75% of small businesses cannot last a month with zero revenues.
The median cash buffer is 27 days.
This is why we need serious supply measures to allow businesses to survive a mandatory shutdown. pic.twitter.com/XpeQPi2sK4
— Daniel Lacalle (@dlacalle_IA) March 24, 2020
More than 47,000 U.S. chain stores have temporarily shut their doors. “In the space of a week, the retail landscape has changed from being fairly normalized to being absolutely disrupted beyond what we’ve ever seen before outside of the Second World War.” t.co/K8pan4kNtt
— Lisa Abramowicz (@lisaabramowicz1) March 24, 2020
Morgan Stanley expects initial jobless claims to rise to 3.4 million pic.twitter.com/8EVU9mrXJl
— Win Smart, CFA (@WinfieldSmart) March 24, 2020
After cutting #SP500 by a third, even the most pessimistic of the valuation ratios I follow – Price to Sales – predicts now almost 6% of total return per annum over the long term.
Enormous improvement over just a couple of weeks! pic.twitter.com/eBQMZIQMbj
— Tomasz Hońdo, CFA (@HondoTomasz) March 24, 2020
Commercial real estate t.co/3ESajrSYg9
— Sven Henrich (@NorthmanTrader) March 24, 2020