Mocker Monday: Ideas to start your week. Apr 24.
Welcome to the Inaugural Mockingbird News Roundup! Once a week we will publish a summary of some articles which Mockingbird Members found particularly interesting.
The Chinese released data on how the lockdown affected the economy. Overall the economy shrunk 6.8% relative to last year, but different sectors fared differently. The biggest winners were sectors involved in the digitization of business. In broad sweeps, these patterns are likely to be seen across other countries, which started their lockdowns later.
- Decline of Major Economic Indicators Significantly Narrowed Down in March (National Bureau of Statistics of China)
- How the best Chinese companies navigated through COVID-19 (Livewire Markets)
Economists and investors are switching gears, from the fear of the virus, to the impacts on the economy. Uncertainty is still high and messages are inconsistent. We can probably expect alot of big movements in the markets while this remains.
- Investing in pandemic markets (Montgomery Investment Management)
- Equity Market Implosions Imminent (Australian Standfirst)
- Big Picture Thinkers Ponder Deficits, The Fed, The Dollar And Gold (Montana Skeptic)
- Bears are underestimating policymakers at their own peril (Livewire Markets)
Industries have been jumping on opportunities, or shifting production to help with the Coronavirus pandemic.
- Shoes to Masks: Corporate Innovation Flourishes in Coronavirus Fight (Wall Street Journal)
- Doing all we can to help those in need. Brewdog Hand Sanitiser (Brewdog)
Oil sentiment is still very bad, with producers still producing, consumers not going anywhere, and storage filling up. We’re still waiting on a billionaire to announce they’re buying tankers to stockpile the stuff until the price goes up.
- Oil ETFs, Contango and negative oil prices (Livewire markets)