The movie is about to begin

Movie's have been killing it at the box office Market Snapshot The Markets have been a bit under the weather lately, largely due to catching a case of the Omicron variant. Inflation and the Fed might’ve had a thing or two to do with it as well, but regardless of how you look at it, it wasn’t rosy. The Nasdaq dove 1.24% with the Dow just ahead losing 1.23% while the S&P fell 1.14%. Let’s get into it. Macro Monkey Says Back to Work? — In addition to the countless other shenanigans that the 2021 economy has thrown at us, the labor market has been a primary talking point. Now, one crucial factor holding back the return to the labor force that was cited by JPow himself has drastically changed. The U.S. Personal Savings rate has dropped precipitously since March of this year and even more dramatically since April of last and it looks like we’re now back near the long term trend. History suggests that one’s personal finances is a key driver of willingness to work, so now that the stimulus-induced sky high savings rate is gone, experts expect labor force participation to pick up. Don’t believe me? Ask JPow. Oh wait, you don’t need to because he already cited the stock market, house prices, and savings as the primary reasons the return to work has been sluggish. Moreover, the hesitancy to tighten monetary policy seen in the first three-quarters of the year was partially due to a somewhat weak labor market. With the return to work looking more likely now, analysts now wonder if this could affect policy tightening plans. Great Power at the Box Office — COVID-19 and movie theaters mix like Bernie Madoff and elderly investors - one just financially destroys the other. But, as we (hopefully) move out of the pandemic’s worst days, things appear to be getting better. Slowly but surely, big-time film releases continue to pushup the box office record since the pandemic started. This past weekend, the premier of Spiderman: No Way Home took that record and beat it with a lead pipe. Not only was Peter Parker’s newest adventure the top box office debut of 2021, but the film claimed the Bronze Medal for highest world wide box office debut ever. Fellow Marvel Cinematic titles including Avengers: Endgame and Avengers: Infinity War are the only titles that stand ahead. Some say this confirms that movie theaters are back as f*ck while critics claim its the popularity of the Spiderman series that’s driving the performance. I don’t know what’s more wild - the fact that the third highest box office debut ever occurred during a literal pandemic or the fact that all of the top three are MCU movies. The only thing that is certain is that Disney made a damn good decision in acquiring Marvel. What's Ripe Pfizer ($PFE) — Pfizer shares sit at basically an all-time high and now their customer will too because the giant biopharma firm has just agreed to acquire medical cannabis company, Arena Pharmaceuticals. The $6.7bn deal was announced last week and allows Pfizer to dip their toes in the weed market, I only hope they tried samples first. Shares were up 2.6% on the day. Carnival Corp. ($CCL) — I know, two pretty boring names here today, but don’t hate the player, hate the market. Anyway, shares in Carnival burst out a whopping 3.4% despite being one of the hardest hit victims of the previous virus scares. Laughing in Omicron’s face, Carnival popped on an announcement that the firm would return to profitability by Q2 of next year. If that’s not enough for you, the firm also has long-term bookings out the ass, so all in all, looks like crushing is back. Go tell your Grandma. What's Rotten Everything — You know those days where you wake up tired and seemingly can’t do anything for the next 16 hours? Yeah, happens to the stock market too, see yesterday for example. Stocks, digital currencies, short-term bond yields, oil, and much more joined hands and jumped off the bridge for basically all the same reasons. A combination of Inflation, the death of Biden’s spending plan, and the Omicron variant weighed heavily. Names eating it the worst include solar stocks like SolarEdge, down 10.6%, Novavax, down 7.0%, and Oracle, down 5.2%. Tesla ($TSLA) — Here we go again. Tesla shares got hit with the double-whammy today, leaving shares to plunge another 3.5% and bring its one month return to roughly -22%. First, Australia ruined Tesla’s day by recalling 106 Tesla Model S cars on safety concerns. This was followed by Guggenheim analysts coming out of the woodworks with a neutral rating on the stock, assigning a price target of $924. Analysts stated that it was “hard to justify” much more upside as shares are already priced to perfection. But then again, it is Elon, so… Thought Banana: Gift of Gains — Obviously everybody reading this newsletter is going to be super-ultra-mega rich someday. But why choose hard work and dedication when you can just hold digital currencies to get there? Better yet, why keep all those gains to yourself? Sure, some of your less crypto-pilled friends or boomer relatives will continue to bully you for your “internet money”, but maybe the best way to get them involved is with some skin in the game. And judging by the past, this wouldn’t be such a bad gift because today’s price shows a profit for over 95% of BTC’s all time trading. If your game plan of crypto-indoctrination involves tossing Ledger wallets to everyone around the Christmas tree with 0.005 ETH on them, maybe think twice, there’s a smart way to do it. Some options include: - Apps: Literally just send the coins through CashApp / Venmo - Coinbase: Kicking it up a notch, Coinbase has a built-in gift giving system that allows for transfer of digital assets as well, not just coins themselves. Oh yah, and so does Robinhood (f*ck Robinhood). - Starter-Packs: Gift NFTs and anything else using starter packs that allow you to set up a wallet and store private keys on behalf of someone else. Is there any tighter bond than being someone else’s crypto custodian? - Custodial Investment Account: Like the option above, but likely best used for children or your uncle that thinks “Bitcoin” is a quarter with teeth marks in it. - Tungsten Cubes: Remember these? Unfortunately I do too. These IRL NFTs (WTF) are the crypto equivalent of carrying Magnums in your wallet. However you choose to gift, be smart and make sure your assets aren’t lost, stolen, or anything else. Like when Grandma gave you a 20-year T-bill as a present when you were 2, pay her back with Bitcoin, only difference is she’ll actually make money off of it. Wise Investor Says “I tell my father’s story of the gambler who lost regularly. One day he hears about a race with only one horse in it, so he bet the rent money. Halfway around the track, the horse jumped over the fence and ran away.” — Howard Marks Happy Investing, Patrick & The Daily Peel Team Was this email forwarded to you? Sign up for the WSO Daily Peel [here](. [ADVERTISE]() // [WSO ALPHA]() // [COURSES]( // [LEGAL](=) Don't want The Daily Peel? [Unsubscribe here](. Click to [Unsubscribe]( from ALL WSO content Wall Street Oasis (IB Oasis Corp.) 20705 Saint Charles St Saratoga, California 95070 United States