Exec Sum

The daily newsletter that curates major news spanning Wall Street to Silicon Valley, with a touch of humor and memes. Read by investment bankers, institutional investors, venture capitalists, and more.

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Santa Delivered 🎅

Hope y'all overlevered on the spiked eggnog and whatever your families eat on Christmas Eve / Christmas Day. Markets were closed on Friday so this email will summarize Thursday's market news + any headlines that trickled in over the weekend.

Bring on the Santa Rally

Omicron is weak af with 80% lower hospitalization risk. The Santa rally continues with all major indices green. Musk finally finished selling his Tesla stock. Biden is letting students defer loan payments a little longer. Pfizer made a COVID pill.

Based Dorsey

Jack Dorsey left his CEO role at Twitter to roast web3 VCs 24/7. Markets forgot about omicron, and indices all turned green yesterday. Cruise lines and reopening stocks led the recovery. Biden is putting free Covid tests in all of our stockings this year. Home sales data coming in hot.

liraquidity

Bitcoin (like every other currency) set a new ATH against the Turkish lira. Peloton's stock has given back all of its pandemic gains. Musk's tax bill will roughly equal Madagascar's GDP. Markets got smoked.

The Knockout Blow 🥊

Omicron continues to dominate headlines. Jake Paul delivered the knockout blow all over the world (and meme'd all over social media). Senator Manchin effectively delivered a similar blow to Biden's "Build Back Better" act.