- Exec Sum
- Archive
- Page 73
Archive
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.
What the Block?
Jack Dorsey took a page out of Zuck's playbook and unnecessarily changed up Square's name to "Block". The stock market (and the LitCap Yolo Fund) got them cheeks clapped hard after the first Omicron variant case was found in the US (specifically San Francisco). Investors are way too jittery on the sell button around these headlines tbh.
Inflation is not transitory
Fresh off a renomination, J Pow has now decided to acknowledge inflation is NOT transitory. If only a certain finance meme contingent had been saying this for months *cough cough* (note: the cough is not Omicron). US markets got clapped again following his statements.
