On today’s show we discuss:
-What happened to the oil market?
-Why are so many investors buying the dip?
-Big banks are getting bigger
-The death of department stores, and much more
Why Aren’t Stocks Down More?
The winners are being separated from the losers.
Animal Spirits: Free Oil
On today’s show we discuss:
-Why Ben is calling this a depression
-Did Munger and Buffett lose their fastball?
-Positive externalities of R&D
-The NASDAQ versus the world, and much more
Returning Cash to Shareholders is often Better than the Alternative
Buybacks have been at the center of the debate, dividends might be next.
The Only Thing Working Right Now
The biggest stocks keep getting bigger
Is Inflation Coming Back?
Should you be worried about inflation?
It’s a Stock Picker’s Market
It’s hard to distinguish yourself from the crowd when everything is moving in unison. For stock pickers, 2020 is not one of those years. Through the end of the first quarter, we have seen the biggest dispersion of returns for the stock market since 2009. In theory, this should provide an opportunity for those with…
These Are the Goods
-The time to build
-Bailout Nation
-Who pays our debts?
-The economy versus the virus, and much more
Shades of the Dotcom Bubble
The last few weeks have been the craziest period for tech stocks relative to small stocks since the dotcom bubble. The chart below shows the average difference in daily returns over rolling 35 day periods. I know that was a mouthful, but what this simply means is that over the last 35 days, the average…
Animal Spirits: The Second Wave
On today’s show we discuss:
-The Airlines bailout
-What happens to the self-employed unemployed?
-Where people are spending money
-Tail-risk, and much more
