Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021.
Michael Nagle | Bloomberg | Getty Images
What I am looking at May 11, 2022
- The 10-year Treasury versus the stock market: Who wins today? Really difficult set of conversations with the companies that have come public in the last year. They are hard to value because they are trying to pivot to profitability with no path to do so. Endless pull forwards and hard comparisons. Chickens come home to roost moment.
- April consumer prices up 8.3% year over year, stronger than expected. Peak inflation? We did moderate a bit. But retail inflation remained near 40-year highs.