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    …Zillow-scrolling got a lot less relatable
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                  <p>
                   A house divided… (Caspar Benson/Getty Images)
                  </p>
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                 <div style="font-family:'Capsule Sans Text', Arial;font-size:13px;line-height:1;text-align:center;color:#000000;">
                  Last Week’s Market Moves
                 </div>
                </td>
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                  <tr>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Dow Jones
                     <br/>
                     <span style="font-weight: 700;">
                      31,262
                      <span style="color: rgb(255, 80, 0);">
                       (-2.90%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     S&amp;P 500
                     <br/>
                     <span style="font-weight: 700;">
                      3,901
                      <span style="color: rgb(255, 80, 0);">
                       (-3.05%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Nasdaq
                     <br/>
                     <span style="font-weight: 700;">
                      11,355
                      <span style="color: rgb(255, 80, 0);">
                       (-3.82%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Bitcoin
                     <br/>
                     <span style="font-weight: 700;">
                      $29,218
                      <span style="color: rgb(255, 80, 0);">
                       (-0.05%)
                      </span>
                     </span>
                    </span>
                   </td>
                  </tr>
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                  <tr>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Dow Jones
                     <br/>
                     <span style="font-weight: 700;">
                      31,262
                      <span style="color: rgb(255, 80, 0);">
                       (-2.90%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     S&amp;P 500
                     <br/>
                     <span style="font-weight: 700;">
                      3,901
                      <span style="color: rgb(255, 80, 0);">
                       (-3.05%)
                      </span>
                     </span>
                    </span>
                   </td>
                  </tr>
                  <tr>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Nasdaq
                     <br/>
                     <span style="font-weight: 700;">
                      11,355
                      <span style="color: rgb(255, 80, 0);">
                       (-3.82%)
                      </span>
                     </span>
                    </span>
                   </td>
                   <td>
                    <span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
                     Bitcoin
                     <br/>
                     <span style="font-weight: 700;">
                      $29,218
                      <span style="color: rgb(255, 80, 0);">
                       (-0.05%)
                      </span>
                     </span>
                    </span>
                   </td>
                  </tr>
                 </table>
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                  <p>
                   <strong>
                    Hey Snackers,
                   </strong>
                  </p>
                  <p>
                   The LA Times did some hard-hitting
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    reporting
                   </a>
                   on the biggest mystery in La La Land: why apartments often come without fridges. Absolutely zero chill.
                  </p>
                  <p>
                   We’re all seeing red after an extra-rough week for the markets: the S&amp;P 500 teetered near a bear market on Friday, down almost 20% from its January record. The techy Nasdaq index plunged about 4% for the week, while the broader market was dragged down by bummer retail earnings from
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Target
                    </a>
                   </strong>
                   ,
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Walmart
                    </a>
                   </strong>
                   , and others.
                  </p>
                  <p>
                   <strong>
                    FYI:
                   </strong>
                   Next Monday is Memorial Day, a time to honor those who’ve sacrificed their lives to serve and protect the US. The markets will be closed, so we’ll be back in your inbox on Tuesday.
                  </p>
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                  <strong>
                   Btw...
                  </strong>
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                   Wall
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                 <div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
                  <p>
                   The rise of “fractional real estate” spotlights the overpriced, under-supplied housing market — but will the boom bust?
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <strong>
                    Bingeing “Selling Sunset”...
                   </strong>
                   While scrolling
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Zillow
                    </a>
                   </strong>
                   listings under $100K (spoiler: not many). The median price for a previously owned home sold in April hit a record
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    $391K
                   </a>
                   , up 15% from a year ago. Despite soaring mortgage rates, low housing supply is keeping ownership out of reach for many Americans. Now some startups are offering a way to get in on the housing boom — minus the house.
                  </p>
                  <ul style="padding-left: 18px;">
                   <li style="margin-bottom: 12px;">
                    <strong>
                     You've heard of
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      fractional shares
                     </a>
                     .
                    </strong>
                    New-ish thing: fractional
                    <em>
                     real estate
                    </em>
                    . You own a percentage of a property (think: a time-share where you never get to chill).
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Split the bill(ding):
                    </strong>
                    Jeff Bezos-backed
                    <strong>
                     Arrived
                    </strong>
                    just
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     raised
                    </a>
                    $25M to let people buy shares in single-family rentals with “as little as $100.” Startups like
                    <strong>
                     Fintor
                    </strong>
                    ,
                    <strong>
                     Fractional
                    </strong>
                    , and
                    <strong>
                     Pacaso
                    </strong>
                    have also popped up to make real estate more accessible through co-ownership.
