- Exec Sum
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- Page 70
Archive
Not so Transitory - JPow
JPow said inflation is way too hot, stocks closed slightly down, Nike crushed earnings, EU and Biden plan to warn China against helping Putin, a Boeing 737 crashed in China, Brazilian farmers are getting wrecked by fertilizer prices, Apple fixed its app glitch, and Warren Buffett is wheelin' and dealin' again.
Batman Box Office is Boomin'
Robert Pattinson's Batman is still bringing in millions, Russia used hypersonic weapons, Shanghai Disney is temporarily closing due to Covid, Germany will buy Qatari gas, Blackstone is planning a fund for millionaires (not billionaires), and Bloomberg is now trying to educate Americans earning less than $300k on how to adapt to inflation.
Return of the Rate Hike
The Fed is raising rates by 25 bps, US and Chinese stocks rallied (for different reasons), Howard Schultz returns to Starbucks as interim CEO, the US is sending dive-bombing drones to Ukraine, Republicans are mad about Citi's new abortion policy, and Robinhood will let users lend their stocks.
AMC Struck Gold
AMC invested in a gold mine (literally), oil prices continue to pull back from highs, a permanent daylight saving time bill passed in the Senate, New Zealand reopened its borders, Saudi Arabia considers accepting the yuan over dollars for China oil sales, and Amazon won EU approval to buy MGM.
Mask Off, JPMorgan Edition
Boomer stocks were the only green index yesterday, China locked down 51M people due to Covid breakout, Russia threatens western companies with arrests and asset seizures, Ford is building a massive EV battery plant in Turkey, JPMorgan rolls back Covid precautions, the inverse ARK ETF passed ARK, and UK airlines remove mask mandates.
Tom Brady Is Back
Brady is back after a brief two month retirement, France might nationalize one of its biggest energy producers, Russian missiles hit Ukrainian military base near the Polish border, a US journalist was killed near Kyiv, Discovery shareholders approve Warner merger, Rihanna makes plans to take her lingerie company public, and Friday Beers raised a seed round.
Goldman Pulled Out (of Russia)
DocuSign is trading at March 2020 prices, February's inflation print came in hot, Peloton is trying new pricing models, Goldman pulled out of Russia, the US extends its airline mask mandate, Burger King halts support of Russian franchises, Pimco faces billion dollars losses from Russian debt, and the UN thinks the Ukraine death toll is understated.
Buy 1, Get 20 Amazon Shares
Retail investors can finally afford one share of Amazon, Poland wants to send fighter jets to Ukraine via the US, Sony suspends Playstation sales in Russia, the US and UK resist calls for a Russia "no-fly zone", lost ship Endurance was found off the coast of Antarctica, and LimeWire is back with an NFT rebrand.
Nickel Back
Biden bans Russian fuel imports, the EU wants to reduce dependency on Russian gas, and China wants to buy the Russian energy dip, Bumble was up 16% as everyone was swiping right, airlines cut flights to grapple with fuel costs, Tom Brady files for dozens of trademarks because being the best football player ever wasn't good enough, and Nickel is Back.
To Infinity, Bed, Bath & Beyond
The US market got thoroughly clapped, oil hit $130 (more than 10xing Cathie Wood's $12 price target), Nickel is worth a lot more than a nickel, some investors are buying Ukraine and Russia bonds, Bed Bath & Beyond jumped 60% after Chewy co-founder Ryan Cohen took a stake, FTX is entering the European markets, and Russia is #1 on the Global Sanctions League Table.