Are we really in for another 2020 next year?
In the last few days, Johnson & Johnson’s vaccine study was paused after a volunteer got sick and Eli Lilly & Co.’s antibody study was halted enrollment over a safety concern. AstraZeneca Plc’s vaccine has been on hold since early September. Only Pfizer still...
Revisiting the yield curve – do not ignore it this time around
Last year, the yield curve inverted and sent chills down investors’ spines. Since then, we have indeed fallen into a recession, but one driven by the pandemic. Now, the yield curve is showing what else it can do. Currently, bear steepening has taken hold - which means...
Covid finally nails the President and there is no dismissing it anymore
Following a disturbing Presidential debate, Wall Street was bracing for “what else can go wrong?”. The debate itself was akin to watching a car race where the most exciting moments are the carnage. And there was carnage - American carnage - silliness and crass...
No business plan, no problem!
A blank check company is a development stage company that has no specific business plan or purpose or has indicated its business plan is to engage in a merger or acquisition with an unidentified company or companies, other entity, or person. These companies are...
Caution! Private Equity enters 401K plans
The Department of Labor (DOL) recently issued guidance allowing employers to add retirement funds into their 401K investment lineup that invest in private equity. Private-equity funds, which fall into the broader category of alternative investments, have only been...
TINA – At What Cost?
TINA which stands for “There is no alternative” has had a major impact on stock markets this year to the point where it has become a moniker for strategy adopted by investors. COVID-19 virus has raised the day-to-day importance of many popular companies and investors...
A good life does not mean an easy one
US Debt levels hit a postwar record this week and the debt surpassed 100% of GDP for the April to June quarter. That would put the US in the company of a esoteric few - Japan, Italy and Greece. In the meantime, the Dow briefly topped 29000 before pulling back...
Life is all about choices
With the Democratic National Convention behind us and the Republican National Convention set to nominate Donald Trump for the Presidential Election in November, Wall Street has all but given up on monitoring corporate earnings and its entire focus is now on who will...
Will there be a Biden boom or bust?
With the market edging higher and the prospect of combative presidential debates to start soon, speculation is running rampant on how a Biden victory could impact the stock market. On the one hand, there are those who believe that the prospect of raising taxes and...