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Let’s talk markets. Specifically, let’s talk about what just went down (literally) in the Nasdaq this week. If you’ve been paying attention—or maybe even if you haven’t—it’s gotten pretty ugly pretty fast. I even tweeted something about it: Markets take the stairs up
The drop happened fast! If you blinked sometime in February, you might’ve missed that we were at new all-time highs. Now? We're in full correction territory. Just yesterday, the S&P 500 fell more 2%, and now close to 10% in less than a month. Not
Did you know that 56% of Wisconsin’s agricultural exports could be impacted by tariffs from Canada, Mexico, and China? Wisconsin now represents the 11th largest exporter of agricultural products in the U.S., up from 13th in 2023 (WI DATCP). In 2024, Wisconsin’s agricultural exports reached $3.97
So, here’s something no one seems to be making a big deal about: tariffs are rising fast, and they’re dragging the US economy down. You won’t hear much about it in the headlines, but the effects could start to pile up. Higher prices, weaker growth, and more
In the past year, gold has been steadily climbing, central banks have been buying at record levels, and the macro setup could be pointing to its biggest move in decades. But, it doesn't seem like investors aren’t paying attention. Stocks dominate the headlines, and gold still carries
Nike’s latest gamble isn’t on a new sneaker—it’s on a guy who started at the very bottom.
Elliott Hill’s journey from intern to CEO is a rare feat, and Nike’s betting big that his return can help the brand find its footing again. Or maybe it’s a risky move, considering today’s obsession with fresh perspectives and job-hopping. Let’s break down why Nike thinks promoting from within is the right move right now.
Elliott Hill: From Intern to CEO
Hill’s story at Nike began in 1988 as an intern. Through persistence and a knack for seizing opportunities, he climbed the ladder over three decades, ultimately becoming the president of consumer and marketplace. After four years of retirement, Hill is now stepping into the CEO role.
His journey is unusual—most companies these days hire outsiders for a reason. Nike, however, is doubling down on someone who knows the brand's culture inside out.
Nike’s Strategic Shift
Nike’s decision to bring back Hill signals a strategic shift toward continuity and loyalty. Hill isn’t just familiar with the brand—he’s part of its DNA. He understands Nike’s culture and ethos, not just its metrics.
While the trend is to bring in external leaders to shake things up, Nike is doing the opposite. Hill’s deep knowledge of the brand is seen as a major advantage in stabilizing the company and getting back on track. But will this insider knowledge be enough to tackle market challenges? Time will tell.
The Value—and Risk—of Staying Inside
Hill’s long history with Nike means he knows what’s worked in the past. But that same familiarity can be a limitation. Insiders aren’t always inclined to make big changes, and sometimes fresh eyes are exactly what’s needed. Nike is betting that Hill’s extensive experience will provide stability, but there’s a risk it could also lead to sticking with the status quo.
What the Numbers Say
Since Hill’s announcement, market sentiment has reflected cautious optimism. Nike’s stock price showed modest growth, signaling investor confidence in someone who knows the company well. But whether this familiarity will translate into long-term gains remains to be seen.
Analysis and Insights
In a world where job-hopping is king, Nike is making a different kind of bet—one on loyalty and deep-rooted knowledge. Instead of a disruptive newcomer, they’ve chosen someone whose history with Nike spans decades. Hill’s return aims to restore confidence in Nike’s heritage and reconnect with what made the brand a global powerhouse in the first place.