Barry Ritholtz

Barry Ritholtz


Director of Twitter Cognitive Dissonance Chair/CIO of RWM https://t.co/ACeM9Gshks Masters-in-Business radio host https://t.co/PcH76bL3JP

165190 followers  •  2027 follow  •    •   https://t.co/lmR0ZGWAUB

These regions managed coronavirus better than USA. They also are key revenue producers for FAANMGs. Data suggest much of the world is way ahead of the U.S. not only in terms of managing their pandemics, but in their economic recoveries. 7/

As of July 13 Globally, there are 12.89 million confirmed cases of Covid-19 and 568,736 deaths. USA figures are 3.30 million confirmed cases of Covid-19 and 135,205 deaths. We have 4.2% of world’s population, but ~25% of infections + deaths. 8/

Just how important are “FAANMG” stocks to US market rally? Two thirds of the gains in the S&P500 past 5 years have been driven by just 6 U.S. companies. 10/

The details via Times of London: “Since 2015, the market capitalization of the S&P 500 has increased by $6 trillion. Of this, $4 trillion has come from the big six tech names: Microsoft, Apple, Amazon, Facebook, Alphabet (the owner of Google) + Netflix” 11/

Big tech overseas revenue: $AAPL generates >55% of its revs outside USA. Some Qs, oversea revs = 60%. $FB & $GOOG revs, its 54.5% / 53.8% respectively. $MSFT + $NFLX, is about ~1/2 domestic + 1/2 overseas, 49.0% / 49.4% respectively. 13/

Amazon is the only FAANMG stock that still generates a significant majority of its revenues from within the United States. Event hat doesn't matter -- you will be hard pressed to think of many other companies that have benefitted more from US lockdown than $AMZN 14/

FAANMG stocks are profiting from a recovering Europe, Asia + SA AND a USA lockdown/bungled reopening. It is a very effective one-two punch for this group of stocks. It explains a lot of the market’s gains. Even more details at @bopinion  END

Finding a contrarian viewpoint no one else has thought of yet that is both counter-intuitive and yet effectively explains a market conundrum is a challenge. This column is a good example of that:

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The United States has 4.2% of the world’s population, but over 25.3% of the infections and 24.4% of the deaths. It is an overwhelming indictment of gross negligence and incompetence

WTF? This Georgia senator and her husband bought shares of a company that manufactures personal protective gear around the time she claimed Democrats were misleading the public on the dangers of COVID-19.

91 percent of the children killed by guns around the world are American

Trying hard not to let this happen:

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An ongoing source of millennial frustration + anger is the expense of basic opportunities today vs prior generations. Data explains a lot of politics + generational angst. If you cannot afford tuition, what sort of economic mobility is there?

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The U.S. decreased federal funding for sexually transmitted diseases by 40 percent in the last four years, during which time STD rates have skyrocketed to record highs.

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