Kim Kahn

as an anti-monopoly nightmare.

Warren added that both the Department of Justice and CFIUS must evaluate any Warner Bros.

deal based on the law and the facts, not on who sucked up the most to Donald Trump.

And a quirky new paper from HKU Business School suggests Wall Street may literally lose sleep over big streaming releases.

Researchers found that when a major show drops at midnight, think Wednesday or Stranger Things, next day market returns slip about 0.25%.

Over a year, that adds up to roughly a 2.3% drag.

And it's not retail investors driving the slump.

The effect shows up in large-cap, institutionally-owned stocks, implying that even pros are stumbling into work a little bleary-eyed.

Sleep-deprived investors tend to default to their easier choice, selling, and avoid the cognitively demanding work of buying.

The usual daylight savings time story doesn't hold up here.

The binge-worthy proxy explains returns far better.

Importantly, liquidity doesn't change.

Volume, spreads, odd lots, algos, all steady.

The pressure comes from tired institutional sellers, not retail traders stepping back.

And prices don't meaningfully bounce in the days that follow.

One kicker, when the VIX is already elevated, the binge hangover effect gets even worse.

Now here's what's trending on Seeking Alpha.

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And Michael Burry says a Fannie Mae Freddie Mac relisting is nearly upon us.