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Markets are again proving immune to violence: Stocks have a
history of rallying after riots, from the US in 1968 to
London in 2011. S&P 500 plunged in 1969, but the social and
political trauma of 1968 wasn’t reflected contemporaneously
in stocks |
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00:01 -
02/06/20 |
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Consistent with the very sharp disconnect between
markets
and the
economy |
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Lots of precedent for massive social stress and discord to
have little impact on equities. Doesn't mean it's good
either, of course, but stocks can rally despite major stress
in society. 1964 a great example |
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Layoffs have hit U.S. tech companies hard since the pandemic
started there in March. The industry has cut more than
40,000 jobs, with big reductions at Uber, Airbnb and Lyft.
Hobbling that industry will have a big impact on the broader
U.S. economy |
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A small cluster of hedge funds managed by women has
outperformed those run by men through the coronavirus
crisis, new data show, highlighting the industry’s
long-running lack of progress in fixing its gender imbalance |
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