                   </li>
                  </ul>
                  <p>
                   <strong>
                    Cry me a duplex...
                   </strong>
                   While still small, the rise of fractional home ownership underscores how many people are priced out. Over the past year, US home prices have risen 20%. But as the Fed raises rates, the situation may be shifting:
                  </p>
                  <ul style="padding-left: 18px;">
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Interest up:
                    </strong>
                    The rate on a 30-year mortgage has jumped from 3.7% in February to nearly 5.5%, the
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     highest
                    </a>
                    level since ’09. Some homebuilders may be starting to
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     worry
                    </a>
                    that would-be buyers are sitting out.
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Sales down:
                    </strong>
                    Existing-home sales fell for the third straight month in April, with more slowdowns expected. In their earnings forecasts this month, Zillow and
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Redfin
                     </a>
                    </strong>
                    also
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     suggested
                    </a>
                    the market is cooling.
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Still:
                    </strong>
                    Pension funds are
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     increasingly
                    </a>
                    investing in real estate investment trusts (REITs) — a vote of confidence in the sector.
                   </li>
                  </ul>
                 </div>
                </td>
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                <td align="left" style="font-size:0px;padding:0;padding-top:18px;word-break:break-word;">
                 <div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:700;letter-spacing:0.5px;line-height:0;text-align:left;color:#000000;">
                  <table>
                   <tbody>
                    <tr>
                     <td style="padding: 0 8px 0 0; height: 17px;">
                      <img height="17px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.robinhood.com%252Fmarketsnacks_assets%252Fv2%252Ftakeaway-black.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4ucm9iaW5obyJ9:1nt7by:JFiggZe116uNNwgA-py_fA6sKHsQUfMJ2gELUhLM-i4" width="17px"/>
                     </td>
                     <td style="font-weight: 700; width: 100%; padding: 0; height: 17px; line-height: 0; padding-top: 1px;">
                      THE TAKEAWAY
                     </td>
                    </tr>
                   </tbody>
                  </table>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <strong>
                    Housing’s hitting a wall…
                   </strong>
                   There’s a reason higher borrowing costs aren’t sinking prices: brutally low inventory. There’re only 1M homes for sale in the US. Cue: the average home gets snatched up within 17 days. Some
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    fear
                   </a>
                   we may be heading into a housing bubble, though mortgage lenders now have
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    strict
                   </a>
                   debt-to-income ratios to protect against an ’08-style crash. As rates rise, fewer people will be eligible (or willing) to take out loans. Yet home prices
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    won’t
                   </a>
                   cool until supply improves, which could take a while.
                  </p>
                 </div>
                </td>
               </tr>
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                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
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                </td>
               </tr>
              </tbody>
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            </td>
           </tr>
          </tbody>
         </table>
        </div>
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       </td>
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    </table>
   </div>
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    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
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       <td style="direction:ltr;font-size:0px;padding:0 10px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
        <div class="mj-column-per-100 mj-outlook-group-fix column" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'Capsule Sans Text', Arial;font-size:13px;line-height:15px;text-align:left;color:#000000;">
                  <div style="font-family: 'Capsule Sans Text', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60); display: inline-block;">
                   Zoom Out
                  </div>
                 </div>
                </td>
               </tr>
              </tbody>
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            </td>
           </tr>
          </tbody>
         </table>
        </div>
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       </td>
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   </div>
   <!--[if mso | IE]></td></tr></table><table align="center" border="0" cellpadding="0" cellspacing="0" class="" style="width:600px;" width="600" bgcolor="rgb(255, 255, 255)" ><tr><td style="line-height:0px;font-size:0px;mso-line-height-rule:exactly;"><![endif]-->
   <div style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);margin:0px auto;max-width:600px;">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="background:rgb(255, 255, 255);background-color:rgb(255, 255, 255);width:100%;">
     <tbody>
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       <td style="direction:ltr;font-size:0px;padding:0 10px 20px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook article-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
        <div class="mj-column-per-100 mj-outlook-group-fix column article" style="font-size:0px;text-align:left;direction:ltr;display:inline-block;vertical-align:top;width:100%;">
         <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
          <tbody>
           <tr>
            <td style="vertical-align:top;padding:0;">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
              <tbody>
               <tr>
                <td align="left" class="type-no-paragraph-margins" style="font-size:0px;padding:0;padding-top:24px;padding-bottom:12px;word-break:break-word;">
                 <div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
                  <p>
                   Stories we’re watching...
