The Timeshare Comes for Us All | Ed Yardeni says the ‘bond vigilantes’ have retreated, so the S&P 500 can rally to 4,600 | Amazon cuts games unit jobs in broader restructuring | The only bubble in the stock market is the 'bear bubble' of overly negative sentiment, Fundstrat's Tom Lee says

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� � � � � � The Timeshare Comes for Us All - The Atlantic    Very early in my first marriage—I’m talking four or five days—I lay on a lounge chair on the white, powdery sand of an island paradise and took stock of my problems. First off, in that short time I’d already managed to lose both a piece of precious heirloom jewelry that my new mother-in-law had given me and also my new husband’s lucky Mets cap, which I’d left at a bar one island over. He’d taken both of these losses hard, and he’d felt that the missing jewelry had to be reported at once—long-distance and from the front desk—to his parents. The losses and the long-distance phone call were harbingers of the inevitable. But my biggest problem was immediate (aren’t they all?): Cheryl and Don, as I’ll call them. Cheryl and Don had grown children, were either world-class social drinkers or textbook alcoholics, possessed a font of knowledge on matters such as how to take advantage of a loophole in the island’s customs law so we could each bring home an extra gallon of rum, and had decided that these two honeymooning 25-year-olds (us) needed their company. No matter where we went or what we were doing—limbo-ing, eating dinner, bronzing ourselves under a punishing sun—we’d hear a little Cheryl-pitched shriek of delight and there they were. But—as in a mystery novel—it was these two apparently minor and eccentric characters who would offer the most important lesson of the honeymoon. Continued here � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Ed Yardeni says the ‘bond vigilantes’ have retreated, so the S&P 500 can rally to 4,600 - CNBC    Got a confidential news tip? We want to hear from you. Get this delivered to your inbox, and more info about our products and services.  © 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Continued here � � � � � � Amazon cuts games unit jobs in broader restructuring - Reuters    The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol Acquire Licensing Rights Nov 13 (Reuters) - Amazon.com (AMZN.O) has cut around 180 jobs in its games division, at least the second round of layoffs in under a week by the online retailer and digital streaming provider in a broader restructuring, an email viewed on Monday by Reuters showed. "After our initial restructuring in April, it became clear that we needed to focus our resources even more on the areas that are growing with the highest potential to drive our business forward," said Christoph Hartmann, vice president of Amazon Games, in the Nov. 13 email. Continued here � � � � � � The only bubble in the stock market is the 'bear bubble' of overly negative sentiment, Fundstrat's Tom Lee says - Markets Insider    The only bubble in the stock market is in the pervasive bearish sentiment among investors, according to a Monday note from Fundstrat's Tom Lee. In his recent conversations with investors, he noticed a persistently bearish bias towards the stock market even in the face of an impressive year-to-date rally that is setting up well for a continued move higher into the end of the year. "The primary driver of cautiousness is the overall sense of gloom around a few factors," Lee said, pointing to geopolitical risks, the rising federal debt pile, concerns of inflation staying above 3%, and the current state of the commercial real estate market. Continued here

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