Promoting Useful Knowledge

  This week's title is a tribute to one of my favorite artists of all time. Bob Dylan wrote many of the songs of an entire decade. The title comes from his famous ' Like a Rolling Stone ', if you listen to the lyrics they are a little similar to that which a trade might feel when they've blew out their account and are starting from scratch. I also reference Mr. Dylan because I'll cover him below in the best of the week, which is actually a group of links this week on alternative investments in the music industry. Many of you saw the news around the highly publicized Airbnb and DoorDash IPOs. They weren’t the only names to price last week. There were 28 IPOs and 20 SPACs that went public last week. Four of the IPOs finished 100% above their offer price. It’s going to stay very active through year end with at least two dozen names still expected to price. Disney ended the week with a monster day after their investor day. Disney+ subs were the story here, and honestly

  There has never been a better time in history to sell the major indices. Well, that’s because they’re at all-time highs. Let's just hope we're not Wile E. Coyote in a Road Runner cartoon.  Aside from the continued march higher, A couple of big M&A deals were announced last week. The official announcement of the Salesforce (CRM) acquisition of Slack (WORK.O). S&P Global and IHS Markit announced a $44B all-stock deal. Talks of delisting Chinese stocks from US exchanges continued, and it’s not what I originally thought with those stocks moving to the OTC market. OPEC+ kept us waiting, but they’ve announced a small production hike of 500k barrels per day for next month.  We’ve got a light earnings’ calendar again, but we’ve still got a few events on the week. Disney (DIS), Starbucks (SBUX,O), and Salesforce (CRM) are holding investor meetings. Some IPOs on the docket too. DoorDash (DASH.K) and Airbnb (ABNB.O) are the big ones, but there are six in total expected followin