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="left" style="font-size:0px;padding:0;word-break:break-word;">
                 <div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
                  <p>
                   <strong>
                    Better late than never…
                   </strong>
                   After decades of neutrality, Finland and Sweden last week
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    applied
                   </a>
                   to join NATO (the transatlantic political and military alliance) to beef up security against Russia. Both countries were already tied to Europe’s economy via the EU. NATO’s
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    expected
                   </a>
                   to welcome them with (
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    mostly
                   </a>
                   ) open arms within months, which will further
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    isolate
                   </a>
                   Russia from Western markets willing to buy its gas. If trade relationships keep shifting, a “multipolar” world could emerge: one anchored by the US and the EU on the one side, and Russia and China on the other.
                  </p>
                  <p>
                   <strong>
                    Gelato-nomics…
                   </strong>
                   Last year a US dollar got you about 0.82 euro (not much gelato). Now the currencies are almost equal. The USD has
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    appreciated
                   </a>
                   this year as global investors parked more cash in USD than in other currencies, like the war-shaken euro. A strong dollar is good for American tourists, making summer trips to Rome less expensive. Bigger picture, it could cool soaring US inflation, since it makes imports (relatively) cheaper. On the flip side: a strong USD makes US exports pricier (think: fewer
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Ford
                    </a>
                   </strong>
                   EVs sold in Europe), which could check economic growth.
                  </p>
                 </div>
                </td>
               </tr>
               <tr>
                <td align="center" class="light" style="font-size:0px;padding:10px 25px;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-break:break-word;">
                 <p style="border-top:solid 1px #e3e9ed;font-size:1px;margin:0px auto;width:100%;">
                 </p>
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</td></tr></table><![endif]-->
                </td>
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            </td>
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         </table>
        </div>
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   </div>
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       <td style="direction:ltr;font-size:0px;padding:0 10px;text-align:center;">
        <!--[if mso | IE]><table role="presentation" border="0" cellpadding="0" cellspacing="0"><tr><td class="column-outlook" style="vertical-align:top;width:580px;" ><![endif]-->
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                   Events
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                  <p>
                   Coming up this week...
                  </p>
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                  <p>
                   <strong>
                    Inferiority complex...
                   </strong>
                   During a gold rush, sell shovels. During a downturn, sell McDoubles. In tough times, consumers trade down pricey products for budget alternatives (economists call these “
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    inferior goods
                   </a>
                   ”). Think: ditching Clif Bars from
                   <strong>
                    Whole Foods
                   </strong>
                   for granola bars from
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Costco
                    </a>
                   </strong>
                   . Discount stores like
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Dollar Tree
                    </a>
                   </strong>
                   ,
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Dollar General
                    </a>
                   </strong>
                   , and Costco, which all report this week, thrive when inflation spikes —
                   <em>
                    if
                   </em>
                   they can keep their own rising supply costs down. That’s easier said than done: last week other discounters, including Walmart and Target, dropped unexpectedly low quarterly profits.
                  </p>
                  <p>
                   <strong>
                    Mission possible?…
                   </strong>
                   “Top Gun: Maverick” opens Friday after
                   <em>
                    two years
                   </em>
                   of delays. The $170M sequel could answer Hollywood’s biggest question of the Covid era: will people go to theaters for something that
                   <em>
                    isn’t
                   </em>
                   a superhero flick? With “Top Gun,”
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Paramount
                    </a>
                   </strong>
                   is betting some films justify the big-screen experience. The summer will test that bet, with the major studios, from
                   <strong>
                    Universal
                   </strong>
                   (“Jurassic World”) to
                   <strong>
                    <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                     Warner Bros.
                    </a>
                   </strong>
                   (“Elvis”), all releasing “event” movies. The pandemic-scarred industry needs some wins: total box office this year is still down 40% from 2019.
                  </p>
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                   ICYMI
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                  <p>
                   Last week's highlights...
                  </p>
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                  <ul style="padding-left: 18px;">
                   <li style="margin-bottom: 12px;">
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Down
                     </a>
                     :
                    </strong>
                    Swedish fintech
                    <strong>
                     Klarna
                    </strong>
                    is reportedly raising new funding at a much lower valuation, a sign that the days of easy VC $$ for money-losing startups could be over. Even free-spending
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      SoftBank
                     </a>
                    </strong>
                    is cutting back.
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Omen
                     </a>
                     :
                    </strong>
                    It’s getting harder for retailers to pass on their rising costs to consumers. Case in point: Walmart’s and Target’s sour earnings last week, which showed inflation’s pinching profits.
