Talking Points: June 15,2020

June 15, 2020

In just three days, the small-cap Russell 2000, re-entered correction territory. The Wealth Advisor, June 12, 2020

Last year, the CEO of chipmaker AMD, Lisa Su, was the highest-paid chief of an S&P 500 firm, earning a total of $58.5 million and becoming the first woman to head the list. AMD’s stock rose 156% for the year.  CNN, June 1, 2020

“Injustice anywhere is a threat to justice everywhere.” Martin Luther King Jr.

New apartment leases in Manhattan fell 62% in May. Larger and more expensive apartments are getting hit the hardest where three-bedroom apartments dropping 71% the same month. Also, the average rental price for the top 10% of rentals fell by 20%. CNBC, June 11, 2020

Last week, Elon Musk, who takes no salary from Tesla, earned a performance payout worth roughly $775 million. Musk received 1.7 million Tesla shares to bump his ownership stake up to 20.8%. CNBC, May 28, 2020

After going public last week, the peak market value of the little-known electric-truck startup Nikola Corp was $30 billion- higher than Ford’s value of about $24 billion. Nikola has yet to sell any vehicles. The Wall Street Journal, June 9, 2020

“We are going to have to retire the expression ‘avoid it like the plague’ because it turns out humans do not do that.” Jenny Nicholson

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