More detail takes the shine off Lyft
Things aren't always as they appear at first glance. Lyft, the ride-sharing app, has updated its IPO regulatory filing but the detail this contains actually reduces the attractiveness of its upcoming launch.
Head of Equity Strategy
Summary: The US President yesterday took credit for the 50% stock market rally in the NASDAQ Composite Index since his election. This is a stunning act of hubris given that almost everything is out of his hands and that it is squarely the Fed’s U-turn on January 4 that has sparked the current sentiment rally.
S&P 500 continuous future (five year weekly prices):