The DailyAlts Playbook
The DailyAlts Playbook is the ultimate insider newsletter for the alternative investment industry. Economist Garrett Baldwin covers the big headlines, the stories behind the scenes, and goes on the record with some of the top names in finance to get their take on major events affecting the global capital markets. The DailyAlts Playbook is an in-depth, daily read that drives discussion, entertains and raises your Alternative IQ.
DailyAlts Playbook: Artwork, Vegas, BlackRock Buddies at the Fed, and the End of the COVID Recession
THE DAILYALTS PLAYBOOK June 4, 2020 DailyAlts Playbook: America on Fire, Goldman Shorts the Dollar, a $41 Trillion Hole, and the Death of Pensions. PRIME OVERVIEW Good morning, It looks like the private equity industry has scored one of its biggest wins in its history. The Labor Department today issued guidance that effectively allows 401K…
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The DailyAlts Playbook: Buffett’s Crypto Snub, Why the Selling Stopped, Who’s Shorting Airlines, and the Odds of Another Rate Cut.
We start today in Asia, where the road to recovery from Monday’s massive selloff begins. Although the Nikkei lost 3.3% in overnight trading, Chinese markets were largely flat. The Dow is rebounding slightly this morning.
The 100-point gain in premarket hours comes a day after the Dow shed 1,000 points over growing coronavirus concerns. In recent days, we’ve seen a rising number of cases in Italy, Iran, and South Korea.
It was the worst single-day drop for the Dow in two years.
Reality appears to be sinking in. The spread is going to have a significant impact on global GDP. Mastercard (NYSE: MA) and United Airlines (NASDAQ: UAL) warned that they’ll both take a hit as a result of the spread. Also, we’ve seen cuts in global growth forecasts at banks like Goldman and watchdogs like the IMF. Finally, Oxford Economics projected that coronavirus could hit global GDP by $1 trillion.
DailyAlts Playbook – Why You Shouldn’t Hide Important Financial Documents in Your Fishing Gear.
Today, the DailyAlts Playbook talks Commodity Swings, Public V. Private Gains, Cannabis Expectations, and Why You Shouldn’t Hide Important Financial Documents in Your Fishing Gear.
DailyAlts Playbook: Zero Growth, The End of Discount Brokers, ESG Fever, and a Breakup at Senator – February 21, 2020
We start today with the coronavirus. U.S. markets followed Europe lower on news that China reported 800 new cases of the disease overnight. The new total brings us to more than 75,000 cases in China with 2,236 deaths, according to the country’s National Health Commission. The virus has increased its South Korea, where there are now 150 cases. This morning, several research outlets forecast zero percent growth for the global economy during the first quarter. Those same outlets – including BCA Research – expect that growth will bounce back during the second and third quarters. New cases of the virus are also emerging in Italy, and local officials are eyeing about 100 people who recently had dinner with a man who returned from mainland China in February.
DailyAlts PlayBook – Michael Bloomberg, Bernie Sanders, Virgin Galactic, and More – February 20, 2020
The DailyAlts Playbook talks about Bloomberg’s Debate, “Summer” as a Verb, Victoria’s Secret Sale, and Goldman’s Warning.
The DailyAlts PlayBook: Bill Barr’s Big Plans, The “Democratic Bachelor”, Milken’s Pardon, and Parabolic Space Companies
We begin in Nevada, where a man who supported communism in his 30s has taken a double-digit lead over his Democratic rivals. A new NBC News/Wall Street Journal poll shows that Sen. Bernie Sanders (I-Vermont) controls 27% of the Democratic primary vote. That figure has largely remained unchanged since the onset of the race.
The DailyAlts Playbook: Coronavirus Blowback, Targeting the Astros, Digital Waste, Money Mergers, and the Shop that Predicted Tesla’s Surge
We start the day with the U.S. markets in the red after Walmart Inc. (NYSE: WMT) missed earnings and Apple (NASDAQ: AAPL) warned about the impact of the coronavirus.
The DailyAlts Playbook: Tesla Cults, China’s Deception, and a Very Busy Slate of Activist Interventions.
We return this morning thanks to modern medicine, good sleep, and the first time the household has been quiet in five days. Thank you for the emails and the texts. The flurry of “Where is the DailyAlts?” texts at 9 a.m. helped motivate me this Friday.
The DailyAlts Playbook: Rise of Bernie, the Plight of Tesla Bears, and the Surge of Ponzi Schemes.
Pitchers and catchers report to camp Wednesday, which offers some reminder that warmer weather will eventually find itself returning to the Northeast. That said, the Baltimore Orioles’ roster looks like Lou Brown’s Cleveland Indians in Major League, so I’ll be more focused on the markets.
The DailyAlts Playbook: Oil Shorts, Coronavirus Hits Earnings, Crowded Trades, and Toy Story 4 after a Fifth Viewing.
Fund managers had been dumping oil over the last few weeks, but resistance wouldn’t break down below $49 per barrel. Short sellers appear to have taken some profits off the table, pushing crude back up about 1.7%.
The DailyAlts Playbook: China’s Repo Dealings, Sycamore’s “Secret” Buy, Dalio’s Latest Warning, and the $100 Billion “Book of Mormon.”
Today, the DailyAlts Playbook talks about China’s Repo Dealings, Sycamore’s “Secret” Buy, Dalio’s Latest Warning, and the $100 Billion “Book of Mormon.”
DailyAlts Playbook: The Arrest of Crypto “Michael Jordan”, ESG Battles and Bubbles, Trump’s Fed Pick – February 7, 2020
DailyAlts Playbook talks about Trump’s Latest Fed Pick, the Credit Suisse Shakeup, ESG Battles and Bubbles, and the Arrest of “Michael Jordan.”
