Not The Year of The Tiger

Gas prices have fallen for seven straight weeks, tech stocks led a green day in the market, millions of Americans quit their jobs in June, Airbus scrapped a deal with Qatar Airlines, the SEC is probing Robinhood, CVS is eyeing the primary care business, Phil Mickelson and friends are suing the PGA, and Tiger Global is down horrendous YTD across all of its funds.

Uber Finally Made Money

Pelosi is risking it all in Taiwan, Forbes is looking to sell for $600M+, another $200M crypto hack occurred, Uber is finally free cash flow positive, Robinhood laid off 23% of its staff, British Airways is halting some flights, and most importantly: Taco Bell is bringing back the Mexican Pizza 🙏🏼

Litquidity's Response to A Recent Bloomberg Story

Pelosi Is Headed to Taiwan

Pelosi is flying to Taiwan (watch for some semiconductor stock purchases), global M&A activity is slowing, home prices are cooling, Musk countersued Twitter, the DoJ sued to block a book publisher merger, Dude Perfect will call some Thursday Night Football alternative streams, and Nikola is buying Romeo Power in some former SPAC on former SPAC action.

Record High Oil Profits

Exxon and Chevron posted record high profits, US consumer spending is still hot, Meta has lost $647B in market value in 10 months, Evergrande is failing to meet debt obligations, and the crypto collapse is sending luxury watches to the secondary market.

Stocks Jump on News of Recession

Stocks closed green despite a poor GDP print, West Virginia is cutting ties with several large banks, Instagram is rolling back recent changes after user pushback, Jack Ma is giving up control of Ant Group, Xi got chippy with Biden, and Amazon took a big quarterly loss on its Rivian investment.

MOAR Rate Hikes

J Pow doesn't think we're in a recession, interest rate hikes will likely slow down moving forward, mortgage refinancing demand is down 83% YoY, Sequoia is opening an NYC office, Porsche is buying a stake in Red Bull Racing, and Manchin now supports the new climate and tax bill.

Gas Rations

Russia is leaving the ISS, home prices continued climbing in May, the EU will cut gas consumption this winter, China tried to infiltrate the US Federal Reserve, Credit Suisse's CEO is stepping down, and Alibaba is looking for a Hong Kong listing.

Define Recession

Biden doesn't think we are in a recession, Russia is reducing gas flows to Europe, Walmart is lowering prices, SPACs are failing to find merger targets, Evergrande is expected to announce a new restructuring plan, and all eyes are on the Fed this week.

Musky Business

Monkeypox is a global health emergency, Musk had an (alleged) affair with Sergey Brin's wife, Snap got rekt after a poor earnings report, inflation is slowing down in Japan, and Volkswagen's CEO was fired.

Biden Caught Covid

Biden tested positive for Covid, UK inflation hit a 40-year high, the Nord Stream 1 pipeline resumed gas deliveries to Europe, China fined Didi $1.2B, Amazon is expanding its empire into the healthcare sector, and we finally got the first crypto insider trading case in the US.

Tesla Paper Hands Bitcoin

Tesla sold 75% of its bitcoin holdings for $936M, US home prices keep climbing, investors are cutting back on equities exposure, private credit giants are slowing down lending, Ivy League endowments are bracing for losses, Esports giant FaZe Clan went public through a SPAC, and BlackRock lost $1.7T in the first half of 2022. A lot of OOOOF in this opener.