Cundill Capital
Norbert Lou buys Smith & Wesson $SWBI https://t.co/GoCc93VcbB
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Morning Brew ☕️
Peloton is redesigning its bikes for customers to assemble themselves as a way to cut costs.

Me when I finally finish building my Peloton: https://t.co/w706obgNtB
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Special Situations 🌐 Research Newsletter (Jay)
Compass Inc., RE brokerage, is taking new cost-cutting measures as it seeks to generate positive cash flow in a slowing US housing mkt. CEO said he would cut costs by about $320 million next year.

Sees FY22 Rev of $6.35bn v est. 7.55bn!

$RDFN $COMP $EXPI $MMI $RMAX $RMR $CBRE https://t.co/zCtcXM6sf3
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Special Situations 🌐 Research Newsletter (Jay)
Anyone who thinks Fed will revert to QE within 3 months, needs to be admitted to a loony bin
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FXHedge
DRUCKENMILLER SOLD HIS ENTIRE $199M POSITION IN AMAZON IN Q2 $AMZN
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Special Situations 🌐 Research Newsletter (Jay)
Mother nature not on EU's side:

-In Germany, Rhine is at critically low levels, hampering deliveries of coal & industrial goods & forecast to become impassable for barges by week end.

-In France, Rhône and Garonne too warm to cool nuclear reactors... $USO $UCO $LNG $UNG $BTU https://t.co/4DPINXrD8H
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Artisanal Permanent Capital
« It was the craft, the process that mattered, never mind the score. »
RIP Coach Carril. https://t.co/CrD7TVvmpZ
Pete Carril, the rumpled, cigar-smoking basketball coach who led Princeton University to 11 appearances in the NCAA Tournament, where his teams unnerved formidable opponents and rattled March Madness with old-school fundamentals, died Monday. He was 92. https://t.co/E3rNnGxmRJ - The Wall Street Journal
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Special Situations 🌐 Research Newsletter (Jay)
Druck sees e-commerce slowdown? How quaint.

Stanley Druckenmiller sold his entire $199MM position in Amazon in Q2. $AMZN
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Special Situations 🌐 Research Newsletter (Jay)
What has happened to $GS?
https://t.co/veREU1rXyv
Goldman Sachs CEO David Solomon DJing a wedding this past weekend 😂 https://t.co/qKzcEVATSX - litquidity
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Special Situations 🌐 Research Newsletter (Jay)
RT @JeromySonne: The year is 2034. I kiss my wife goodbye as I leave my WeHouse for the WeBus to WeWork while she takes my son to WeLearn. I hear the WeCalltoprayer and pull out my WeWellness Mat and kneel to give homage to Miyoshi Son and Adam Neumann. Life is good for me. Life is good for We.
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Special Situations 🌐 Research Newsletter (Jay)
JPMORGAN $JPM AND BOFA $BAC ARE AMONG THE BANKS RETURNING TO RUSSIAN BOND TRADING.
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Special Situations 🌐 Research Newsletter (Jay)
What's coming next??

🇨🇳 CHINA REQUIRES ADDITIONAL POLICY STIMULI TO BOOST ECONOMIC GROWTH - PBOC-BACKED FINANCIAL NEWS.
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Special Situations 🌐 Research Newsletter (Jay)
The auto landscape will continue to change like it always has... https://t.co/JfW1IiXrYf
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Special Situations 🌐 Research Newsletter (Jay)
Elliott Management sold its entire stake in Twitter $TWTR in 2Q22. Filings are delayed, so don't know recent moves. Firm had $387M of Twitter on March 31. @elonmusk offered to buy Twitter at $54.20 on April 14.
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Special Situations 🌐 Research Newsletter (Jay)
July data out of China may force addtl stimulus:

Economy battles 0 Covid, weakening demand, housing slump

Retail sales 2.7%; est. 4.9%
Industrial output 3.8%, est. 4.3%
Home sales -28.6%
Property investment -12.3%
Crude steel output -6.4%

Youth unemployment 19.9%
$fxi $kweb
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