Archive
Housing demand is huge... but supply hasn't kept up. It's a problem we haven't see in decades. As the Wall Street Journal recently explained, at the end of July, 1.3 million single-family homes were for sale. This is the lowest amount in July since at least 1982. This shortage has driven prices higher, with the […]
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The U.S. Federal Reserve realized the need for a finance SWAT team as it reassessed its role in the economy following the financial crisis... In the buildup to the Great Recession, the Fed suffered from the oversight of disaster myopia and wasn't properly prepared for the crisis. Former Chairman Alan Greenspan and others made the […]
The coronavirus pandemic has altered nearly every industry... The sports industry is certainly no exception. Professional leagues suspended games for months, and fans still aren't allowed in most stadiums... both in the U.S. and internationally. But as market-research firm PitchBook explained in late July, this financial pressure might be providing private-equity ("PE") investors with an […]
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Many students are taking online classes for the first time this year... With 15 of the biggest 20 public school districts starting online this fall, children are being forced to adapt to a new learning environment. This shift could potentially cause students to lose ground in their learning. The most obvious effect of online or […]
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At Valens Research – the firm that powers Altimetry – we have a close relationship with MBO Partners... MBO is a consulting firm for independent professionals and companies looking to match up. Just recently, we had a conversation with the company's leadership about economist Ronald Coase's "Theory of the Firm." This theory states that companies […]
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No industry has fully avoided adapting to the pandemic... Even the traditionally boring trucking industry has been disrupted. Many of these carriers saw business crater during the initial shutdown. However, demand bounced back due to a surge in online orders, which overloaded logistics organizations. In the trucking industry, "last-mile transportation" has changed the most during […]
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It's difficult to quantify how fast economies inflect positively and negatively... This is why people are constantly chasing new indicators to gauge economic activity... especially in the current environment, where things are changing so quickly and the drivers are so unique. Some experts have been studying Alphabet's (GOOGL) Google search trends or different topics. We've […]
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The coronavirus pandemic is altering the grocery industry... In a recent Wall Street Journal interview, Whole Foods CEO John Mackey explained that since the crisis began, consumers have been ordering more groceries online. Customers have also been making more bulk purchases, and Mackey noted that folks haven't spent as much time lingering in Whole Foods' […]
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There's a reason we rarely write about oil and gas companies here at Altimetry... They're generally poorly performing businesses that operate in a cyclical industry. These companies are also tied closely to the volatile price of oil. Energy stocks have underperformed the market for nearly a decade... and the energy sector is now the smallest […]
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In the midst of the coronavirus pandemic, Apollo Global Management (APO) has been on a deal-making spree... The global alternative-investment manager understands the massive need for liquidity during this crisis. As we've said repeatedly here at Altimetry Daily Authority, stay-at-home orders have crushed demand... so companies are looking to shore up their balance sheets. Apollo […]
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