The Newsletter

The Transcript 11.16.20

November 16, 2020

Succinct Summary: Pfizer announced that its vaccine is 90% effective and that gave a boost to market confidence. The vaccine could be great news for the industry and great news for society. Pfizer says that it will have over 1B doses ready next year. The vaccine could lead to some reflationary outcomes.

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The Newsletter

The Transcript 08.23.20

By Mokaya on

August 23, 2020

- The Newsletter

Succinct Summary: Big retailers posted staggering comps in the second quarter as consumers shift spending towards purchases for items used at home. Part of the strength was driven by stimulus but spending appears to have stayed strong in August even after the stimulus has waned. November’s elections are starting to shift into focus. And life may not get fully back to normal until 2022.

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The Newsletter

The Transcript 11.18.19

By Mokaya on

November 18, 2019

- The Newsletter

Succinct Summary: The economic expansion is now in its 11th year. The US consumer remains strong but business investment has been weak. A stat on the real effect of the trade war: Samsonite has taken its supply chain from 90% China production to 67 %, and is intent on reducing it further to 50%. Meanwhile, air flights and India are the final frontiers of the internet.