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Oracle
                     </a>
                     :
                    </strong>
                    Warren Buffett’s on a stock-buying spree after pulling back last year. The investing guru is snagging stakes in companies like
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Chevron
                     </a>
                    </strong>
                    and
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Citi
                     </a>
                    </strong>
                    , using his famous “value” playbook in the bear market.
                   </li>
                  </ul>
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                 </p>
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                  What else we're Snackin'
                 </div>
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                   <li style="margin-bottom: 12px;">
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Disconnect
                     </a>
                     :
                    </strong>
                    Tech stocks are suffering, but tech CEO pay? Not so much. Shareholders at
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Twitter
                     </a>
                    </strong>
                    ,
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Meta
                     </a>
                    </strong>
                    , and
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Amazon
                     </a>
                    </strong>
                    are voting this week on exec comp packages — and some are expected to revolt against the paydays.
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Ditch
                     </a>
                     :
                    </strong>
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Carvana’s
                     </a>
                    </strong>
                    online-dealership biz thrived during Covid. But shares of the “Amazon of used cars” are down 86% this year, in one example of how fortunes are changing for many of so-called pandemic winners.
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                      Slack
                     </a>
                     :
                    </strong>
                    Go ahead and take that “sick” day. The labor market is so tight (unemployment’s at its lowest in 50 years) that companies are keeping on even mediocre employees because it’s so hard to replace them.
                   </li>
                  </ul>
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                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    The “down round” returns
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                   • May 20, 2022
                   <br/>
                   🎯
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    Target’s anti-bull’s-eye
                   </a>
                   • May 19, 2022
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                   💵
                   <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                    The dominant dollar
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                   • May 18, 2022
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                  Snack Fact Of the Day
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                  An owl’s eyes can account for 3% of its entire body weight, compared to .0003% for humans
                 </div>
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                  <a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
                   Read more
                  </a>
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                  This Week
                 </div>
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                  <ul style="padding-left: 18px;">
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Monday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Zoom
                    </strong>
                    and
                    <strong>
                     XPeng
                    </strong>
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Tuesday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Intuit
                    </strong>
                    ,
                    <strong>
                     AutoZone
                    </strong>
                    ,
                    <strong>
                     Best Buy
                    </strong>
                    ,
                    <strong>
                     Petco
                    </strong>
                    ,
                    <strong>
                     Dole
                    </strong>
                    ,
                    <strong>
                     Nordstrom
                    </strong>
                    ,
                    <strong>
                     Ralph Lauren
                    </strong>
                    ,
                    <strong>
                     Abercrombie &amp; Fitch
                    </strong>
                    , and
                    <strong>
                     Advance Auto Parts
                    </strong>
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Wednesday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Nvidia
                    </strong>
                    ,
                    <strong>
                     Snowflake
                    </strong>
                    ,
                    <strong>
                     Williams-Sonoma
                    </strong>
                    ,
                    <strong>
                     Dick’s Sporting Goods
                    </strong>
                    ,
                    <strong>
                     Toll Brothers
                    </strong>
                    , and
                    <strong>
                     Guess
                    </strong>
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Thursday:
                    </strong>
                    Jobless claims. Economic data from the first quarter. Earnings expected from
                    <strong>
                     Costco
                    </strong>
                    ,
                    <strong>
                     Gap
                    </strong>
                    ,
                    <strong>
                     Dell Technologies
                    </strong>
                    ,
                    <strong>
                     Macy’s
                    </strong>
                    ,
                    <strong>
                     TD Bank
                    </strong>
                    ,
                    <strong>
                     Jack in the Box
                    </strong>
                    ,
                    <strong>
                     American Eagle
                    </strong>
                    ,
                    <strong>
                     Ulta Beauty
                    </strong>
                    ,
                    <strong>
                     Dollar Tree
                    </strong>
                    , and
                    <strong>
                     Dollar General
                    </strong>
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     Friday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Big Lots
                    </strong>
                    ,
                    <strong>
                     Pinduoduo
                    </strong>
                    , and
                    <strong>
                     Canopy Growth
                    </strong>
                   </li>
                   <li style="margin-bottom: 12px;">
                    <strong>
                     This weekend:
                    </strong>
                    The Indy 500 is on Sunday. Memorial Day is on Monday (markets are closed).
                   </li>
                  </ul>
                  <p>
                   Authors of this Snacks own shares of Canopy Growth, Ford, Twitter, Walmart, and Amazon
                  </p>
                  <p>
                   ID: 2213257
                  </p>
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