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Paras Chopra
My weekend haul from Blossoms, Bangalore. https://t.co/hbkUJVaOnk
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Rolf Degen
Both sexes reacted less positively to research findings showing a sex difference favoring males rather than females, and they judged male-favoring research to be lower in quality. https://t.co/24eZBWQxAs https://t.co/FzKaBWznkj
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Jim OShaughnessy
Two thoughts from Greg Lukianoff

“Being offended is an emotional state, not a substantive argument; we cannot afford to give it the power to stifle debate.”

“The spirit of liberty is the spirit which is not too sure that it is right.”
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Special Situations 🌐 Research Newsletter (Jay)
China’s central bank injected additional liquidity into the financial system for 1st time since June as a growing mortgage-payment boycott and a virus flareup leads to a sense of crisis

PBOC boosted size of daily ST cash operation to 12 billion yuan ($1.8 billion) from 3 billion
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Paras Chopra
If you don't understand the source of yield in a financial product, you're the yield.
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Special Situations 🌐 Research Newsletter (Jay)
$BAC ERASES EARLIER GAIN AND FALLS TO PREMARKET LOW
*Bank of America GAAP EPS of $0.73 misses by $0.02, revenue of $22.7B misses by $90M
*Noninterest income declined $989 million, or 9%, to $10.2 billion, primarily reflecting weaker capital markets.
$JPM $C $GS $DB $UBS $BARC $CS
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Special Situations 🌐 Research Newsletter (Jay)
Peter Oppenheimer, chief global equity strategist at Goldman Sachs $GS, says “it is premature to think inflation is going to come down quickly,” as he examines what economic data suggests about core inflation. Remember, OER lag...
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Special Situations 🌐 Research Newsletter (Jay)
Loan upgrade-to-downgrade ratio (credit) we were discussing on Spaces last week. Downgrades are now > upgrades, pointing to the expected weakness in credit with the slowing economy & inflation.

Important to monitor regarding strength of leveraged loan markets! $JNK $HYG $BKLN https://t.co/uSZ3WmlQLM
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Special Situations 🌐 Research Newsletter (Jay)
High Yield Spread Update:
HY 8.56% (529bp OAS)
BBs 6.81%
Bs 9.27%
CCCs 13.61%
BBBs 5.01% (187bp OAS)
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Special Situations 🌐 Research Newsletter (Jay)
After week marked by a fresh crisis in Rome, MLIV readers warn Italian debt risks hitting danger zone once more, just as near-imminent recession intensifies plunge in the euro to levels not seen in 20 years.

Just 16% of 792 in latest Pulse survey say EU will not have recession
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Special Situations 🌐 Research Newsletter (Jay)
More households in Britain are canceling video streaming subscriptions due to the rising cost of living.

1.66 million services were canned in 2Q22 (Kantar)

Under-24s were most likely age group to cancel due to cutting costs, w/ people budgeting for energy bills. $NFLX $DIS
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Special Situations 🌐 Research Newsletter (Jay)
BREAKING: *GAZPROM DECLARED FORCE MAJEURE TO ONE EUROPEAN CUSTOMER: RTRS
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Ethan Mollick
Sadly, "fun" icebreakers work:
▶️If everyone shares a favorite TikTok or short video on Zoom, it builds trust
🎶Singing improves group cohesion
😱Telling an embarrassing story improves group creativity
👾 Playing a video games for 45 minutes raised future team performance by 20% https://t.co/TBgxjhhgbO
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