In this issue:

• Hedge Funds as Liquidity Providers and the Great Degrossing

• Subscriber Q&A

• Return of the Tontine

• Amazon and the Minimum Wage

• Granularity and Price Discrimination

• Decarbonizing

• The Vaccine Distribution Supply Chain

Hedge Funds as Liquidity Providers and the Great Degrossing

Rallies and crashes are easy to understand, and so is sector rotation—when …