Operating at the Intersection of Technology and the Capital Markets
Tag: travel
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 Memorial Day weekend brought a modest improvement in the rate of decline as it relates to year-over-year airline passenger volume. The year-over-year decline peaked at -96% on April 16th and averaged -88% for the May 22nd - May 24th period. A modest positive for the economy. However, the airlines need to experience far more … Continue reading Air Travel Picks Up Over Memorial Day WeekendPremium
Total airline traveler throughput is down 95% year-over-year on average over the past 30 days. CLICK HERE for our Excel file with daily airline traveler throughput data. https://youtu.be/yxUY5c2dUK8 https://youtu.be/CHOlp5id5ZE https://youtu.be/HWFIs15S3kI https://soundcloud.com/ceorater
We are due for an equity market shakeout. The NASDAQ is up 450% since January 2009. The 26% spike in the NASDAQ from October 2019 to February 2020 on a lack of supporting fundamentals is like nothing I've ever seen. By late March we had traded down 30% from February's high yet we have gained … Continue reading The Market Is Upside Down
People don't like abrupt change. For example, if social distancing rules were lifted tomorrow I doubt that fans would fill Fenway Park. Not out of spite for John Henry (Mr. Henry was forced to trade a prime MVP player because the Red Sox prematurely signed a now injured Chris Sale to a massive contract), but … Continue reading A Gradual Return To “Normal”
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