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Consumer prices set another abysmal record for the U.S. economy. There haven’t been this many bad records since disco.

Deflation at the Disco; Atomic Datadog; Musk the Martyr May 12, 2020 by Joseph Hargett Great Stuff Wall Street Spins Records This year is all about spinning records. Now, I love to drop vinyl on the turntable as much as the next guy. OK, probably more. There’s just a warm, nostalgic sound with records that you don’t get in today’s sanitized, digital world. But the U.S. economy hasn’t exactly dropped the decade’s […]

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 May 8, 2020 by Joseph Hargett 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, […]

Deep Learning Will Add $29 Trillion to the Stock Market May 8, 2020 by Steve Fernandez Investment Opportunities, Technology, Winning Investor Daily We’ve witnessed an incredible amount of change with the growth of the internet. But that’s nothing compared to what we’ll see from a new technology called deep learning.

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 May 7, 2020 by Joseph Hargett 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 […]