According to Matt, who runs our automated advisor product, Liftoff, March has been an extremely robust month for signups. Matt tells me that we had a more than 100% jump in new account signups in March versus February – this is fantastic news because it means people are understanding our message and investing during a […]

We now have data for last week’s initial jobless claims. The number is staggering. 6.6 million filed for unemployment insurance for the first time last week. During the prior week it was 3.28 million. These numbers take your breath away. Chart via WSJ Here’s the even worse news – this only records the people who […]

The Federal Reserve had a precursor before it became the lender of last resort. It wasn’t an institution or a government department. It was a single, solitary man named J. Pierpont Morgan. Mr. Morgan, he was called in the newspapers, and you didn’t need to go any further – everyone knew to whom you were […]

Source: Trump extends social distancing to end of April (MSNBC)

I could be wrong, but let me point out three things that I think about when I hear Great Depression analogies being made to the current crisis. The first thing I think about is that the financial markets of the 1930’s were prehistoric. Yes, the Federal Reserve was in existence, but it was nowhere near […]

If you’re roughly in my age group and reading this, then it’s likely you’re at home right now, with children, doing your best to be a mom or a dad, as well as a homeschool teacher, while simultaneously trying to manage a business, be a remote employee or figure out your next gig for when […]

Today’s New York Times cover

On the day the US reported its highest weekly unemployment claim of all time by quadruple, the Dow Jones rose 1,300 points. Put *that* in your models. — Downtown Josh Brown (@ReformedBroker) March 26, 2020 I used to think it had to make sense. I used to believe in linearity or some semblance of a […]

[embedded content] Subscribe here! Josh here – I asked my firm’s CFO Bill Sweet to weigh in on what looks like an agreed upon economic rescue bill from Congress. Who does it help? How does it help them? What are the most important parts of it? When will we see the money begin to work […]