The DailyAlts Playbook: Pershing’s Coffee Sale, Bernie Madoff’s Dying Request, and Tesla’s Pullback
The DailyAlts Playbook talks Pershing’s Coffee Sale, Bernie Madoff’s Dying Request, and Tesla’s Pullback.
The DailyAlts Playbook: Tesla’s Rally, Interest Rate Cuts, Corona-covery, and “Leverage” in the Art Markets
This morning, we start with Tesla Inc. (NASDAQ: TSLA). The parabolic rise of Elon Musk’s electric vehicle company has seen its stock jump by 100% to start the year. Short sellers like David Einhorn have been on the losing end of one of the most irrational stock surges in recent memory. Shares have exploded since Rob Baron suggested that the company could generate $1 trillion in revenue in 2030.
DailyAlts Playbook: The Iowa “Circus”, Coronavirus Warnings, the “Succession” Drama in South Korea, Tepper’s Market Temperament, and a Busy Day for Activists
The morning, we start in Iowa.
For years, political analysts have asked why Iowa should be the first voice in the primary season.
Last night, Iowa proved it shouldn’t play this role ever again.
A mind-bending caucus process led to irregularities all across the state. Vote confirmation stalled.
The DailyAlts Playbook: All Quiet on the Brexit Front. China’s Economy Takes Another Hit. And Nine More Months of Election Season
The morning, we start in China, where a massive selloff hit the Shanghai Index during the market’s first day back from the Lunar New Year celebration. The Index fell by 7.7% as the spread of the coronavirus shatters sentiment. Investors ignored positive data showing that manufacturing activity increased during January.
The DailyAlts Playbook – Dan Loeb’s Love of Soup, His Distaste for the SEC, Brexit Bargaining, Bernie’s Big Move, and Dalio’s Take on Coronavirus
We start today with the arrival of a new Europe. The United Kingdom will depart the European Union tonight after a long, drawn-out process dating back to a stunning 2016 referendum. Earlier this week, Nigel Farage conducted his victory lap while the British delegation laughed before the EU. The display concluded with the waving of tiny British flags. That final display caused EU officials to cut off Farage’s microphone.
The DailyAlts Playbook” The Return of Coronavirus, New Ponzi Schemes, and the State of Tesla Shorts.
The U.S. markets are deep in the red Thursday as markets address the ongoing coronavirus crisis in China. The Dow shed 222 points on news that the death toll in China increased to 170. The number of confirmed cases of the virus has topped 7,700. It was just two days ago that the markets shrugged off warnings and bounced back from its Monday downturn. But now economic woes are kicking in. The Shanghai index was off 2.7%, Hong Kong stocks slumped 2.6%, and the Nikkei shed 1.7%. Oil also continues to fall as analysts slash economic growth outlooks across the globe.
The DailyAlts Playbook: Fed Futures, Woodford Haircuts, a Terrible HBO Spinoff Idea, Joe Biden’s Awful Voter Pitch, and the Best Acquisition Case for Apple.
Today, the DailyAlts Playbook talks Fed Futures, Woodford Haircuts, a Terrible HBO Spinoff Idea, Joe Biden’s Awful Voter Pitch, and the Best Acquisition Case for Apple.
DailyAlts Playbook: Bernie Sanders Blowback, ESG Battery Woes, Impeachment Implications, the ECB, and New York State Tax Revenge – January 28, 2020
U.S. equity markets are pushing higher Tuesday after their worst day since October. Health experts are calling for calm and insist that coronavirus has been contained for the moment. Chinese health officials claim that 4,515 have been infected, while 106 have died from the disease. China has taken dramatic steps to contain the virus – including the cancelation of Lunar New Year events in Beijing and quarantining several cities.
Banking M&A 2020: Tim Melvin on Recent Survey Data
Banking M&A 2020 became a major topic of discussion this week. Bank Director Editor in Chief Jack Milligan and Rick Childs, a partner at Crowe, conducted a live survey at the magazine’s Acquire or Be Acquired conference in Phoenix.
Community Banking: Expect MOE Bank Deals and Other Takeovers in 2020
Tim Melvin reports from the 2020 Acquire or Be Acquired Conference. The panel “Wall Street’s Perspective on Bank Deals” featured three noted bank investors. Jonathan Ashe, equity analyst at Wellington Management Company; John Eggemeyer, Founder & Managing Partner at Castle Creek Capital; and, Anton Schutz President at Mendon Capital, all spoke on Monday. The three discussed…
Bank Technology: The Driver of M&A Over the Next 10 Years?
Will 2020 be the year that we see the tipping point in bank technology? Attendees at the Bank Director Magazine Conference in Phoenix think so. The sentiment is that banks in 2030 will look a lot different than they do today. Bankers who fail to embrace new technology will be left behind in the modern world of banking. Technology has changed almost every industry, but for some reason, there are still some bank executives and Boardmembers who think their industry will be different. They will not be.
The DailyAlts Playbook – January 27, 2020
Today, the DailyAlts Playbook talks Kobe Bryant’s legacy, the Monday meltdown, insider trading, and impeachment.
The DailyAlts Playbook – Davos Virtues, Goldman’s IPO policies, and John Stumpf’s Limitations.
This morning, the Dow Jones was pushing higher despite ongoing concerns about China’s coronavirus outbreak. Today is also the conclusion of the World Economic Forum, an event swarming with anti-capitalist capitalism. The New York Times talks of a Phillip Morris rep saying the tobacco firm is “dedicated to a smoke-free future.” What?