Monthly Archives: May 2020

Mall Rats Jumping Ship

Yikes!  See how Carol nailed this in her piece in yesterday’s post, Back To Class: REITs 101. We may have discovered a superstar. Mall landlords received just a quarter of expected April rent payments. — Lisa Abramowicz (@lisaabramowicz1) May … Continue reading

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Back To Class: REITs 101

In our May 11th post, GDP Now Q2 Estimate At -34.90 Percent, So What Now? we mentioned our discovery of an incredible stock picker with a portfolio that has significantly outperformed the S&P in an upmarket and even during the … Continue reading

Posted in Equities, Uncategorized | Tagged , | 6 Comments


COTD: Chart of the Day Interesting chart of the relative performance of the various  REIT sectors.  Our wild ass guess (WAG) is that commercial is still a sell. We think the COVID crisis will be remembered, among other things, as … Continue reading

Posted in Real Estate, Uncategorized | Tagged | 4 Comments

GPS: The Battle Over Reopening – MUST VIEW

Empathy – the psychological identification with or vicarious experiencing of the feelings, thoughts, or attitudes of another. – Maybe once every few years we read, hear or see something that is so profound it shakes our intellectual foundation to … Continue reading

Posted in Coronavirus, Uncategorized | Tagged , , | 5 Comments

QOTD: Walt Whitman

QOTD: Quote of the Day Happiness, not in another place but this place… not for another hour but this hour – Walt Whitman, “A Song for Occupations,” Leaves of Grass

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Battle OF The Fibos & The Negative Yield Wall

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price … Continue reading

Posted in Equities, Technical Analysis, Uncategorized | Tagged , | 17 Comments

QOTD: Stan Druckenmiller All Beared Up

QOTD: Quote of the Day Hedge fund legend, Stanley Druckenmiller, is all beared up saying the risk-reward for equities is the worst he’s seen in his career, and he has been around the block more than a few times.  He does … Continue reading

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GDP Now Q2 Estimate At -34.90 Percent, So What Now?

Summary The Atlanta Fed’s GDP Now is estimating a -34.9 percent Q2 GDP print, which is 3.5x the largest quarterly decline in the post-WWII economy If realized, the 11.3 percent non annualized first-half GDP collapse in 2020 will approach the … Continue reading

Posted in Black Swan Watch, Coronavirus, Economics, Uncategorized | Tagged | 17 Comments

Curve Flatteners

The term “flattening the curve” now means so many things too so many people. Very Churchillian, no?   We maintain what we should be looking for are inversions ala New Zealand and Korea. There are flattened curves and there are … Continue reading

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Average Hourly Earnings Up 4.7 Percent In One Month?

Not!  The deception of averaging as most jobs that were lost are in the lower wage sectors, such as bars and restaurants. We have written several posts about how deceptive economic data can be simply because of averaging.  See here and … Continue reading

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