This week in Trader Digest we’re contemplating whether a torrid start to the month could be a sign of what's to come in the markets, wonder whether Covid-19 is the death knell of traditional trading floors, and find some inspiration in the story of Bob Iger at Disney...
WHAT WE'RE READING
Bad Start to May Is a Sign of Things to Come for Markets
‘Sell in May and go away? The negative start to the month raises concern that the partial recovery in April is going to be about as good as it gets for risk assets.' BLOOMBERG
Will US exchange trading floors still be relevant post-coronavirus?
‘The coronavirus pandemic has upended US equities trading with unprecedented market volatility and forced bourses like the New York Stock Exchange to close their trading floors, raising questions about the need for such spaces.’ ECONOMIC TIMES
The Most Reliable Trading Platforms and Exchanges
‘The most secure systems have the daily highest cash turnover. Each platform has its benefits or drawbacks.’ BITTFLEX
Warren Buffett’s company sits on huge pile of cash after Berkshire reported a nearly $50 billion loss
‘Warren Buffett’s company reported a nearly $50 billion loss on Saturday because of a huge drop in the paper value of its investments, though the company is still sitting on a huge pile of cash.’ MARKET WATCH
The Ride of a Lifetime: Lessons in Creative Leadership from 15 Years as CEO of the Walt Disney Company
'Robert Iger became CEO of The Walt Disney Company in 2005, during a difficult time. Morale had deteriorated, competition was intense, and technology was changing faster than at any time in the company’s history.' - AMAZON
WHAT WE'RE LISTENING TO
When it comes to crude, Chinese buyers are spoilt for choice
‘There has been unprecedented demand destruction in Asia as a result of the coronavirus pandemic, causing many refiners to cut run rates.’ S&PGLOBAL OIL MARKETS PODCAST
The global race for face masks
‘The world economy may have dramatically dipped and the price of oil crashed, but one commodity is seeing an unprecedented boom: the face mask.’ THE GUARDIAN
WHAT WE'RE WATCHING
THE FEDERAL RESERVE SAID IT WOULD START BUYING CORPORATE BOND EXCHANGE-TRADED FUNDS IN EARLY MAY.
— Gold Telegraph ✪ (@GoldTelegraph_) May 4, 2020