Retail Trading

Over the past four months there has been an explosion in new retail trading accounts. Robinhood, the stock trading app popular amongst millennials, opened a record 3 million new accounts in the first quarter. Most of these accounts are owned by “Newbies” who lack...

Peloton 2020 Q1 Recap & Outlook

It is difficult to offer a meaningful outlook at a time when events and markets are changing so rapidly. The recap is fairly straight forward: in response to the voluntary closure of broad segments of the economy and what will be a period of shockingly bad economic...


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