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Latest Insights on WRAP

Wall Street expects a significant economic rebound after the “Great Reopening.” But can we really just flip a switch and return to normal? Make America Confident Again; Musk’s No-Diesel Legal Weasel
by Joseph Hargett May 11, 2020 Great Stuff
Confidently Overconfident It’s one thing to be confident, dear reader. It’s another thing entirely to be blindly overconfident. Today, we saw Wall Street give a pause to last week’s massive rally, following one of the most devastating monthly U.S. jobs reports ever. It seems that more than a few analysts are starting to realize just […]
Wall Street shrugs as the U.S. economy goes from the lowest unemployment rate in 50 years to the worst in 50 years … in less than two months. Who Needs Jobs?; Uber Eats $3 Billion Loss; Roku’s Still Boss
by Joseph Hargett May 8, 2020 Great Stuff
Friday Four Play: The ¯\_(ツ)_/¯ Edition It’s official. The U.S. economy is in tatters … and Wall Street doesn’t seem to mind. According to the Labor Department, the U.S. lost a record 20.5 million jobs in April. That’s roughly 25 times more lost jobs than in the worst month of the 2008 financial crisis. Furthermore, […]
As jobless claims continue to soar, Wall Street’s sliver lining is “at least they aren’t soaring more.” Jobs on the Line; Peloton’s Doing Fine
by Joseph Hargett May 7, 2020 Great Stuff
Wall Street’s Breaking Bad This must be Thursday. I never could get the hang of Thursdays. — Arthur Dent, The Hitchhiker’s Guide to the Galaxy. Indeed, it is Thursday, dear reader. And you know what that means … weekly unemployment claims and a market rally. (More optimistically, it’s also Reader Feedback day! Read on…) The […]
The Oracle of Omaha lost big in this crazy market. But Great Stuff has better opportunities that won’t buffet your portfolio. Omaha Oracle Blindsided; Tyson’s Chicken Gets Fried
by Joseph Hargett May 4, 2020 Great Stuff
May the 4th Be With You Wall Street faced rising U.S.-China trade tensions and plunging oil prices today … again. Seriously? Is it just me, or are the writers for this season of “Wall Street” quickly running out of ideas? But, the real story of the day wasn’t falling oil prices or trade wars — […]
President Trump puts U.S.-China tariffs back on the table. It’s trade war cycle deja vu all over again. Tariff Man Strikes Again; Clorox Cleans House
by Joseph Hargett May 1, 2020 Great Stuff
Friday Four Play: The “Return of Tariff Man” Edition Dateline: May 1, 2020 — “Tariff Man” strikes again! You thought he was gone, dear reader, but Tariff Man is mulling a return from retirement. We haven’t seen this much groaning since Rob Gronkowski’s appearance on The Masked Singer. According to The Washington Post, U.S. officials […]

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