Brian Sozzi

While Nike’s stock sinks amid several quarters of disappointment, Reebok appears to be undergoing a revival of sorts.

“We do a wonderful job of content. We’re very careful of the players we select. One of our first selections was [WNBA star] @Reese10Angel … Her shoe has just been sold out,” NBA legend @SHAQ told me at the Milken Institute conference this week.

The former Laker is now Reebok’s president of basketball and the second-largest individual shareholder in its parent company, Authentic Brands Group.

“We just do things that are very, very strategic,” he added. “You know, for me it’s trying to reintroduce Reebok to the kids … We’ve doubled in business [just like Authentic Brands Group CEO Jamie Salter has said] and we plan on continuing to grow.”

The total market cap of the US stock market is still up $5 trillion since the beginning of the year despite the tech stock rout.

The year is still young, however.

Affirm founder Max Levchin on AI the day after the big tech stock meltdown:

"I think the silver lining is we will have to have a real conversation around regulation, around fair access, around applicability to the most important problems versus maybe a little bit fewer silly videos, a few more dollars spent on figuring out how to solve cancer. So I think all of that is going to happen. So the moment is okay, like, I don't think it's profoundly destructive. I don't think it's going to write frontier labs to zero or half their price or anything. They are the most important genre of business invented in the last, maybe ever. But certainly in the last 20 or 30 years."

(Via @YahooFinance)

The Santa Claus rally period officially starts on the fifth-to-last trading day of December and spans a 7-trading-day window: the last five trading days of the year plus the first two trading days of the following January.

Hang in there.🎅

Probably should keep an eye on AI data centers in Georgia, too.