The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.
Throwing good money after bad as a business model.
Market share of EVs reaches 5.3%. The registrations data is out in all its glorious detail.
What’s astounding many people: ecommerce growth is not leveling off, but keeps surging at blistering rates.
It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.
But the coronavirus impact has not been felt yet; that will come later.
These days, markets forgive and forget anything except the suspension of share buybacks. Shares dive.
GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region.
Funds have invested in PE due to its Madoff-like volatility profile. Ironically, they forgot that this led to a collapse.
This will become an often-played tune over the next few months, delineating how dependent Corporate America has become on China.