The Next Generation of Risk Management Technology
Rick Bookstaber, has held chief risk officer roles at Morgan Stanley, Salomon, Bridgewater, and the University of California Regents Pension Fund and served at the U.S. Treasury in the aftermath of the 2008 crisis. He is the author of The End of Theory (Princeton, 2017) and A Demon of Our Own Design. He is founder and head of risk at Fabric RQ.
The Q Ratio and Market Valuation: July Update, Notes About Revisions
Note: This update includes July close data.
The Stay-at-Home Recovery Could Outlast the Pandemic: Lionel Laurent
The U.K.’s “Freedom Day” has been declared a damp squib by taxi firm Addison Lee, and it’s hard to disagree. Even with hospitalizations and deaths low — and cases falling — mobility is plateauing and below pre-pandemic levels in some areas.
Weekly Gasoline Prices: WTIC Up 50% Since Early Jan
As of August 2, the price of Regular and Premium was up two and three cents, respectively, from the previous week. According to GasBuddy.com, California has the highest average price for Regular at $4.37 and Mississippi has the cheapest at $2.77. The WTIC end-of-day spot price closed at 71.26, down 0.9% from last week and up 50% from the beginning of the year.
World Markets Update: August 2, 2021
Six out of eight indexes on our world watch list posted gains through August 2, 2021. The top performer is France's CAC 40 with a gain of 20.26%, our own S&P 500 is in second is with a gain of 16.80%, and India's BSE SENSEX is in third with a gain of 10.89%. Coming in last is Hong Kong's Hang Seng with a loss of 3.66%.
The Bold Return to In-Person Conferences
Last week witnessed a bold adventure in in-person conferencing… and lessons in how to manage clients (and their portfolios) in an unprecedented market environment. But the memorable moment at the ENGAGE conference was David Kelly’s statement that bitcoin is a cult and not a currency.