| | *past 24-hour performance |
| 💨 TL;DR | Markets were higher yesterday, led by tech stocks. Treasury yields dipped. More data showing younger Americans are in trouble. Asian shares climbed to fresh two-month highs. Elon’s suing, but he probably doesn’t have a case. Microsoft surged on the Sam Altman aqui-hire | 📰 Market Headlines | Stocks broadly drifted higher throughout the day before they took a turn upward in the afternoon when yields fell in the bond market following an auction of Treasurys. Despite Fed officials saying they may keep rates “higher for longer,” traders think the first rate cut could happen by March. Ten-year Treasury yields dipped to 4.40% from 4.44% late Friday. The two-year yield slipped to 4.89% from 4.90%. Oil futures fell today ahead of an OPEC+ meeting Sunday. An unprecedented number of young Americans are applying for credit card rate increases. Elon Musk’s X, formerly Twitter, has filed a lawsuit alleging defamation by a news organization over claims that major companies had ads appear next to antisemitic content. But the suit appears to confirm the very thing it claims is defamatory. Blackstone plans to close a fund that exposes investors to a variety of hedge funds and trading strategies after assets fell almost 90% in four years | | 🧠 What do you think? | | | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Brought to you by Kalshi, our favorite prediction market. Get $25 with this link. | The global agricultural tractors market is forecast to rise from $80 billion in 2021 to $118.37 billion in 2031. | 😱 Fear and Greed Index | | 🎤 What you said | Mixed results yesterday, but nearly 2/3 of you expect a recession in 2024. |
|
| | Yes, winter is coming | “In 2024 … might be a bit early. More than likely, no recession will be acknowledged & the markets will not only be volatile but polarise between winners and losers with nothing much in the middle ground. ie very high PEs & very low PEs causing a lot of index and sector confusion. Finally, a blood bath as the credit debt cycles implode” | | A golden moment for private credit 🤝 | The most interesting thing about the private credit market is what’s happening today. | The market is opening up to ordinary retail investors for the first time ever. It's a golden moment. | Percent is the only platform exclusively dedicated to private credit. They provide accredited investors access to a wide variety of high-yield, short-duration offerings (9-month average). | These shorter-term investments are more responsive to current market conditions and interest rates. This means you can regularly calibrate your investments to meet your needs. | Get as much as 20% APY and more (That’s high) Investment minimums as low as $500 (That’s low) Swaggy readers can earn up to a $500 bonus with their first investment (Neat) | | PS - Check out this guide to investing in private credit: How to analyze risk & reward in alternative lending. This is smart, in-depth stuff. Check it out. | SPONSOR |
|
| | 📊 Stocks | | Brought to you by our friends at Public.com, my favorite online broker. | Winners and losers | Microsoft rose 2.1% after saying it was hiring Sam Altman. Nvidia, which rose 2.3% yesterday, reports earnings today. Analysts expect it to 4x EPS YoY and to increase revenue to nearly $16.2 billion from less than $6 billion. UnitedHealth was caught using faulty AI to deny necessary coverage. Zoom beat earnings slightly and increased guidance. Monday crushed earnings and raised estimates again. Warehouse automation company Symbotic reported record revenue and improved margins. Shares jumped 20%. Toyota was fined $60 million for refusing to let buyers cancel product bundles. Honda is recalling 250k vehicles over potential engine issues. | Ideas & Analysis | The case against shorting Intel. It’s been 500 days since the S&P 500 hit a new high. How to use equity options to hedge (instead of speculate). Just 86 stocks accounted for half of all wealth creation in the U.S. stock market going back to 1926. | Seven Nasdaq 100 companies have made up the vast majority of the index’s gains this year. Public lets you invest in all of them at once with their Magnificent Seven plan. | | | | | | | | | | | | 📺 What to Watch Today | | How Snake Venom Is Collected To Make Life-Saving Medicine | Big Business | Business Insider |
|
| | 📈 Trends you need to know | Brought to you by our friends at Glimpse, my favorite way to spot trends. | |
|
| OpenAI’s ChatGPT has dominated Microsoft Copilot for the last year, but that could be changing. |
|
| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
|
| | Notes | Please read this disclaimer. The authors of Alt Assets, Inc. are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content should not be taken as professional advice. They are self-taught accredited investors, sharing information, research, entertainment and lessons learned based solely on their own experience and circumstances. Individual results may vary. The published content is unique, based on certain assumptions and market conditions at the time of publishing, and is intended to serve solely as research, not financial advice. For entertainment purposes only. Not investment advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several, or all of the alternative asset classes that Alt Assets, Inc. publishes content about on its site. Any of the Fund’s investments that have positive designations on the Alt Assets, Inc. site are purely coincidental, as the Fund is actively managed and guided by its own investment parameters, as summarized in the relevant private placement memorandum. Alternative investing involves a high degree of risk, including complete loss of principal and is not suitable for all investors. Past performance does not guarantee future results. The newsletter may contain affiliate links, meaning that Alts.co and its associated entities may receive compensation for referring customers to the noted companies. We recommend seeking the advice of a financial professional before you make any investment in an alternative asset class or any associated entities, and we accept no liability whatsoever for any loss or damage you may incur. |
|
| | |
|
