Banks have been parking excess deposits in various forms of government debt that are subject to interest rate risk & in some cases, risky crypto bets. This is causing systematic risk.
The Great E-Commerce Reset
How should the market interpret FedEx’s recent report of declining volumes? While scary at first glance, it reveals a rebalancing mix of online and in-person retail sales. Overall retail sales are still outperforming pre-covid levels, revealing the good news that Americans are getting back to normal.
Foot Locker Would Rather Consumers Shop From Home
Given that omnichannel customers spend 4x more than single-channel shoppers, Foot Locker’s 3Q sales suffered from a return to in-person shopping. 4Q sales are also expected to suffer because of the company’s decision to stop selling Kayne West’s “Yeezy” product line.
This Week in Summary 10/7/2022
Forecasting Limitations, Bond Bubbles and Should Costco Run the US Government?
This Week in Summary 9/16/2022
Impending rate hikes…
This Week in Summary 9/9/2022
Europe & USA Natural Gas Fiasco
This Week in Summary 9/2/2022
Baltic Dry shipping index’s -45%
This Week in Summary 8/26/2022
2Q22 Results Are In…
This Week in Summary 8/19/2022
Things Are Not as They Appear
This Week in Summary 7/1/2022
2008 all over again??