😬 The US can’t blame Omicron for this one...

This is not an ideal jobs market | Didi calls it quits | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for December 6th in 3:10 minutes. 🖥 Web 3.0 – or web3, as the cool kids call it – could be the defining tech trend of 2022. So join us for [How To Invest In Web 3.0 And Network Effects]( on Wednesday, and find out how you can switch your portfolio off and on again so that it works a lot more smoothly. [Get your free ticket]( Today's big stories - The US economy added far fewer jobs than expected last month - It might finally be time to cash in your gains and call it a year – [Read Now]( - Didi announced it’ll be delisting its shares from the US stock market New Starter [New Starter] What’s Going On Here? Data out on Friday [showed]( that the US added far fewer jobs than expected last month, and the country hasn’t even been introduced to a certain disruptive young go-getter yet. What Does This Mean? Squint hard, and there are silver linings here: the unemployment rate fell to 4.2% last month from 4.6% in October, while the proportion of people either in work or looking for it reached its highest level since March 2020. But after better-than-expected jobs numbers in October, economists had dared to dream that November would see a big uptick in new workers. It didn’t: the US added just 210,000 jobs last month – the smallest gain this year and a massive 62% less than analysts were expecting ([tweet this](). Why Should I Care? The bigger picture: Will they, won’t they? Friday’s data has put the Federal Reserve (the Fed) in a tricky spot: the central bank has been [thinking]( about winding down its bond-buying program faster than planned, but this update might cause its confidence to waver. Not least because this data was collected before Omicron was discovered, so any damage the new variant might do to the jobs market – either through more restrictions or by discouraging people from working – is yet to come. The Fed, then, could just make matters worse if it ends up withdrawing economic support too quickly. For markets: Don’t get distracted. Investors are side-eyeing Omicron nervously, but the US stock market is actually staying relatively stable. There’s a more pressing concern, in that a number of popular individual stocks have seen their prices plunge recently. Just look at renowned investor Cathie Wood’s ARK Innovation ETF, which tracks a host of retail investor favorites and is down 17% more than the wider market since the start of November. Some analysts reckon this could be a sign of things to come, and that the collapse of those stocks could be just as dangerous as Omicron to the wider market. You might also like: [How to learn to stop worrying and love Omicron.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=New Starter&utm_campaign=daily-global-06-12-2021&utm_source=email) Analyst Take Is It Finally Time To Cash In? [Is It Finally Time To Cash In?]( [Photo of Stéphane Renevier] Stéphane Renevier, Analyst What’s Going On Here? By now, the word [Omicron]( is just about everywhere. And investors far and wide are selling stocks and securing their profits in case it’s going to cause another correction in the stock market, if not something [more substantial](. The question, then, is [whether you should be one of them](. There are a couple of reasons not to be – namely the robustness of the recovery and the fact that… well, there aren’t really [any better choices](. Bond yields are still at record lows, after all. But there are plenty of reasons to bite the bullet, from stretched valuations, macro headwinds, the disappearance of the [“Fed put”](, and [a tricky few weeks ahead](. So that’s today’s Insight: the reasons for and against getting out of dodge, and [whether you should lock in your profits](. [Read or listen to the Insight here]( SPONSORED BY SMARTASSET The dos and don’ts of choosing a financial adviser The [right financial adviser]( can help maximize your finances for years to come. Trouble is, it can be hard to find the right adviser for you. There are some [common pitfalls]( in the process, like hiring the first adviser you meet or forgetting to check their credentials. Luckily, [SmartAsset’s]( free tool simplifies that process, so you can enjoy the benefits of [better financial planning]( without the stress that comes with it. All it takes is a [short questionnaire]( that’ll match you up with local advisers who work in your best interests. The whole thing takes just a few minutes. And while advisers can’t promise the world, research suggests that working with one can help you retire with [15% more money]( to spend in your later years. That’s no small thing: [learn how to find your perfect financial adviser](. [Find Your Financial Adviser]( SpeeDidi Exit [SpeeDidi Exit] What’s Going On Here? Didi [announced]( on Friday that it’s delisting its shares from the US stock market, but the Chinese ride-hailing company already has its next destination in mind. What Does This Mean? The writing’s been on the wall for Didi almost since its [initial public offering]( (IPO) in June – one of the biggest-ever US listings of a Chinese company. Only a few days afterwards, Chinese regulators – worried that the company might [leak]( sensitive data – scrubbed Didi from the country’s app stores and banned it from onboarding new users. The company lost more than 30% of its average daily users in just two months, and its stock fell over 40%. But regulators weren’t finished, telling Didi in late November to delist its shares from the US stock market altogether. Now, the downtrodden company has finally admitted defeat: it announced it would remove its stock from the New York Stock Exchange and list in Hong Kong instead. Why Should I Care? The bigger picture: Hong Kong is in for a good 2022. Didi’s plan will be music to Hong Kong’s ears: the country’s stock exchange has been falling out of favor recently, with data out on Friday showing that it’s raised 20% less from IPOs this year than last. That might all change in 2022: Goldman Sachs has said that over half its Chinese clients who wanted to list in the US are now eyeing up Hong Kong, as they scramble to circumvent China’s tight restrictions on foreign listings. Zooming out: SoftBank’s bad choices. The 14% jump in Didi’s share price after the announcement was a much-needed win for SoftBank. The Japanese conglomerate – which owns around 20% of the company – had a tough week: its $40 billion sale of British chip designer Arm to Nvidia was just [blocked]( by regulators, and Grab – the Singaporean ride-hailing firm in which SoftBank has a 19% stake – saw its share price fall 20% after it hit the US stock market. You might also like: [The 50 stocks Goldman thinks will profit from China’s crackdowns.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=SpeeDidi Exit&utm_campaign=daily-global-06-12-2021&utm_source=email) 💬 Quote of the day “Don’t ever think that just because you do things differently, you’re wrong.” – Gail Tsukiyama (an American novelist) [Tweet this]( 🔊 Tell us about your business If your business wants to revolutionize the finance world, then our [one million engaged investors]( want to hear about it. Our [newsletter slots]( are the perfect way to speak directly to our million-strong Finimize community, and they’re a pretty enthusiastic bunch. [Get in touch]( to chat about how we can help you get your message out. [Work With Us]( 🌎 Finimize Live 🌿 It’s easy being green There’s nothing like those winter walks in nature: the crisp air ruffling your hair, the orange-tinted leaves floating through the sky, the subtle musk of something you may or may not have stepped in. 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