Humans And Their Bear Markets
The phrase "bear market for humans" flashed across Bloomberg Television on Tuesday afternoon, just as the cash session was winding down in the US.
I had the volume on mute, but I imagine the discussion revolved around tech's inexorable rally in 2020 and what the so-called "stay at home" trade says about the future of social interactions and the businesses that depend on them.
The Nasdaq outperformed the Russell for a third session in four and a fifth in seven. This is but one manifestation of
Thanks H. Sorry if I missed a read, but have you seen lumber prices? Would love to hear your thoughts! With oil and gas clawing back. lumber, grocery, etc prices shooting through the roof, all while so many are struggling. This is a mind boggling tug of war between inflation and deflation, so many variables and moving pieces.
The “human bear market” was referring to the fact that labor-heavy companies (like airlines) are punished in the present environment, whereas labor-light companies like the tech companies, are rewarded.
There was a further implication that this trend is permanent.
When a bear market for humans exists with a bull market for financials… can we conclude that financials have nothing to do with addressing the concerns of humans, that economics is no longer the practice of efficiently utilizing natural resources to meet consumer demands. That it is no longer about production or consumption and simply a process of wealth transfer.