Marriott International ($MAR) – In the exact opposite situation as Moderna, Marriott hates the pandemic just as much as the rest of us. As virus fears and cases surge, this does not bode well for hotel and travel companies. The Delta Variant is putting up the dukes as Marriott took a 3.2% hit yesterday, hovering right around where it was when this whole sh*tshow started in March 2020. If its 60% fall from highs back then are any indication...watch out.

Darden Restaurants ($DRI) – I love Olive Garden but world class breadsticks can only get you so far. Shares in the multi-brand restaurant operator sank 4.5% yesterday on a bevy of bad news. For one, the virus does not mix well with sit down dining. Additionally, supply chain issues from that damn virus together with rising commodity prices are driving up product costs, squeezing margins and thus returns for investors. This isn’t the good kind of squeeze unfortunately, but with the firm’s 25% YTD run-up (until yesterday), I wouldn’t go burning down your local Capital Grille just yet.

Axsome Therapeutics ($AXSM) – Shareholders became depressed as news broke of Axsome’s antidepressant drug getting delayed in the approval process. As a result, shares completely succumbed to the bears and sank an embarrassing 46.5%. As the firm does not yet sell things or make money, saying that your first product has been delayed is not a great play to call. Despite the lack of revenue and products, the stock has managed to grow 10x from 2018, so how mad can investors really be?

Wages – The bag is getting more and more secured. The Washington Post reports that the average pay at supermarkets and restaurants in the United States has surpassed $15/hour for the first time. As the Fight for 15 rages on, the private sector has said “I got this one” and has jacked up pay so that just shy of 80% of U.S. workers effectively earn at least $15/hr. Adam Smith is hardcore headbanging in his grave as the Invisible Hand daps up workers across the nation without government mandates at the federal level...yet. For now, shoutout to all you retail traders with a side gig at the local Stop & Shop, have fun being rich.