|
|
|
|
Traditional finance 🤝 Tokenization |
In our previous explorations of the benefits and pitfalls of tokenization, three things have become clear: |
Traditional markets have limitations which tokenization can solve Tokenization is earning trust and respect (Blackrock just changed their mind on it) There are companies to pay attention to |
One company to watch is Diamond Lake Minerals ($DLMI). |
They started in 1954, but are now tokenizing assets across commercial real estate, music, tv, media, and IP, consumer products |
| DLMI creates SEC-registered tokenized securities. |
|
How it works: |
Their Security Token Offerings (STOs) allow for real-time settlements and improved transparency. DLMI ensures that all investments are conducted on SEC-regulated platforms making it a safe and compliant way to enter the world of digital securities. Investors can take advantage of tokenized assets and fixed-rate bonds, providing monthly payments or compounding interest. |
Recent news: |
New CEO Brian Esposito took over Aug 23 and has lifted the stock from $0.35 to a high of $13 Invested in Upstream: their own licensed digital asset/security token exchange Partnered with Republic, Colliers, and Boxabl |
| DLMI's advisors include Anthony Scaramucci ("The Mooch"), Larry Namer, and Raul Leal |
|
DLMI is a publicly-traded security. Accredited and non-accredited investors can invest. |
Learn more: |
DLMI Teaser DLMI Deck |
Have a question for CEO Brian Esposito? |
|
Safe Harbor Statement |
|
📰 Market Headlines |
|
S&P 500 and Dow hit fresh records as China's stimulus boost outweighed weak US consumer confidence. The S&P 500 rose 0.25%, its 41st record close of the year, while the Dow gained 0.1% to a record 42,208.41. The Justice Department sued Visa for alleged antitrust violations, accusing the company of suppressing competition. Former President Donald Trump pledged tax breaks and lax regulations for companies that relocate manufacturing to the US if he wins in November. Caroline Ellison was sentenced to two years in prison and ordered to forfeit $11 billion for her role in the FTX fraud case. |
|
🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
|
😱 Fear and Greed Index |
|
|
🎤 What you said last time |
|
What you had to say: |
“I legitimately thought they were long gone, though I have some fond memories of scouring the video game section of the local one before they closed up shop when I was about 10.” |
📈 Trends you need to know | | Consumer confidence tumbled. | Notable - Americans are terrible at predicting the future. |
|
|
|
🧠 What do you think? |
|
In four years, things will be |
|
|
📊 Stocks |
|
|
Winners and losers |
Earnings, upgrades, and acquisitions |
AutoZone reported Q4 earnings of $51.58 per share, missing estimates; shares fell 2.7%. Worthington Industries missed Q1 EPS estimates by 23 cents and shares fell 1.5%. Stitch Fix posted Q4 losses of 29 cents per share, wider than expected as shares plummeted 19.15%. KB Home missed Q3 EPS estimates by 2 cents; shares went up 6.5%. Thor Industries beat Q4 earnings estimates but projected well below the analyst estimate and shares dropped 2.97%. |
Market movers |
The US FTC fined Invitation Homes $48 million for charging undisclosed fees to renters between 2021 and 2023. The Teamsters Union secured a new four-year contract with BorgWarner, including a 21% wage increase and $5,500 ratification bonus. Microsoft announced a $1.3 billion investment in Mexico over three years to boost cloud and AI infrastructure. OpenAI rolled out Advanced Voice Mode to more ChatGPT users, adding five new voices and improved accent recognition. |
Ideas, trends, and analysis |
|
|
US consumer confidence tumbled to 98.7 in September from 105.6 in August, marking the largest monthly decline since August 2021. Data center power use is expected to reach about 9% of all US electricity by 2030. China's Gen Z is embracing high-quality dupes as searches for replica goods have tripled since 2022. US homebuyers gained additional spending power as mortgage rates dropped to 6.2%. |
|
|
|
|
🌍 Global Perspectives | | 🇨🇳 China's central bank unveiled a major stimulus package, including lowering borrowing costs and allowing banks to increase lending. 🇺🇦 🇷🇺 Russia struck an apartment block in Ukraine's Kharkiv with guided bombs, killing three and injuring 31. 🇲🇽 Tropical Storm John lashed Mexico's southern Pacific coast, causing two deaths in a mudslide and threatening dangerous flooding. 🇨🇩 The Democratic Republic of Congo freed 1,685 "seriously ill" inmates from the notorious Makala Prison to tackle overcrowding. |
|
|
|
📊 Crypto | | SEC settled charges against TrueCoin and TrustToken for unregistered sales of TrueUSD stablecoin. Circle unveiled a new compliance tool for programmable wallets. | |
|
|
|
🧠 Errata | MrBeast, YouTube's biggest star, now faces a 54-page lawsuit. Two Russian cosmonauts broke the record for the longest stay on the ISS at 374 days. Scientists spotted 82 endangered North Atlantic right whales in an unusual location off New York. A passenger was killed when a horse smashed through their windshield. |
|
|
|
📺 What to Watch Today |
| Endangered whales swimming off New York coast has scientists concerned |
|
|
That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
|
|
|
|
|
