Archive
Let's take a quick pulse of the credit market... Back in September, we laid out some of the key drivers that cause credit crises – the catalysts for deep bear markets and recessions. One of these drivers is the high cost to borrow that freezes corporations out of the credit market. As we explained, the […]
Sometimes artificial reality can tell us a lot about the real world... As we deal with the global coronavirus pandemic, one of the biggest issues for epidemiologists and everyone else trying to contain the spread of the disease is understanding human nature and how people will react to the disruption. Fortunately, there aren't a lot […]
- AMZN
- ATVI
- CSCO
- GOOGL
- MSFT
- NVDA
Here's some perspective on the potential longer-term structural impact of the coronavirus outbreak... Earlier this month, The Economist published an interesting piece about some of the bigger changes we could see in the corporate world as a result of the virus. As more businesses encourage employees to work from home, companies may become more comfortable […]
- HD
- KBH
- MHK
- ZM
It's easy to forget that there's more to focus on than the coronavirus... There hasn't been a slew of company-specific stories to talk about right now, because – in the language of quant investors – the only thing moving businesses right now is the "market factor." It feels like all we've been hearing about is […]
- AAPL
- AMZN
- AXP
- B
- GE
- GOOGL
- HRB
- MSFT
- NOC
Consider what the economic disruption of the coronavirus outbreak potentially means for credit in the coming years... I had an interesting conversation with a colleague last week. He was having a bit of a "sky is falling" moment of panic last Thursday as the market was dropping like a rock. As often happens in major […]
- ALGT
- BA
- HLT
- SAVE
- WYNN
As companies push for short-term work-from-home strategies to mitigate risks, the line between employees and contractors is blurring... One of our business partners is a talent acquisition company called MBO. It focuses on helping large companies and independent contractors match with each other based on their respective needs and skills. Just last week, CEO Miles […]
- UBER
Joel's note: Stocks are now officially in a bear market across U.S. indexes. It's more critical than ever to stay calm when approaching your investments... so we'll take some time today in Altimetry Daily Authority to keep things in perspective. 'The value of my home just fell 20%. I'd better sell it right now!' Home […]
- BA
- HLT
- WYNN
How serious of a risk is the oil sell-off for U.S. high-yield debt? On Tuesday, as we discussed why investors shouldn't panic in the current market environment, we mentioned a Valens Research piece we wrote in 2015 about why low oil prices aren't actually a sign of an imminent recession... Instead, they're bullish for the […]
- AAPL
- GRUB
- SYY
- UBER
- USFD
- WMT
Warren Buffett's annual shareholder letter reminds everyone about the problems of as-reported accounting... Berkshire Hathaway (BRK-B) earned $81.4 billion last year, but Buffett still didn't sound satisfied in his recent 2019 annual letter... It isn't that the legendary investor doesn't think $81.4 billion is enough... It's that he thinks that this number is deceiving, created […]
- AMZN
- BRK-B
- CL
- GE
- IBM
- KHC
- NSRGY
Joel's note: The markets are volatile... and investors are scared. So today in Altimetry Daily Authority, let's look at the bigger picture to determine what you should be doing right now. One of the market strategists that Rob and I most respect is financial-services firm Canaccord Genuity's Tony Dwyer. Rob often talks about how in […]