[The Daily Peel... ]() Nov 9, 2022 | Peel #334 Market Snapshot Stocks marched higher Tuesday as early midterm results showed a locked-up Congress taking shape. More gridlock means less market meddling, and [history suggests](=) strong gains in the wake of midterm elections. [image] Make Money in Real Estate Like the 1% [image]() Passive income is all the rage on TikTok these days. This magical stream of money that builds while you sleep, day after day, seems too good to be true. Passive income can come from a bunch of different places, but real estate might be the king of them all. Returns tend to be stable, and in the right market, can provide equity growth along with checks coming in every month. Breaking into the industry is the tough partâunless you rub elbows with the 1% of the 1%, youâll need a broad toolkit to prove you have what it takes. Thatâs where WSOâs Real Estate Modeling course comes in. Whether youâre looking to manage office buildings or oversee a residential portfolio, weâll teach you the tricks of the trade. Packed video lessons range from the basics of multifamily modeling to the nitty-gritty of GP vs LP equity. Since weâve got a soft spot for Peel readers, weâre giving out free access to our [PowerPoint Course]( for the first 50 Peel readers to sign up by the end of the day. Donât let this fall to the bottom of your to-do list, spots are filling up fast. [Sign up today]( and get in on the greatest wealth building machine of all time. Banana Bits - Walgreens is closing in on a [$9bn deal]( for primary care provider Summit Health
- The battle of the crypto nerds is ending with [Binance buying FTX]()
- Nvidia is rolling out a [custom-made chip](=) for the Chinese market, which contains guardrails around its AI tech
- Alright, alright, alright! Matthew McConaughey has joined the Jay-Z-Bezos [bid for the Washington Commanders](=) Macro Monkey Says We the People Want Weed, Gambling, and Guns Legal mary jane looks like itâll continue spreading across the country, but gambling and gun props will be hotly contested. 9 figure campaign spending has been the norm this midterm cycle, and itâll be interesting to see how many votes it buys. - Prop 27 in California, which would allow online gambling, has attracted [nearly $400mn]() in campaign funding
- Iowa and Oregon are proposing opposite gun laws. You can probably figure out which side each is on
- Minimum wage boosts and tax hikes on high rollers could shake the economies of some states The broad trend here seems to point towards loosening social restrictions. Most of the country has supported legal ganja for a while, but now states like Colorado are dipping their toes into magic mushrooms. Back in the old days, if you wanted to throw a hundred bucks on an NFL parlay, you used to have to track down that bookie that your cousin knew. Now, FanDuel lures you into the app with free offers that get you hooked on the rush. Thereâs a lot of dough to be made through vices, and governments are keen to grab their share. Tax revenues from weed have helped Colorado maintain hefty surpluses, and its stoned residents enjoy new infrastructure and other goodies. The morality police arenât as powerful when billions are rolling in from legal vices, which is probably why more and more states stand to legalize and tax the sh*t out of them, making everyone happy. Meme of the Day [image] [Source]() What's Ripe Planet Fitness ($PLNT) â 8.58% â - ââPelotonâs gain is Planetâs gainââ pretty much [says it all]() for $PLNT of late
- People have realized that without a ton of space, home gyms kinda suck, and theyâre returning to traditional gyms in droves Kohlâs ($KSS) â 7.34% â - Investors gave their departing CEO a $KSS goodbye on their way out the door, sending the stock surging on the news
- The turnaround hadnât been progressing well, but a new face in charge and a surprisingly-good Q3 put shareholders in a good mood What's Rotten Lyft ($LYFT) â 22.91% â - Higher trip prices gave the top line a shot in the arm, but lower demand than expected has investors worried
- Layoffs announced last week are a step towards profitability, but itâll be an uphill battle if Uberâs content to keep burning cash Nintendo ($NTDOY) â 4.31% â - Remember when [buying a Switch]( was damn near impossible? Nintendo wishes it could have that demand back
- Market saturation and chip shortages contributed to a lower sales outlook for the balance of the year Data Peel [image] [Source]() Thought Banana A Proper Silver Spoon Tax Wealth taxes have been notoriously difficult for governments to implement, with most preferring to take their share once inheritances are passed down. The U.K. may be about to reach its hand even deeper into inheritorsâ pockets. - Britain is staring down a fiscal hole the size of [Singaporeâs entire government budget](=)
- The inheritance tax actually wouldnât go upâit would just freeze in place for several years, which is basically an increase when inflation is double digits
- Itâll be an interesting case study to see if wealth tax hikes can pad government coffers without sacrificing growth Staring down a slow decline is a sh*tty feeling, and Brits are looking for any way to kickstart sputtering growth. The Reagan-Thatcher doctrine of trickle-down economics seemed to die along with Liz Trussâs reign as Prime Minister, so itâs time to crank up taxes again. The big question: If the U.K. can fill its budget hole through wealth taxes, will other large economies follow suit? Banana Brain Teaser Yesterday â Why are manholes round instead of square? If theyâre square, itâs possible for the cover to slip down the hole (diagonally). A round manhole cannot fall down no matter which way it is rotated because its width in any direction is greater than the opening of the hole. Today â Itâs 50 bananas off the [WSO Real Estate Course](. LFG! A ladder hangs over the side of a ship anchored in the port. The bottom rung of the ladder touches the water. The distance between the rungs is 30cm, and the length of the ladder is 270cm. If the tide is rising at a rate of 15cm per hour, how long will it be before the water reaches the top rung? Shoot us your guesses at [vyomesh@wallstreetoasis.com](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) with the subject line âBanana Brain Teaserâ or simply [click here to reply!](mailto:vyomesh@wallstreetoasis.com?subject=Banana%20Brain%20Teaser) Wise Investor Says âTime in the market beats timing the market.â â Ken Fisher How would you rate todayâs Peel? [image](=) [image]() [image]() [All the bananas]( [Decent]() [Rotten AF]() 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 IB Oasis Corp. (aka "Wall Street Oasis")
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