Situational awareness: It's Aug. 27, a big date on the TikTok calendar. Surely CEO Kevin Mayer knew that when he picked today as his resignation date. Expect some kind of sale announcement before Monday, possibly even including Walmart.
In this week's newsletter, I look at a financial indicator that is deeply rooted in the real world; a "mall short" that is really just a purely financial speculation; lots of companies going public; and much more. But I lead with this morning's Fed news. That has tipped the word count just over the 2,000 mark. Still, the whole thing should take you less than 8 minutes to read.
- Please send ideas and feedback to firstname.lastname@example.org. (Unless it's pedantry about the Dow not being an index. I know.)