Hints and tips:
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per cent or more)....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...and inflation go hand in hand Bouchaud et al. find that when people trust an “active” central bank, reining in inflation is the outcome of trust, not interest rates....
...Everyone expects Jay Powell et al to say “no rate increase today, but maybe in a month”....
...Related: Share price gains yesterday for Big Tech companies, led by Meta, helped the S&P 500 to its biggest daily rise since January 6. Read the full US market report. 2....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...Prosecute fraud, maybe regulate crypto exchanges like casinos, and keep the SEC et al out of it. This is a disagreement about how to cordon off crypto so that when crypto burns, it is controlled....
...Josh Noble reports from the Al Bayt stadium in Qatar....
...Deflated valuations have made fintech targets more enticing as large corporations seek to transform digitally, with strategies akin to Lloyds’ £1bn digitisation plan....
...However, Bebchuk et al conclude that this throws the ball into the government’s court....
...Shares in the asset manager rose 5.7 per cent on the day the deal was announced, and this year they have nearly doubled the S&P 500’s performance....
...“Further decarbonisation of heating, transport and industrial sectors — driven by economy-wide net-zero carbon targets set by both national governments and corporations — offer a significant upside potential...
...(FT, WSJ) Earnings round-up US retailers Target, Khol’s and Nordstrom all release earnings today....
...Although this last theme might seem oddly non-political, that positive-affect language was a hallmark of politically left-leaning trolls in the 2016 election interference (Marcellino, Cox, et al., 2020)....
....* Of course this begs another question: what happens to SASB, GRI et al? The Big Four leaders are too tactful to comment. But the direction of travel is clear....
...Mandating targets would spur the market to find the solutions itself....
...); (v) the EU taxonomy; and (vi) a possible carbon border tax....
...Our price target is based on a mix of our DCF as well as P/E and EV/EBITDA multiples....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...L.P. (“KKR”) and GK Investment Holding Group SA (“GKI”) (each a “Potential Offeror”) regarding possible offers for the Company....
...An early paper published by the Rand Corporation is The Prediction of Social and Technological Events (1949)....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...(Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
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