Regulations and technology have all been pushing sell-side research to gain more independence from business functions. COVID could be the shock that accelerates this trend to its natural conclusion – that is for banks to focus more on using external researchers.
In an increasingly leveraged corporate sector, it is no longer possible to simply avoid companies with leverage. Equity investors need to understand when debt becomes dangerous...
"There is a significant risk that the holders of our common stock will receive no recovery under the Chapter 11 Cases and that our common stock will be worthless."
Rule one is that “stocks only go up”, as he frequently reminds his 1.5m Twitter followers.
Rule two: “When in doubt whether to buy or sell see Rule One.”
Following the relentless run up in risky assets off the March lows, we are seeing 2-way price action return to the market. USD strength is resuming as risk sentiment sours and gravity is visible once again in risk assets.
Sadly, it appears the UK State are intent upon continuing their Lockdown regime. In all likelihood this policy has already led to the premature deaths of more than 34,000 British people. Unfortunately that figure is set to rise.
...governments are no longer the only bodies that can ‘influence the future‘, and now is the moment where consideration must be given to ‘other entities as being the real engines of change‘...
