On today’s show we discuss:
- Public to private
- Robinhood is not sharing their data anymore
- Retail investors got crushed
- Fractional shares. $4.20 per order
- A new gold research paper
- GLD holds a lot of gold
- Lumber at an all-time high
- Evictions
- The seduction of pessimism
- The workforce is about to change
- Bill Gates is optimistic
- Twitter and TikTok
- Holy cow these bankrupticies
- Facebook buying a ton of real estate in NYC
- Google borrowing money for nothing
- Investor expectations
- Top 100 action movies (no Top Gun)
Listen here:
Recommendations
Charts:
Tweets:
Goldman highlights an amazing stat on the “haves” and “have nots” in the market today:
“In aggregate, FAAMG EPS grew by 2% year/year in 2Q compared with an aggregate decline of -38% for the other 495 S&P 500 companies.” $FB $AAPL $AMZN $MSFT $GOOGL
— David Schawel (@DavidSchawel) August 9, 2020
Here's top 10 ETFs in flows for past 12mo, prob the most diverse list I've seen. (Back in 2017 it was basically all equities). Hot money is taking dif tact this time plowing into LQD, HYG & GLD. Two areas MIA tho (despite good perf): EM and small caps. pic.twitter.com/a4zJ5i1d9d
— Eric Balchunas (@EricBalchunas) August 10, 2020
Bye-backs. pic.twitter.com/wNi50IMgig
— Tracy Alloway (@tracyalloway) August 4, 2020
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