Here’s What Investors Are Expecting From JPow This Week | The Daily Peel | 11/2/22

Nov 2, 2022 | Peel #329

 

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Market Snapshot

JPow and his cronies meet Wednesday to discuss if they’ll relent on their all-gas-no-brakes rate hiking strategy.

Some permabulls are holding out hope for just a 50-pointer, but the market widely expects another 75 bps hike.

Stocks saw modest losses ahead of the meeting, and bond yields continued to march higher.


Banana Bits


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Macro Monkey Says

RIP Silicon Valley: 1970-2022

In the last half century, a few zip codes near San Francisco became the envy of not just other cities in America but entire countries across the globe.

A combination of computer nerds everywhere you look, high-octane research, and plenty of VC dough propelled small tech startups into the biggest companies the world has ever seen.

But that dominance could be coming to an end.

  • Founders are fleeing the Bay Area, and the Valley’s share of VC funding has reached a new low
  • Exorbitant housing costs, high taxes, and unrelenting crime has driven hundreds of companies out of the area in recent years
  • Remote work and better collaboration over the internet have reduced the importance of one physical place for starting companies

Meme of the day

meme

Source


What's Ripe

Uber ($UBER) ↑ 11.97% ↑

  • The luxury of getting plastered and having someone take you home on demand is something people will happily pay for
  • The headline for Uber’s Q3 earnings was 72% YoY revenue growth, powered by both higher prices and more bookings

Carvana ($CVNA) ↑ 12.93% ↑

  • Here comes the bounce. $CVNA was dead in the water a few days ago, but an upgrade from JPM was the electric shock it needed
  • This thing has lost almost 94% YTD, so if it has any chance of a turnaround, now’s the time to hop in

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What's Rotten

AMC Entertainment ($AMC) ↓ 7.66% ↓

  • An epidemic of paper-handedness slammed meme stocks Wednesday. Smh.
  • AMC has earnings coming up next week, but nobody that trades it really gives a sh*t about that

Getty Images ($GETY) ↓ 11.76% ↓

  • Getty recently joined meme stock veterans $GME and $AMC on the hype train, but the rally ran out of steam Wednesday
  • No real news to speak of moving this stock, just apes passing shares back and forth

Data Peel

chart

Source


Thought Banana

TikTok Is Suffocating New Pop Stars

New songs nowadays are optimized to go viral on TikTok since it’s the main gateway into the ears of young people.

It’s working alright for artists that are already huge, but it’s pressuring up-and-comers to go viral or die trying.

  • A lyric from T Swizzle’s recently released Midnights (“It’s me. Hi. I’m the problem it’s me”) comes off of the first song in the album and has gone nuts on TikTok
  • Tell me they didn’t know that would happen before the album was released…big labels now have teams scouring social media for what’ll turn teens on to new music
  • The formula is homogenizing popular music and reducing the variety the charts had in the good ole days

The big question: Is TikTok a passing fad, or will artists have to rely on virality to make it big for the foreseeable future?


Banana Brain Teaser

Yesterday — If you were standing directly on the south pole facing north, which direction would you travel if you took one step backward?

North.

Today — It’s 50 bananas off the Consulting Interview Course for the first 25 correct respondents. LFG!

You hear it speak, for it has a hard tongue. But it cannot breathe, for it has not a lung. What is it?

Shoot us your guesses at [email protected] with the subject line Banana Brain Teaser or simply click here to reply!

 



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