Month: April 2020

Epsilon Theory’s Ben Hunt joins for a follow up to our pre-lockdown Covid-19 conversation in early March. In the month since, the markets finally started to take Covid-19 seriously, elected officials stopped calling it just the flu, and big chunks of the world economy shut down. 

Now, as markets rally on early evidence the curve may be flattening, the question is: is this premature? 

In this episode, Ben & NLW discuss:

• How the markets have moved from “denial” to “bargaining” 
• Why this rally has all the hallmarks of a type of bear market rally we’ve seen over the last month
• Why the predictability of corporate bailouts doesn’t make them any less detestable
• Why we should be buoyed by an explosion of ground-up, grassroots citizen action
• How Frontline Heroes is creating a p2p PPE purchasing network that gets essential gear into the hands of health professionals without causing additional price pressure for state-led negotiations

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President Jair Bolsonaro still dismisses the disease as “just the sniffles”, so state and local authorities—and the country’s vast slums—have taken matters into their own hands. The physical and mental needs of the world’s locked-down populations are driving a boom in online wellness. And we look back on the life of the French chef who revolutionised English fine dining.

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