Director & Officer ("D&O") insurance premiums spiked and coverage narrowed last year as a result of COVID-19. As vaccinations are distributed COVID-related underwriting risk will begin to soften which will be reflected in lower premiums and broader coverage. All of this is to say do not expect every mid-to-large-sized company to be fully back to … Continue reading Back To The Office Will Look Different Compared To 2019
Tag: COVID 19
It Will Be Difficult To Ween The Market Off Of Easy Money
Weening the market and Americans off of easy fiscal and monetary policy will be no easy task. The Biden Administration's proposed $1.9 Trillion COVID relief package is the first of two multi-Trillion debt-funded "stimulus" tranches to come in 2021. Between zero interest rate policy, debt-funded fiscal stimulus ($1,400 in direct payments to Americans plus extended … Continue reading It Will Be Difficult To Ween The Market Off Of Easy Money
COVID’s Lasting Impact On Mobility
The punchline is that COVID-19 has had a dramatic and lasting negative impact on public transportation as measured by our analysis of Apple Maps data. Below we provide examples of some of America's largest cities and the trends around driving, walking and public transportation. It's probably not a good idea to go long muni bonds. … Continue reading COVID’s Lasting Impact On Mobility
Moderna Insider Sales Raise Corporate Governance Flags
Over the past year Moderna (ticker: MRNA) insiders have sold equity worth approximately $292 million as of July 27th 2020. This includes CEO Stéphane Bancel whom has sold equity worth approximately $33 million and Chief Medical Officer Tal Zaks whom has sold equity worth approximately $55 million over the same period. MRNA insider sales. Click … Continue reading Moderna Insider Sales Raise Corporate Governance Flags
Markets Are Poised To Grind Lower
It is going to take several years for the U.S. economy to recover back to 2019 levels. 2019 is a low bar in our view as that economy - much like the present one - was debt-fueled, deficit-ridden and plagued by artificially low interest rates. These factors in the aggregate have stymied sustainable, real economic … Continue reading Markets Are Poised To Grind Lower
The Best CEOs Are Willing To Break With Tradition
COVID-19 is forcing people, companies and economies to adapt. Many companies have recalibrated their business models to better compete in this new COVID reality. We have yet to see one of America's great export industries - Hollywood - evolve to better capitalize on the current reality. Back in October 2019 we wrote that the future … Continue reading The Best CEOs Are Willing To Break With Tradition
Seated Diners by U.S. City & State
The number of seated diners (as measured by walk-ins and reservations on OpenTable) remains down materially on a year-over-year basis for both cities and states. We built the charts below using a 7-Day average comprised of the last 7 days ending July 4th 2020. Reach me at jmaietta@tek2day.com to access the complete data set which … Continue reading Seated Diners by U.S. City & State
COVID-Related Google Search Trends: Is the Midwest Next?
We have assembled a list of the top 46 cities across the U.S. that conducted COVID-related Google searches over the past day. Click the image below to access a PDF file of the top 46 cities as provided by Google Trends. https://soundcloud.com/ceorater
The COVID Cold Shower
Many investors and traders are prone to temporary fits of euphoria at any sign of positive economic data. Here are a few data points - courtesy of Google - although they are not euphoria-inducing. They may in fact cause one to want to pour an adult beverage. This COVID data set (if you believe it … Continue reading The COVID Cold Shower
Leaders Create Opportunities
Effective leaders whether they be hired CEOs, entrepreneurs, school teachers or physicians create opportunities through action. Elon Musk did just that this week. We don't often side with Mr. Musk but have been in lockstep with him during this COVID period. Mr. Musk, Tesla (tkr: TSLA), co-founder and CEO recently reopened Tesla's Fremont, CA manufacturing … Continue reading Leaders Create Opportunities
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