investing Archives - Page 3 of 44 - Runnymede Capital Management

Capital One CEO comments on the biggest disconnect between credit and economy ever

Last night on Capital One's 3Q earnings call, their founder and CEO Richard Fairbank made some interesting comments about what the credit card company is seeing in the COVID affected economy. Fairbank has over 30 years experience and has seen many economic downturns so his perspective is invaluable. He said, “This is the biggest disconnect that I certainly have experienced in my three decades of building Capital One between what we see in the economy itself and the actual performance of the consumer, especially from a credit point of view.”

Would a Biden victory mean big losses to your investment portfolio?

The Presidential election is just 26 days away and many investors are worried about the implications to their investments. While we know that polling isn't perfect, former VP Joe Biden is leading national polls and is well ahead of where Hillary Clinton was four years ago. A lot can happen in four weeks, but if Joe Biden wins the election, will his policies mean higher taxes and potential big losses to your investment portfolio?

New Market Highs and Rising Risks in the New Normal

Recall back to March when everything in the New York tri-state area closed in order to slow the spread of corona virus. Outside of New York, your timeline may have been different but the experience is likely the same. We stayed home. Kids learned remotely. The economy slumped. Jobless claims skyrocketed. Uncertainty was the only thing certain. This week, the S&P 500 hit a new highs. Wait, what?!

Does the China COVID recovery point to a V-shaped US recovery?

With the COVID-19 shutdown profoundly impacting the US economy with over 30 million job losses, just one in 10 fund managers expect a V-shaped recovery according to the FT. Is this the right call? Luckily we can look to the Far East as a crystal ball and what we may have in store in the next few months.

China re-opened their economy in mid-February so they are about 3-5 months ahead of the US economy as the US is opening states at differing schedules.

What does it suggest about a V-shaped recovery? Some sectors have rebounded in a strong V, while others have been slow to recover. Let's take a closer look.

Will 50% of restaurants close permanently from the COVID-19 fallout?

While many people are hoping for a V-shape recovery for the economy, restaurateurs aren't so optimistic. It is scary to think about what the restaurant landscape might look like in the fallout of COVID-19 especially for fine dining which simply can't operate at half capacity.

Macau casinos show what to expect from a Las Vegas reopening

Recently, the Las Vegas mayor Carolyn Goodman made waves for pushing for the reopening of Las Vegas. While it may not make sense from a health perspective, their economy relies on tourism, conference and gambling. Even if the governor decides to reopen, it isn't clear how quickly things can return to anything close to normal. Casinos will need to spend more on regular cleanings and gamblers will likely need to wear masks, have their temperatures checked, and sit with social distancing. This doesn't sound like an ideal environment to gamble. Whatever the case, we can look the Far East to the Macau casinos to see how they have done.