The S&P 500 continued its slide into March. The yield on 10-year treasuries hit 4% for the first time since November. Inflation in Germany unexpectedly accelerated to 9.3%. Tesla is building a new car factory in Monterey, Mexico.
This week on Prof G Markets, Scott explains how Virgin Galactic’s unique supply and demand constraints make it a terrible business. He also breaks down why Amazon and Better.com are partnering to allow Amazon employees to pledge their stock as collateral for home loans — with a catch. Finally, Scott takes a look at the enduring grocery delivery market and shares his thoughts on why Instacart might hold the key to unlocking the IPO market.