Exec Sum

The daily newsletter that curates major news from Wall Street to Silicon Valley, with a touch of humor and memes. Read by over 100,000 investment bankers, institutional investors, venture capitalists, and more.

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Recent

New environment, who this?

Markets took a brief hiatus from mooning yesterday, with all three indexes ending slightly in the red despite jobless claims falling to their lowest level since ‘69 (nice). The reboot of Sex and the City dropped on HBO Max yesterday in time for Starbucks baristas to unionize and DeBlasio to allow for some non-citizens to vote in NYC.

💉 Boost these gains

Major US indices posts a third straight day of gains, Pfizer / BioNtech said their booster dose provides a high level of protection against the omicron variant, Sam Bankman-Fried schooled Congress on stablecoins, and GameStop shares fell after reporting widening losses.

Amazon disrupts the supply chain

US stocks rebounded yesterday following last week's omicron sell-off (classic investor overreaction), congress agreed to a debt ceiling deal, and Amazon's AWS outage definitely disrupted the e-commerce supply chain in a time when a functioning supply chain is needed most.

All Horses Go To Heaven

Got blocked by Harvard Business School on instagram, looks like my HBS MBA prospects are slim now (oh well!). Stocks rebounded from Friday's selloff. Bill de Blasio basically said NO FOOD FOR YOU (if you're not vaccinated). Kentucky Derby winner Medina Spirit died after a workout #RIP.

Back to the grind

Back in NYC following an epic week down in Miami. Met some awesome folks, got Karl blackout at the club, was appropriately sauced while crypto crashed late Friday night, and managed to get the newsletter out in time every morning.