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On today’s show we discuss:
Future Proof Festival:
36 days in a row: #gasprices continue to fall, the national average ⬇️ 3.3c/gal from yesterday to $4.439/gal. Americans today spending some $225 million less on gasoline than June 14. Five states under $4: TX, SC, GA, MS, LA, with AL, TN, & AR set to join soon. 33k stations <$4!
— Patrick De Haan ⛽️📊 (@GasBuddyGuy) July 21, 2022
The $SPX Annual Indicated Dividend Rate reaches $550 billion for the first time pic.twitter.com/ACLzl8YFkD
— Howard Silverblatt (@hsilverb) July 24, 2022
Today, the NASDAQ closed above its 50-DMA for the first time in 68 days. You have to go back to December of 2008 to find a longer streak.
Read more about the end of this streak and much more in tonight’s Closer: https://t.co/U5Cg56atKX pic.twitter.com/sSAIlFlSEw
— Bespoke (@bespokeinvest) July 19, 2022
Here’s a chart you don’t see every day: https://t.co/oU45PnK2QK pic.twitter.com/FBA7hJ7Hxh
— Tren Griffin (@trengriffin) July 23, 2022
Mortgage demand drops to a 22-year low. https://t.co/THtlXNk0yp
— Eddy Elfenbein (@EddyElfenbein) July 20, 2022
A lot of price drops, but new listings are still selling quickly pic.twitter.com/xDrE6Na1Qr
— Michael Batnick (@michaelbatnick) July 21, 2022
Probably the worst week for housing market newsflow since March 2020 and $ITB is up 3.5% on the week.
— Conor Sen (@conorsen) July 21, 2022
At a comparable rev base, $META SBC expense was at ~14% of sales pic.twitter.com/T0gdwGHobz
— Alex Morris (TSOH Investment Research) (@TSOH_Investing) July 22, 2022
👀source: bbg data; gs pic.twitter.com/uI03I4MgMZ
— Eric Jackson (@ericjackson) July 24, 2022
MORGAN STANLEY: $SNAP‘s ad business “is less developed (more branded and experimental dependent) than previously thought. This increases execution risk, TikTok ad dollar share loss risk, while we also head into a weakening macro world”
Double downgrade to Underweight, $8 target
— Carl Quintanilla (@carlquintanilla) July 25, 2022
*Shopify to Lay Off 1,000 Workers, or 10% of Its Employees — CEO Memo — WSJ$SHOP
— *Walter Bloomberg (@DeItaone) July 26, 2022
On average, time spent
– with family peaks at <15yo
– with friends peaks at 18
– with coworkers peaks at 30
– with children peaks at 40
– with your partner peaks at 70
– alone peaks at the end
fascinating chart (ht @Alex_Radke) pic.twitter.com/6u0aPCer6a
— Derek Thompson (@DKThomp) July 19, 2022
With $44M, #NopeMovie had the highest opening weekend earnings for an original film since #Us✂️
— Culture Crave 🍿 (@CultureCrave) July 25, 2022
MOVIE CALENDAR: How do all those Sony release shifts factor into the upcoming movie calendar? Here is an updated snapshot of major & notable theatrical film releases for 2022, 2023 and 2024. And with #SDCC this week, the 2024 MCU movies are now on the board! pic.twitter.com/nSlSruem4P
— Erik Davis (@ErikDavis) July 19, 2022
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