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)
tweet
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
tweet
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
tweet
Special Situations 🌐 Research Newsletter (Jay)
BREAKING: *GAZPROM DECLARED FORCE MAJEURE TO ONE EUROPEAN CUSTOMER: RTRS
tweet
Offshore
Photo
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
πŸ‘Ύ Playing a video games for 45 minutes raised future team performance by 20% https://t.co/TBgxjhhgbO
tweet
Offshore
Photo
Morning Brew β˜•οΈ
Another day, another dollar.... https://t.co/fAdghyELTF
tweet
Offshore
Photo
Bread Crumbs Research
$FRC: Business Activities Not Undertaken https://t.co/AKAMzyxg5Z
tweet
Special Situations 🌐 Research Newsletter (Jay)
Google $GOOG will open around $113/share after the 20-for-1 stock split on Friday...expect to see some naΓ―ve 95% off e-mails this AM!
tweet
Alex Brogan
What's the most useful website you've used on the internet?
tweet
Offshore
Photo
Meb Faber
Investing quote of the day: https://t.co/PDL1tWdxMz
tweet
Offshore
Photo
Mostly Borrowed Ideas
Great piece on music industry by @scuttleblurb

Paywall: https://t.co/D8VortCEvu https://t.co/5uh5K18ZQE
tweet