Hint: Terrible On the heels of my earlier note on perverse incentives regarding the CARES Act and supplemental jobless benefits, we get the usual Thursday morning update on initial jobless claims. There are 30 million people – roughly 1 in 5 would-be working American’s – have lost their job and income security over the short
The CARES Act has disincentivized employees from going back to work. With the enhanced unemployment benefits of an additional $600 per week as part of the CARES Act on top of standard weekly unemployment benefits creates a run-rate of ~$50,000 per year net. Therefore, workers who make less than ~$62,400 gross may make more money
Hint: No V-Shaped Recovery Predicted If company managements thought COVID-19 was temporary and were they confident in future revenue streams coming back immediately, secondary effects such as Planned CapEx would not still be falling off a cliff. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O
Again Hint: As you can imagine. Research says that in just over three weeks the world will run out of space to store oil at this pace of production. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATIONPlease remember that past performance may
Robinhood account users are at it again. This time buying oil. The pink line is the price and the green line are the number of Robinhood app users holding USO. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATIONPlease remember that past performance