Notes From All Over -- Late Afternoon Edition -- Big 10 Says "No" -- Rally Turned Into Rout -- August 11, 2020

Big 10: everything canceled for the fall. Now that the Big 10 has made the announcement, one would assume the rest of the Power 5 would follow. 

"Rally losing steam." CNBC crawler immediately after Big 10 announcement. NASDAQ, which had climbed its way back to "flat" immediately lost 140 points after the Big 10 announcement. The Dow which had been up as much as 300 points may go negative. The S&P which was approaching an all-time high is now negative -- right after the Big 10 announcement.

Robinhood: the trading platform --

• for most recent reporting period, Robinhood was #1 in daily average trades
• Robinhood: 4.3 million daily average revenue trades (DARTs)
• TD Ameritrade: 3.84 million DARTs
• Interactive Brokers: 1.8 million DARTs
  
• Schwab: 1.8 million DARTs
  
• E*Trade: 1.1 million DARTs
  
• Robinhood expanding: perhaps to Southlake, TX, and/or Tempe, AZ
• both Schwab and TD Ameritrade have huge new centers in Southlake, TX
• not sure what will happen to the recently-completed and still-vacant TD Ameritrade building
• the new Schwab building is still under construction
• as a reminder: currently the population center of the DFW area is just north of Dallas, perhaps in the Plano area;
• Texas is anticipating that the population center of the DFW area will be west of the current population center, probably Roanoke, TX;
• Southlake, TX, is very, very close to Roanoke

Grocery stores: this is quite interesting. All along, during the endemic, I've said that anything that considered itself a grocery store was in great shape. Grocery stores were one of the few retail centers allowed to remain open during the pandemic. So, guess what? The malls are now looking to put grocery stores in their malls. LOL. 

"The vaccine": way too much enthusiasm for "the vaccine." The way folks are talking (investing?) suggests we'll have a vaccine tomorrow.

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