This Week on The Compound
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This week on TCAF, Josh and Michael were joined by Steve Quirk, Chief Brokerage Officer at Robinhood Markets. They discussed the bloodbath in the markets, leveraged ETFs, how Robinhood is growing with its customers, and the rollout of 24-hour trading. (Listen)
CHART OF THE WEEK
The past two days in the stock market have been historically bad—like, top four bad. This chart by Matt Cerminaro shows that over the next year, stocks have bounced back. So fingers crossed…🤞
INSIDE THE COMPOUND
History shows that stocks eventually bounce back from big drawdowns, but the timing is uncertain. Michael Batnick, writing at The Irrelevant Investor, notes that it could take a while this time. He writes:
I’m still a long-term bull. We will eventually look back on this sell-off as a gift for investors with the stomach to ride out the insanity. But I’m definitely less confident than I was last week about how long it will take for us to be rewarded. The damage he’s done cannot be undone with a tweet.
MERCH
idontshop.com is back up! You can now order your favorite Compound merch like our Chart ON! t-shirt.
COMING SOON
This week on TCAF, Josh and Michael will be joined by Jenny Van Leeuwen Harrington, CEO and Portfolio Manager at Gilman Hill Asset Management.
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