Archive

If you gave credit investors a crystal ball in March 2020 that would enable them to look forward a year, they wouldn't believe the results... Fourteen months ago, few people were prepared for the massive shift that was about to be unleashed on the market and reverberate through the world.  If you had told credit […]

Here at Altimetry Daily Authority, Joel and I have recently emphasized the importance of asking questions... We've talked about Socrates and the dialogue, as well as John Stuart Mill and freedom of speech. As I said last Friday... Mill believed pushing for constant dialogue was essential because the strongest opinions were often the least informed. […]

• FB

The recent downturn has many folks fearing a dystopian future... In most recessions, automation tends to accelerate as companies look to slash costs. When conditions are favorable, there's less incentive to change... But when every dollar counts, management teams are forced to take drastic action. The pandemic-related downturn stood out even more from other recessions […]

• MAN
• ROK

The modern work environment has changed... and it's time for more companies to catch up. As the coronavirus pandemic escalated last year, millions of employees shifted to a work-from-home ("WFH") environment. For many folks, the transition was a pleasant development... Many people enjoyed "killing the commute" and a flexible work environment. As the pandemic begins […]

• GOOGL
• MSFT
• ZM

Sometimes, truth is stranger than fiction... Out of all the crazy events that happened at the onset of the coronavirus pandemic last year, nobody could have predicted what happened in the oil market. With economic activity around the globe basically put on hold to fight the pandemic, no one needed oil. But oil was still […]

• NS

The market met strong first-quarter earnings with a shrug... As many S&P 500 Index companies reported quarterly results over the past few weeks, analysts have gotten a better handle on earnings and outlook for the rest of the year. While some analysts feared a sluggish recovery, the first quarter is shaping up to be a […]

• MS

Last week, Joel talked about why asking questions leads to better stock picking... In the April 23 Altimetry Daily Authority, he highlighted the analysis of Philippines-based miner Nickel Asia (NIKL.PM) and how his embracing of the Socratic method allowed a big client to dodge a potential portfolio "torpedo." As Joel explained, statements of fact can […]

• LVMUY
• NIKL.PM
• TPR

Despite the rise in subscriptions, ad spending can't be stopped... Over the past few years, one of the most popular business models has been consumer subscriptions, with companies like streaming giant Netflix (NFLX) at the forefront. Music services like Spotify (SPOT) and Apple (AAPL) Music – as well as news organizations – are transitioning away […]

• AAPL
• FB
• GOOGL
• IPG
• NFLX
• OMC
• SPOT

The past year has been a field day for statisticians... The coronavirus pandemic has given economists and academics of all stripes a test case for plenty of different statistics and metrics. Of all the statistics, one of the more unfortunate and surprising ones is that despite less time spent driving, we haven't seen a significant […]

• TSLA

Europe's 'Great Experiment' has never gotten close to emulating the U.S... The nascent European Union started as an economic agreement to lower tariffs for steel. As the power and responsibilities of the bloc grew, many politicians thought it could become the "United States of Europe." British Prime Minister Winston Churchill admired the federalist approach to […]

• NFLX