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On Friday, Feb. 21, the S&P 500 closed at 3,337.75. Six weeks later, on Friday, Apr. 4, the S&P 500 closed at 2,488.65. That’s a drop of 25.4% in just 30 trading sessions.
While it’s easy to assume that this marked decline is the sole result of the coronavirus crisis, I think we should at least question that assumption: Is the coronavirus really to blame for the stock market’s drop?
Continue reading “Is the Coronavirus Really to Blame for the Stock Market’s Drop?”
Contempt for another is a failure of the self.
The coronavirus. The economy. Unemployment. Toilet paper shortages. These are what most United States citizens are worried about today.
But there’s something else Americans should be deathly worried about: Debt. Specifically, the leveraged loan market.
Continue reading “The U.S. Might Get Screwed by the $1.2 Trillion Leveraged Loan Market”
Sorrow sublimates.
As I’m writing this on the morning of Thursday, Apr. 2, there are reports that this week’s jobless claims are around 6.6 million. Over the past two weeks, 9.9 million people have been laid off.
For the vast majority of Americans, the coronavirus crisis is more about the economy than public health. In fact, sometimes it’s even hard to remember that, while millions of people lose their jobs and watch the stock market drop, there are thousands of people dying and over 200,000 people fighting the virus with all the physical strength they can muster. Continue reading “The Physical and Economical Trauma of the Coronavirus Crisis”
Consider yourself lucky that regret lasts no longer than a lifetime.
Yesterday, I wrote a piece exploring my thoughts on the positive market movement we’ve recently seen, and I concluded on an optimistic note, highlighting what (to me) is the most compelling part of the bull thesis: American entrepreneurs will do everything they can to save the economy AND to get the coronavirus under control.
In this short piece, I want to touch on this theme just a little more.
You lose all the wars you fight — but that’s not a reason not to fight them.
I’m writing this piece early in the morning on Tuesday, Mar. 31, before the stock market opens.
Over the past five business days, the S&P 500 has rebounded magnificently. On Monday, Mar. 23, it closed at 2,237.40. Yesterday, it closed at 2,626.04.
I am conflicted about the market’s recent upward trajectory, and in this piece I explore why.
Continue reading “What to Make of the Recent Positive Movement in the Stock Market”
Mar. 31, 2020: The coronapocalypse can’t keep two degenerates from betting.
I check in with Matt Harmon, a football writer and analyst for Yahoo Sports, and we play a quick game of Over/Under.