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Opinion

Inequality, Social Chaos, Bankruptcy Rallies: The Best Insights From FinTwit June 2020

From the "Robinhood Rally" to the most profit-disconnected stock market in history, these are the most interesting ideas from FinTwit last month.

By Nathaniel Whittemore
AccessTimeIconJul 9, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 9:29 a.m. UTC
AccessTimeIconJul 9, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 9:29 a.m. UTC
FinTwit

(Morning Brew/Unsplash)

AccessTimeIconJul 9, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 9:29 a.m. UTC

From the "Robinhood Rally" to the most profit-disconnected stock market in history, these are the most interesting ideas from FinTwit last month.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

  • Slight good news in new and continuing jobless claims 
  • Record corporate equity and debt sales during the crisis
  • USDC freezes $100K

Introducing the FinTwit Macro Media Index:

The Macro Media Index is a monthly summary of the best macroeconomic tweets, essays, podcast and videos from FinTwit. 

In this inaugural edition, NLW looks at a few key themes:

  • The disconnect between the market and the real economy
  • The role of the Federal Reserve and monetary policy in growing wealth inequality and social unrest
  • The Robinhood Rally and bankruptcy bet that took institutional investors by complete surprise 
  • The great inflation vs. deflation debate

Featuring insight from previous Breakdown guests including Luke Gromen, Lyn Alden, Jesse Felder, Preston Pysh and more.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

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