Vaccine Dreams: Moderna, Sorrento and NovavaxMay 18, 2020by Joseph HargettGreat StuffDamn the Torpedoes! The U.S. economy’s got something. We both know it, but we don’t talk too much about it. Ain’t no real big secret all the same. Somehow, we get around it. Listen, it don’t really matter to Wall Street. Investors believe what they want to believe. And what Wall Street believes right now […]
Retail Weeps, China Creeps, Bankers Beat and Testing SleepsMay 15, 2020by Joseph HargettGreat StuffFriday Four Play: You Down With PPT? Holy cats! It was one busy Friday. I mean, we had a literal smorgasbord of market-moving data … all in one day: Consumer spending set another record in April, plunging 16.4%. President Trump blocked semiconductor shipments to Huawei. China threatened to activate its “unreliable entity list.” Trump questioned […]
Jobs on the Line; Peloton’s Doing FineMay 7, 2020by Joseph HargettGreat StuffWall 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 […]
Buffett’s Billionaire Bust; Nio’s Bailout Is a MustFebruary 25, 2020by Joseph HargettGreat StuffWho Wants to Invest Like a Billionaire? We like talking heads here at Great Stuff … both the financial media version and the ’80s rock band. (“Burning Down the House” is oddly appropriate this week: “Hold tight, wait till the party’s over.”) So, when Warren Buffett — the Oracle of Omaha himself — chimed in […]
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