Investors want return OF capital now, not return ON it

Summary

Steve Sosnick of Interactive Brokers opens with the cleanest read anyone has given of the worst tech day since 2020: a group of investors who stopped worrying about return on capital and started worrying about return of it, and everybody crowded onto the same side of the boat at once. Then the October jobs report lands live on air at more than double the estimate, with unemployment ticking down to 4.1%. Diane Swonk of KPMG on why a strong print still does not feel strong, and Lyft's David Risher on why self-driving cars are a gift rather than a threat. Featuring Steve Sosnick, Chief…

Description from Yahoo News.