5 list for weekly flows. I don't think I've ever seen that. $GLD and $IAU are also both in the YTD Top 10 as well. It's gone from a 'feeding frenzy' to an outright 'craze' pic.twitter.com/VRnReHGhk1
— Eric Balchunas (@EricBalchunas) July 27, 2020
It's not just Robinhood seeing a spike in trading and users.
TD Ameritrade ($AMTD) Earnings Snippets:
– Average Client Trades Per Day: +311% Y/Y & 65% Q/Q
– 661,000 new retail accounts
– Top 15 trading days in Firm's history during Q2, 10 in June@awealthofcs @michaelbatnick pic.twitter.com/oFr2sXd2Fp— William Griffith (@willgriffith16) July 21, 2020
The market value of an industry is very inconsistent with its contribution to GDP.
Source: Carlyle pic.twitter.com/2v7pnUUQ2f— Peter Mallouk (@PeterMallouk) July 23, 2020
