First, a GIFt from Barstool Finance...
I am starting to pay a little attention to markets again, and I finally put some pieces together.
First off, I am about to board a plane to the West Coast… 6 1/2 hours… WITH NO MASK.
Secondly, I played in a member guest yesterday with no semblance of social distancing AND will be attending a NASCAR race on Sunday that will be equally as intimate.
In other words… The pandemic is over.
Neither should I, but my point is that you will have mornings like this one where DocuSign (DOCU) and Stitch Fix (SFIX) will take a horse pounding because the public has the ability to sign their own documents in an office or pick out their own lime green bikini bottoms in an outdoor swimsuit store…
While conversely, Vail Resorts (MTN) will rally on better-than-expected quarterly results after your wealthy neighbors and relatives ask you to water their plants as they rush back to crowded gondolas.
(Vail money shot)
Throw in a couple of downgrades from Goldman in Netflix (NFLX) and Roblox (RBLX) and you have to agree that Wall Street is the bellwether screaming to us that it's okay to go out and play.
With insights like this, it might just be the perfect time to start a Family Office.
The SFIX debacle and the power moves at Disney are front and center on today's edition of The Water Coolest… Click and subscribe here.
And the first episode of The Family Office drops Sunday. You can watch it on the new YouTube page an intern just put together for us here…
Take a report.