WSJ: Wall Street Has No Consensus

By SIMON CONSTABLE

Judging by their collective forecasts, Wall Street professionals seem confused over where the market and the economy are headed. The estimates of third-quarter economic growth and year-end stock-index levels vary widely compared with just a few weeks ago.

“The reason the dispersion of the estimates is so wide is that no one has a clue what the second half of the year will look like—not Fed governors, not CEOs and certainly not Wall Street analysts,” says Adam Johnson, author of the Bullseye Brief financial newsletter. Read more here.

WSJ: What Is the Dollar’s ‘Smile’?

By SIMON CONSTABLE

Investors sometimes talk about the “smile” of the U.S. dollar. What does it mean?

The dollar smile is a theory that says the U.S. currency tends to increase in value against other currencies when the U.S. economy is extremely weak or very strong. It goes up at either end of the spectrum, just like the smile on your face. Read more here.

Photo by Jacqueline Munguía on Unsplash

Korn Ferry: Can’t Get to Work? Try Electric Bikes

By SIMON CONSTABLE

It was a nice but niche addition to a centuries-old mode of transport. Now, experts are wondering if electric bicycles will play a dramatic role as offices in urban or large suburban settings struggle to find a way to return to some semblance of normal.

The vehicles, which are just like pedal bikes but with electric motors, would allow workers to avoid traveling in overpacked public transport where there is a high risk of spreading the coronavirus. The added electrical power would also make such bikes usable by a greater portion of the population. And they can take people longer distances, according to a recent study by the UK-based Centre for Research into Energy Demand Solutions. “I know for middle distances—of around eight miles—it works,” says Christina Harrington, Korn Ferry’s head of advisory for Sweden. “That’s not walking distance for most people.” Read more here.

John Batchelor Show: Scotland permits sunbathing and unrestricted strolling but no pubs yet

By SIMON CONSTABLE

Forbes:The Covid-19 Pandemic Is Set To Push Orange Juice Prices To Record Levels

By SIMON CONSTABLE

Orange juice prices could soon jump by up to 60% from current levels, or even higher, due to the pandemic. 

That’s big especially when they’ve already increased by 30% since the end of January.   Read more here.

Photo by ABHISHEK HAJARE on Unsplash

Forbes: Investors Hate This Rally Which Is Why You Should Buy Stocks

By SIMON CONSTABLE

Despite the recent stock rally, investors are bearish like they are reliving the worst part of 2009 when stocks hit rock bottom after the financial crisis. 

But that's one key reason you should be jumping back into the stock market. Read more here.

James Smith, CC0, via Wikimedia Commons

Forbes: Gallup Ratings Show Trump In Position To Win Despite The Covid-19 Crisis

By SIMON CONSTABLE

Reports that President Trump will lose the next election by a landslide appear to be odds with publicly available approval rating figures.

Believe it or not the President’s ratings are better than those of presidents George W. Bush and Barrack Obama at the same point in their first term, according to new data from polling company Gallup. Read more here.

Donald Trump

Seth Poppel/Yearbook Library, 

Public domain, via Wikimedia Commons