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Latest Insights on CONN

There was a crack in Wall Street’s armor today, but it wasn’t jobless claims that made investors blink … it was China. Senate Wise Guys Draw China Eyes
by Joseph Hargett May 21, 2020 Great Stuff
The New Red Scare Here we are… Another Thursday, another weekly initial jobless claims report … and another stock market rally? Some 2.4 million Americans filed for first-time unemployment claims last week. The nine-week total of continuing claims now stands at nearly 39 million. Despite Main Street’s pain, Wall Street’s song remains the same. The […]
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 U.S. economy just shrank for the first time since the financial crisis. There’s a mantra for times like this: The stock market is not the economy. U.S. Shrinkage, Box Office Trolls, Boeing Blows
by Joseph Hargett April 29, 2020 Great Stuff
Country Jerome and the Fed And it’s a one, two, three … what are we buying for? Don’t ask me, I don’t care a wit; next stop is a bull market. And it’s a five, six, seven … open up the pearly gates. Well there ain’t no time to wonder why, whoopee! Stocks are gonna […]
Warren Buffett Copy Warren Buffett Today … Make Big Money Tomorrow You would think Berkshire Hathaway would be investing right now. But it isn’t. And it’s a great reminder that you don’t have to do anything right now.
Earnings season headlines promote a feeling of “everything’s OK” … but a darker message lies just beneath the surface. Relishing Relief: Fastenal Your Seatbelts
by Joseph Hargett April 14, 2020 Great Stuff
How Do You Spell Relief? And they’re off! The first (annual?) U.S. quarantined corporate earnings season kicked off this morning, and investors loved the red-hot rally action. It was 2% to 3% gains across the board as the market opened. Wall Street finally has concrete data on how the pandemic has affected American businesses. JPMorgan […]

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