The Emperor
I’m amused. There is a ceaseless stream of people chattering about the economy. On TV. On the web. In print, in digital. Will we have a recession, a soft landing, nothing? When will the Fed stop lifting rates and start…
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Vanished Alpha
There’s no alpha left in public equities. Hasn’t been for 20 years. Nope, not me. I didn’t say it. Marc Rowan, CEO and co-founder of Apollo Global Management, a private equity firm with six hundred billion dollars under management said…
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Virtual Reality Calls
Should you wear an Apple Virtual Reality headset during earnings calls? Wait, what? Earnings calls? I’ll explain. I remember wondering if Apple would survive. You too? The maker of personal computers had by the 1990s lost the market to Microsoft. …
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Halted Auction
The NYSE opening auction failed yesterday. Prices gyrated and trading halted in swaths of large caps including XOM, WMT, UL, T, VZ, RTX, MCD, PRU, UNP, MO and many more – trillions in market cap. It was, to quote comedian…
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What the Hell?
ModernIR has seen a surge of interest from companies perplexed by the stock market. They see that stocks don’t move with fundamentals, don’t move as expected. They move with each other. An October 12 Wall Street Journal article described “lock-step”…
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Market Palio
Maybe we should have a horse race to decide our elections. In Siena, the whole region gathers July 2 and August 16 annually, thronging the Piazza del Campo (the city square you see behind our beverages in the photo here,…
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The Essentials
Skip meals, give up beer, burn calories. That combination lowers my weight. The essentials. In fact, depending on the amount of meal-skipping and skipping-rope (well, riding bikes), I drop pounds in days. What’s the equivalent for creating shareholder-value, public companies? …
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