📉 Breaking: Bridgewater, the world’s biggest hedge fund, has bet more than $1 billion that stock markets around the world will fall by March, the Wall Street Journal scoops.

  • "The wager, assembled over a span of months and executed by a handful of Wall Street firms, including Goldman Sachs Group Inc. and Morgan Stanley, would pay off ... if either the S&P 500 or the Euro Stoxx 50 ... declines."

Situational awareness: WeWork said it's laying off 2,400 employees globally.

📬 Thanks for reading! Please tell a friend about AM/PM.