A LOOK AT THE MARKETS

The stock market is a bit like a yo-yo; it drops down, it goes up and historically it has always ended up higher than its last trip down and up the rope. It roared back at the close of trading today, 5/4, with the S&P500 up 3%.

We’ve been looking at market developments in entertainment and tech, with inflation an ongoing concern amid a prolonged war in Ukraine.

We found it quite interesting, especially given Live Nation’s forthcoming earnings report and incredible stock growth in the past few years and UMG’s milestone public listing and announcement of huge earnings this week, along with the highs and lows of some other key companies.

We thought you’d be interested as well. So let’s consider the following the beginning of an industrywide entertainment stock-tracking graph.

Of particular note is Michael Rapino’s move to buy back $1m in Live Nation stock in March 2020 and the fact that it has nearly tripled since. And while volatility persists with many of the other companies we're tracking, this moment may just signal a viable opportunity to “buy the dip.”

We think our findings are informative and somewhat attractively presented. We hope you do, too.