🍋 Generation Zapped

Gen-Z and Millennials are bad at work-life balance, plus why pickleball could be the best investment of 2023, and Taco Tuesday is under fire.

Together With

"It is amazing what can be accomplished when nobody cares about who gets the credit." — Robert Yates

Good Morning! You heard it here first - legendary distressed hedge fund investor and former owner of the Milwaukee Bucks Marc Lasry thinks pickleball offers a better investment return than the NBA. And speaking of returns, UBS is down bad right now from its Credit Suisse acquisition, announcing a $17 billion hit to its bottom line yesterday. 

Investors are feeling bullish that the U.S. government will hash out a debt ceiling resolution. And Taco Bell is in a copyright fight with a smaller fast food chain over the ‘Taco Tuesday’ trademark.

Want to join 100k+ investors and traders receiving actionable trading tips each morning? Check out 360 Wall Street.

1. Story of the Day: Generation Zapped

It turns out Gen-Z and Millennials do value work-life balance, after all. They're just really bad at it.

Despite what you might think from 8th graders who scour Wall Street Oasis looking to get an investment banking job, study after study has found that younger generations are less impressed with titles and big salaries than their parents’ generations. Gen-Z and Millennials have, on average, expressed a desire to take less money for a better work-life balance.

But at the same time, there’s a little bit of disconnect. Younger professionals are basing their identities and self-worth on their career success more than any other generation.

They say the pandemic and recession have ushered in a new ‘hustle culture’. And with high costs of living, many young professionals think their financial and life goals could be unattainable if they’re not constantly grinding.

Takeaway: Turns out there’s a big difference between wanting work-life balance and knowing how to obtain it. Gen-Z is coming into the workplace with high ideals, but the hard part is figuring out how to execute them.

How would you rate your work-life balance?

Login or Subscribe to participate in polls.

2. Markets Rundown

Stocks closed higher after positive news about a debt ceiling resolution.

Movers & Shakers

  • (+) Western Alliance ($WAL) +10% after the bank says its deposits are growing.

  • (+) Tesla ($TSLA) +4% after the company's annual shareholder meeting.

  • (–) Kyndryl ($KD) -13% after the company revised its annual guidance.

Private Dealmaking

  • Ripple bought Metaco, a Swiss-based crypto custodian, for $250 million 

  • Gradiant, a wastewater treatment company, raised $225 million 

  • Zip, an employee spending management startup, raised $100 million 

  • Auradine, a web3 infrastructure startup, raised $81 million 

  • WeFox, a German digital insurer, raised $55 million 

  • OpenEnvoy, a payments automation startup, raised $15 million

A Message from 360 Wall Street: Hottest Stock Ideas Delivered Every Morning

Finding time to research investment opportunities can be challenging. Luckily, there's a solution.

Let 360 Wall Street's expert team handle the research for you. Each day, before the market opens, they reveal the top 3 stocks expected to make significant moves.

Elevate your investing game and gain valuable insights by joining over 100,000 subscribers of 360 Wall Street's newsletter. Best of all, it's free.

3. Top Reads

  • Bankruptcy blitz highlights the end of the easy-money era (Axios)

  • Target expects organized retail crime-fueled losses to jump by $500M this year (CNBC)

  • Don’t swing at the yield curve (WSJ)

  • WeWork CEO stepping down to join private equity firm (CO)

  • 9 questions about the debt ceiling answered (Vox)

  • Senators blame regional bank failures on excessive CEO pay (CNN)

  • The markets still don’t believe the Fed (Axios)

  • Elizabeth Holmes loses bid to avoid prison (CNN)

  • Charting the rise of America’s debt ceiling (VC)

  • Businesses are in for a mighty debt hangover (YF)

4. Book of the Day: The Power of Money

Money permeates our everyday lives—it literally makes the economic world go round—and yet confusion and controversy about money abound.

In The Power of Money, economist Paul Sheard distills what money is, how it comes into existence, and how it interacts with the real economy.

Money issues dominate the news, but economic jargon and the complexity of it all can be bamboozling. Leading economist Paul Sheard is known for his ability to see the forest and the trees and demystify complex economic phenomena.

Financial enthusiasts and non-specialists alike will be surprised by the answers to these questions.

The Power of Money provides a comprehensive foundation of knowledge to help you feel better informed and more confident as you follow and engage in economic and financial affairs and policy debates.

“Money makes the world go ‘round.”

5. Short Squeez Picks

A Message from Babbel: Start Speaking a New Language in 3 Weeks

Spring is almost here, which means it’s time to clean house and set some new travel plans. Take this time to finally treat yourself to learning a new language.

Babbel’s premium, subscription-based platform can help you start speaking in as little as three weeks — in time for your next trip. You can learn through bite-sized lessons, games, podcasts, and live teaching sessions.

6. Daily Visual: The Markets (Still) Don’t Believe the Fed

Probabilities of Fed funds rate at year-end

Source: Axios

7. Daily Acumen

The Eisenhower Matrix, also known as the Urgent-Important Matrix, is a productivity tool that helps prioritize tasks and manage time effectively. It categorizes tasks into four quadrants based on their urgency and importance:

Quadrant 1: Urgent and Important - Tasks that require immediate attention and have significant consequences. These tasks should be addressed as a top priority.

Quadrant 2: Important but Not Urgent - Tasks that are important for long-term goals, personal growth, and proactive planning. These tasks should be prioritized to prevent them from becoming urgent in the future.

Quadrant 3: Urgent but Not Important - Tasks that are urgent but do not contribute significantly to your goals or values. These tasks should be minimized or delegated whenever possible.

Quadrant 4: Not Urgent and Not Important - Tasks that are time-wasters or distractions. These tasks should be avoided or eliminated altogether.

By using the Eisenhower Matrix, you can focus on tasks that truly matter, reduce stress, and increase productivity by allocating your time and energy efficiently.

8. Memes of the Day




🍋 Short Squeez Insiders

Want more Short Squeez? Become an Insider.

You'll unlock a treasure trove of exclusive benefits:

  1. Our top-rated Private Equity Recruiting Course (valued at $1.5k) – taken by 500+ investment bankers & other professionals

  2. Dive deep into various industries and uncover investment opportunities to elevate your portfolio

  3. Gain invaluable insights from Wall Street Insiders as they reveal their investment portfolios, strategies, and top picks in exclusive interviews

  4. Knowledge Drop - weekly alpha-generating newsletter featuring premium research and content, including podcasts, articles, and blogs

  5. Access the Vault, an extensive library of investing and recruiting resources, salary and compensation data, and institutional research—with over 40 new resources added monthly


What'd you think of today's email?

Login or Subscribe to participate in polls.

Join the conversation

or to participate.