HAPPY SATURDAY TO THE STREET
And welcome back to Street Tweets from The Street Sheet!
Nothing says "bold creative vision" like remaking a 25-year-old movie scene for scene.
HBO (WBD) released the first teaser for its Harry Potter reboot last week, and the internet collectively did a double-take.
Warner Bros. Discovery, evidently jealous of Disney (DIS) consistently milking Marvel and Star Wars while they sit on a $1T franchise, greenlit a reboot so visually identical to the originals that one fan said the trailer looked like an AI prompt.
To be fair, the theme park merch isn't going to sell itself.
— Brooks & Cas
MARKET REVIEW & PREVIEW
Geopolitics is back in control. Markets slid again as stalled Iran peace talks and weak consumer sentiment reinforced fears that interest rates will stay higher for longer. Traders now see a 95% chance the Federal Reserve holds steady through at least July, a sharp shift from just a week ago.
Next week brings a critical reset. Friday’s jobs report will offer the clearest signal yet on whether the labor market is weakening enough to justify rate cuts. With expectations set at just 45,000 jobs added, even a modest surprise could move markets in a big way.
Historic volatility, and/or just a Tuesday.
SPY calls worth $0.02 per contract became worth $4.95 in ten minutes flat after Trump declared the Iran war "very complete." That's a 24,650% gain. Wonder if anyone timed it perfectly…
Slowing growth, rising odds, zero chill.
When both bulge brackets and prediction markets are forecasting similar outcomes, it might be time to pay attention.
Retail gets a seat on the rocket?
SpaceX's upcoming IPO could allocate up to 30% of shares to retail investors.
For context, most high-profile IPOs reserve the vast majority of allocation for institutional buyers, leaving retail to buy in after the first-day pop.
If this holds, it could be one of the most retail-friendly major listings in recent memory.
China just planted the seeds of next year's inflation.
Fertilizer moves through the supply chain slowly, meaning today's halt could show up as food inflation by fall.
INB4 eggs are $12 by October.
Bonus season on Wall Street goes brrrr.
But an excuse to add a Rolex to my portfolio? Count me in.









