Market Themes/Trends Since The March 2020 COVID Lows: Tech, Reopen Value, Inflation
The stock market has been very thematic since the March 2020 COVID lows as investors try to invest in an environment of extreme uncertainty.
The Hallmark of a Bubble, The Long Term Consequences of Massive Government Stimulus and Bank Earnings
Yesterday, the great Howard Marks came out with one of his memos. I consider Marks one of the Top 15 investors of all-time and I try to read most of his memos. Yesterday’s memo, “Coming Into Focus” (https://www.oaktreecapital.com/docs/default-source/memos/coming-into-focus.pdf), was one…
A Tale of Two Stock Markets – The Internet Economy Versus The Real World Economy
We are, and have been, in a secular shift away from physical living towards online. I recently read a tweet that said COVID-19 has massively accelerated this trend. Earnings reports from the last couple of weeks have borne this out….