In some circles, today is considered a great holiday. For some, it’s even higher than Easter, Passover, and Ramadan. Now, I hope you guys don’t blast me for blasphemy, but I am talking about the stoner holiday of April 20th, which is especially auspicious in the year 2020. Nobody really […]
Now that all the major U.S. banks have released their earnings reports, we can begin to understand some of the recurring themes. First, as we’ve mentioned, volatility is up, so revenues from trading are good. Not good enough to cover the downside, but the titans have overall been profitable in […]
Alright. So it looks like the crisis is finally over, for one company anyway. Stock in Amazon nearly reached a new all-time high by the end of trading yesterday. In this chart we can see that the online retailer’s shares have been little effected by COVID-19 and have already experienced […]
Starting today, and for the next six weeks or so, companies will be reporting how they fared during the first three months of 2020. In a way, this is the market’s moment to snap back to reality, or to at least understand which reality we’re in. The overall economic data […]
Trillions More Since the markets are closed today, I’d just like to give a brief recap of the action-packed day we saw yesterday and a bit of outlook for how things could progress from here. You probably already saw the headlines. The OPEC meetings failed to reach any agreement. Today, […]
“In every generation a man is obligated to feel as if he himself has experienced the exudes from Egypt.” This is one of the core principles of the upcoming holiday of Passover that Jewish people across the globe will celebrate tomorrow. It’s the very reason that we embrace strange customs […]
As we see strong signs of stabilization throughout Europe, the situation in the U.K. seems to be getting worse. Not only has the prime minister himself now been admitted to the hospital, but the number of confirmed cases has seen a significant spike to nearly 6,000 yesterday. Last night, the […]
In times of deep crisis such as this it’s important to stay true to who we are and that seems to get more and more difficult the deeper we get. Last night, I engaged in an interesting discussion on social media when Bruce Fenton posed the question “Are mandated lockdowns […]
We’ve been seeing new hockey stick graphs every day lately and today is no exception. The weekly jobless data just came out from the U.S. and the numbers were even worse than any analysts had guessed. This chart shows the number of Americans who filed for unemployment for the first […]
Out of all the hockey stick graphs we’ve been looking at over the last few weeks, the one that really takes the cake is the google trends chart showing the number of people searching for the term ‘unprecedented.’ The levels we’re seeing at the moment, quite frankly, have never existed […]
