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🔔 After The Opening Bell |
🐂 A great week for investors has continued in this morning’s trading… |
The S&P 500 ( $SPX ( ▲ 0.66% ) ) opens up green again today, up another 0.60%+ in the last 24 hours and more than 3.5% on the week, hitting new record highs. In Crypto $BTC ( ▼ 0.36% ) continues up to start the day and is up over 3% on the week thanks to positive sentiment and news around deregulation as well as impending government/banking reserves and transactions.
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We will go deeper into these areas in today’s newsletter and make sure you are as informed as possible going into today’s trading. |
First, we have a quick message from Doriot, which has a platform that allows investors to get access to investments in private businesses, which can have significant upside. Their VentureStaking™ solution minimizes your investment downside, but investing in private businesses carry risks you should consider, mostly around liquidity. After that, we’ll get into today’s key numbers and major market headlines… |
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Introducing VentureStaking™ |
Own the option to invest in tomorrow’s unicorns. |
What if you could invest in the world’s best startups with 90% less risk than the traditional VC model? |
That’s the promise behind VentureStaking™ — a patent-pending model from Doriot. |
It’s like buying call options on founders’ ambition. |
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VentureStaking™ is an innovative new concept that grants you the right to invest in a startup later. |
The platform has not launched yet |
You cannot sign up for an account or start investing yet. What you can do today is purchase a VentureStake™ in Doriot itself, betting on founder Gerry Hays’ ambition to make venture universally accessible and winnable. |
In other words, Doriot is the first startup to launch a VentureStaking™ round. |
How it works |
Buy a VentureStake™ in Doriot today ($10 —$1,000) and lock in a guaranteed allocation in future equity rounds at 10x your stake. You risk 10% upfront, holding back 90% to wait, watch, and choose whether to keep betting — just like poker.
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Express interest + ask questions |
Clicking the button below will: |
Take you to an Expression of Interest form Give Doriot permission to email you
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Express interest in VentureStaking™ → |
Both accredited and non-accredited investors OK. |
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📰 Market Headlines |
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Stocks rallied near records on Thursday, with the S&P 500 and Nasdaq closing just shy of record highs on renewed market interest following cooled tensions in the Middle East. |
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The US dollar slid to its lowest level since April 2022. Treasury yields dropped, with the 10-year yield falling to 4.25%. |
Core Scientific (CORZ) spiked 33% on news that Nvidia-backed CoreWeave was in talks to acquire the company. |
Jobless claims hit 1.974 million for the week ending June 14, the highest since 2021. Markets are now pricing in a 92% chance of a rate cut by September. |
US Treasury Secretary Scott Bessent requested the removal of a tax proposal from the budget bill that would have allowed retaliation against countries imposing digital service taxes. |
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😱 Fear and Greed Index |
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🧠 Make yourself heard |
Will Bitcoin Set A New Record High In July?Current Price: $107.5k, Record High: $111.9k |
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🤖 AI/Future/Tech News |
Meta hired Trapit Bansal from OpenAI to lead the development of its AI reasoning models. Microsoft replaced the Blue Screen of Death in Windows 11 with a black version that lists stop codes and faulty drivers. Oculus co-founder Nate Mitchell joined Sesame, the smart glasses startup led by Brendan Iribe, as Chief Product Officer. AI-generated images are flooding plant communities, scamming buyers with impossible colors and fake seeds.
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🪙 Crypto | Bitcoin ETFs' 12-day streak of net inflows racked up $3.9 billion as BTC climbed to $107,000+ on US dollar weakness. US federal mortgage regulator FHFA announced it will study how cryptocurrency holdings could help qualify borrowers for home loans. Ripple integrated Wormhole with XRP Ledger to enable friction-free movement of crypto assets across Ethereum, Solana, Avalanche, and 30+ other networks. The House passed HB 1664, designating the Commerce Department as the lead federal blockchain coordinator to develop policy recommendations. FBI arrested and indicted British national Kai West in France, known as "IntelBroker," for selling stolen data on cybercrime forums.
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⚔️ Trade wars |
China booked its first bulk soymeal cargo from Argentina since 2019, purchasing 30,000 metric tons at $360 per ton to guard against US tariff disruptions. India resisted US pressure to cut tariffs without reciprocal commitments, holding firm on its 26% retaliatory duties. The US and Mexico are fine-tuning a quota-based deal to ease 50% steel tariffs.
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📈 AltIndex’s AI Algorithm’s Top Picks |
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AltIndex sees $ALAB ( ▼ 5.97% ) , $LLY ( ▼ 0.97% ) , $AGI ( ▼ 2.26% ) , $ALAB ( ▼ 5.97% ) , and $CTLP ( ▲ 0.05% ) showing signals that indicate high likelihood of growth in the short to mid term. AltIndex’s AI algorithm sees a lot of strong signs in the 100+ alternative data points it tracks including financials, insider buying activity, employee satisfaction, audience growth, job postings and sentiment on social media. Do your own research and consider whether you think the alternative data signals are compelling, and if these stocks may be a value opportunity. Sign up with AltIndex to help find opportunities and entry points for your own research, this is not investment advice.
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🌍 International Markets | | 🇷🇺 Russian banking officials sounded the alarm on a looming debt crisis, warning of a credible risk of a systemic banking crisis within the next 12 months. 🇦🇪 The UAE awarded an estimated $31 billion in construction projects so far this year, surpassing Saudi Arabia at $20.6 billion. 🇬🇧 The British pound rallied to its highest level against the US dollar in nearly four years, hitting $1.3736. 🇳🇬 Nigerian Central Bank Governor Olayemi Cardoso unveiled plans to diversify foreign reserves and quickly reduce dependency on the US dollar.
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🎤 What you said last time |
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🚚 Market movers |
Tesla's vice president of manufacturing and operations was sacked by Elon Musk following car sales declines in key markets. Salesforce CEO Marc Benioff said AI now handles 30-50% of work, putting its 76,000+ staff at risk after 1,000 layoffs in February. Nike's Q4 sales sank 12% to $11.1 billion, but still beat analyst expectations. Profit collapsed to $211 million from $1.5 billion a year earlier. Trump Mobile quietly scrubbed "Made in the USA" claims from its $499 smartphone listing, replacing it with "brought to life right here in the USA." Rivian slashed 140 roles (1% of workforce) from its manufacturing team as it prepares for its more affordable R2 SUV launch in 2026. Waymo rolled out its robotaxis to Atlanta through an Uber tie-up, allowing riders to travel across 65 square miles of the city.
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📊 Earnings this week |
McCormick & Company beat Q2 estimates with net sales of 1.66 billion and adjusted EPS of 69 cents; shares soared over 5%. Nike Q4 sales dropped 12% to $11.1 billion, topping forecasts, but profit collapsed to $211 million; shares still climbed 2.8% Walgreens Boots Alliance posted a $175 million net loss for Q3 after being acquired by Sycamore; shares climbed 0.6%.
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📢 We want to hear from you |
We love hearing from you, and we deeply appreciate your feedback. |
⭐️ What did you think of today's edition? |
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📺 What to watch today |
 | Bear on runway halts flights at Japanese airport |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, Brandon with Stefan & Wyatt |
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