Peloton; Work From Home (AKA Remote Work); More SPACs; Long-Term Stock Exchange
Buy the rumor, sell the news
Peloton has ridden the covid wave well. Will it crash and burn once there’s a vaccine?
Peloton’s stock has enjoyed the pandemic:
But therein lies Peloton’s main problem: its stock is a proxy for pandemic-induced business conditions. Stated more simply: gyms have closed, and the exercise-obsessed have turned to Peloton, in droves, to get their dopamine h…