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On today’s show we discuss:
- Disney+ has 100 million subscribers
- Cash out refis are on fire
- 17 reasons to be optimistic on the economy
- The Fed isn’t printing as much money as you think
- Sometimes deregulation is bullshit
- Deep value in the dotcom bubble
- Stripe is worth a lot of money
- Beeple’s piece went for $69 million
- JP Morgan’s guide to alternatives
- The bull case for DoorDash
- Who owns the stock market
Listen here:
Recommendations:
- A Short History of Nearly Everything
- Everybody Wants Some
- The Sound of Metal
- Mean Streets
- Backdraft
- New Jack City
- The Way Back
Charts:
Tweets:
NEW: American Airlines is telling 13,000 workers who received notices of April 1 furloughs "you can tear them up!" House passage of $1.9 trillion stimulus bill extends airline Payroll Support Program once again. pic.twitter.com/a23SkVfhwd
— Pete Muntean (@petemuntean) March 10, 2021
I'm not saying the yield curve is irrelevant, especially if it steepens quickly. But there's more to the story.
The EPS recovery is in 2021 should be the fastest since 2010, and it's driven by Value. Our Growth index's EPS is 15% above trendline, while Value is 38% below. 2/3 pic.twitter.com/SyrxSk4b3y
— Ed Clissold (@edclissold) March 10, 2021
the world outside the finance/VC/tech/etc Twitter bubble pic.twitter.com/47U5oQTu0Z
— Kyla (@kylascan) March 12, 2021
Short story about how screwed up asset mgmt industry can be.
Many years ago we had a fund that was down ~20%, the PM was fired and a new PM with new strategies took over the fund.
— macrocephalopod (@macrocephalopod) March 11, 2021
When discussing inflation and commodities, I think financialization is a massively overlooked variable.
The 70s are really our only data point, and since then we’ve seen a dramatic rise in passive commodity access, managed futures strategies, and alt risk premia.
— Corey Hoffstein 🏴☠️ (@choffstein) March 13, 2021
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