Nasdaq with a textbook rejection off the 3-year trendline ๐จ๐จ Each of the prior rejections led to an eventual drop all the way down to the 200-day moving average ๐๐
Clubbing is dead and has been replaced by fitness & wellness.
Ppl used to party to socialize and date but now they do things like HYROX, bathhouses, and running raves.
The death of clubbing is something to be studied:
โ US has lost 12% of its nightclubs in the last 24 months
โ 25% of US adults didnโt drink at all last year
โ Gen Z drinks 30% less than Millennials did at the same age
On the flip side:
โ According to Strava, the number of running clubs recorded on the platform increased 3.5x in 2025
โ 72% of Gen Z go to run clubs to meet new people
โ Sauna and spa market: $11.8B โ $22.4B by 2034
The post-alcohol economy is gonna be a massive category.