It’s been a crazy, wild, wacky, tragic, ~unprecedented~ year.

And @justLBell and I have written some 🔥 notes as we’ve tried to make sense of it all.

A 🧵 with some of my favorites ⬇️
Some background: we're a team of two writing research for a scrappy lil brokerage.

When I started in February, our plan was to eventually put out weekly notes as we built out our content.

A few days later, the market peaked. And we wrote our first of many weekly notes.
(you know that saying, the best laid plans often go awry?)

Anyways...
This was our first market note, on February 28.

Back when we knew we were on the verge of a big historic event and we had to write *something* about it.

ally.com/do-it-right/in…
Two-ish weeks later, the Fed called on emergency meeting on Sunday to cut rates to zero.

We threw together this note on a Sunday night, then I promptly rushed to the bank to take out cash.

(I know, I know, not cool. Even finance people panic sometimes)

ally.com/do-it-right/tr…
Back up three days, when the S&P 500 fell into a bear market (20% decline from a peak) at the fastest pace in history.

We put together a banger on the history of stock market bears, and why it's best not to fear the bear when you've got time on your side

ally.com/do-it-right/in…
Things got scary in the market for a few weeks. The S&P 500 moved 5% EACH DAY in the week (before it ultimately bottomed on March 23, but ofc we didn't see that coming)

ally.com/do-it-right/in…
Stocks rebounded in April, thank goodness. But the market mayhem wasn't over.

Oil prices fell negative. We were like WTF! then we put together a little explainer to walk through how that was possible.

ally.com/do-it-right/in…
In June, we wrote the definitive guide to investing in uncertain times.

(TL;DR: don't try to predict the future)

ally.com/do-it-right/in…
Then, as the world watched a fiery hot stock market recovery, we wrote a little thing on $AAPL's stock split & why splits could come back in style during a big wave for individual investing.

Four days later, $TSLA announced its own split.

ally.com/do-it-right/tr…
Aaaaaand if 2020 wasn't crazy enough, it was the hottest year for IPOs in recent memory.

We dug into the trend of going public, and what you really should know about hot IPOs (many don't stay hot forever).

ally.com/do-it-right/tr…

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More from @callieabost

14 Dec
.@justLBell and I wrote a little thing on the five market lessons we've learned in 2020.

It actually got me thinking about one big lesson I've learned in life and in markets this year...losing control.

ally.com/do-it-right/tr…
(am writing more but my maintenance guy swung by)
OK...losing control.

I'm a super type A person, to the point where I've had pretty debilitating anxiety for a while.

It's been a rough year for all of us, but it's been a special kind of awful for those who struggle with anxiety and other mental health issues.
Read 11 tweets
18 Sep
The IPO market is on 🔥 and everybody wants a piece of it.

Just look at Snowflake’s debut this week: it was the best for a >$1 billion IPO since 2013.

Are these IPOs worth the hype, though?

@justLBell and I take a look (and serve up some tasty data)

ally.com/do-it-right/tr…
2020 is on pace to be the strongest year for IPO activity since at least 1990 (the beginning of our data). Image
It's also been an especially good year for the IPO class of 2020.

In 2020, about 73% of all IPOs have climbed on their first day of trading, including *every* IPO larger than $1 billion. Image
Read 6 tweets
16 Sep
You may be seeing a bunch of economic charts these days that look like a broken V (right side of the V is cut in half).

Retail sales isn't one of those. Consumer spending, while slowing (and in a tenuous spot), has fully rebounded back to pre-pandemic levels. Image
(screenshot from my BBG because I just cannot even today)
Here's a look at retail sales going back to 1990 (red bands are recessions).

You'll see that the "V-shaped rebound" in consumer spending didn't happen during the Financial Crisis, but it did in the early 2000s recession. Image
Read 4 tweets
15 Sep
I'm looking at 52-week highs data today.
Only 186 of the S&P 500's 505 members (37%) has reached a 52-week high from 3/23 until yesterday.
Read 8 tweets
8 Sep
OK, I’m three cups of ☕️ in today.

Here’s where we stand on the selloff.
The S&P 500 is down 2.2% today.

Total selloff since Wednesday = 6.4%
This has been quite the selloff, but remember — we scaled the mountain to record highs pretty quickly.

The S&P 500 is STILL:

👉 1.4% above its 50-day moving average
👉 6.6% above its 100-day moving average
👉 8.3% above its 200-day moving average
Read 7 tweets
8 Sep
Hey Twitter! Got a little pupdate for you.

Meet Ozzy, the newest member of the Cox quarantine crew 🐕

He’s a 10.5 week old fawn pug and the goodest boy! Image
We named him after my favorite technical indicator, the oscillator!
JK, I would never do that. Sorry techies.

For real, we named him Ozzy because “little bear” in Spanish is osito and he’s our little 🐻.

We’re excited and smitten and exhausted all at the same time!
Read 6 tweets

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