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| | ICONOMI: Master your crypto strategy | | ICONOMI is a platform that lets investors investors maximize their returns through crypto strategies or portfolios. | You can browse through hundreds of investment strategies and copy what expert investors are doing. These include index portfolios, discretionarily managed portfolios and quant portfolios. | | ICONOMI has one of the longest-standing public crypto index portfolios, running since 2017. It's perfect for crypto beginners and those who don't have the time or skillset to outperform the market. |
| How ICONOMI works: | Browse strategies: Explore strategies created by seasoned asset managers who curate diversified crypto portfolios. Invest: Invest across a diversified range of strategies to spread risk and increase potential returns. Automate: Set up automated portfolio rebalancing to maintain your desired allocation without constant monitoring Easy portfolio management: Create and manage diversified crypto portfolios effortlessly. Manage your investments from anywhere, at any time. ICONOMI’s user-friendly platform is designed for both beginners and experienced investors. Security: ICONOMI employs robust security measures to protect your investments and give you peace of mind. | Take control of your crypto investments with expertly managed strategies. | Create an account with ICONOMI to explore them all. | Don't invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 min to learn more: https://www.iconomi.com/risks-disclosure | | 📰 Market Headlines | | The Nasdaq and S&P 500 rallied to record-high closes on Wednesday, fueled by gains in Nvidia and other heavyweights ahead of inflation data and earnings reports. The S&P 500 crossed 5,600 for the first time after Federal Reserve Chair Jerome Powell stoked expectations for an interest-rate cut in September. HubSpot shares plunged 12% after a report said Alphabet isn't buying the software company. Today’s inflation report may solidify expectations for Fed rate cuts. CPI is expected to rise 0.1% month over month. Elon Musk said Neuralink hopes to implant its system in a second human patient within "the next week or so." The Federal Trade Commission plans to sue three large US health companies, arguing their tactics inflate drug prices. |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | You guys are boring. | | | 📈 Trends you need to know | | While the vibe is that inflation keeps coming down, it’s basically been flat for the last year or so. |
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| | 🧠 What do you think? | The nerds say CPI will print 3.1% YoY | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Manchester United shares traded 4.39% higher despite a 19.6% Q3 sales plunge and missing EPS estimates. PriceSmart shares soared 8.55% after Q3 sales jumped 11.6%. WD-40 shares gained 11% after beating Q3 expectations, surpassing forecasts. | | Market movers | Microsoft settled an antitrust complaint with a European cloud computing group for $22 million, avoiding an EU fine. The NBA finalized a massive $76 billion broadcasting deal with Disney, Amazon, and Comcast, tripling the value of its current agreements. Samsung revealed new devices, including foldable phones, smartwatches, and smart rings, all of which depend on its new Galaxy AI platform. AMD announced it will acquire European AI startup Silo AI for $665 million to compete with Nvidia in the booming AI chip market. Intuit announced layoffs for 1,800 employees, 10% of its workforce, as part of a strategic shift towards AI but plans overall headcount growth. | Ideas, trends, and analysis |
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| US retailers like Walmart and Target have launched back-to-school promotions earlier to capture dollars before Amazon's Prime Day. UK wages grew twice as fast as Europe and the US in June due to a 9.8% National Living Wage increase. The share of people with medical debt in collections has fallen, but median medical debt increased to $1,493 in 2023. Montgomery County, Maryland's business growth has lagged the DC region since 2008, suggesting it's less attractive for startups. |
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| | | | 🌍 Global Perspectives | 🇺🇦 The NATO summit agreed that Ukraine is on an “irreversible path” towards membership, contingent on the end of the war with Russia. 🇮🇳 Traffic in Mumbai will literally stop for the four-day extravaganza wedding of billionaire Mukesh Ambani's youngest son. 🇷🇺 🇺🇦 Russia engaged in a "bold" sabotage operation across NATO states, targeting weapons supply lines for Ukraine. 🇺🇸 An exiled Chinese businessman stole millions from online followers through bogus investment schemes, a US prosecutor alleged. 🇯🇵 Japan's wholesale inflation accelerated in June as the yen's decline pushed up raw material import costs. 🇦🇷 Argentina's salt flats are gaining attention as Eramet's innovative lithium extraction technique attracts global interest. |
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| | 📊 Crypto | | Bitwise CCO says Ethereum ETFs are "close to the finish line," but other crypto funds may take longer for SEC approval. Crypto investment firm Hypersphere unveiled a $130M market fund staffed by Millennium and Bridgewater alums. Goldman Sachs announced plans to launch three tokenization projects by year-end, citing renewed momentum and client interest. Mt. Gox repayments have shaken the crypto market, with 47,288 BTC moved and 140,000 BTC to be returned. | |
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| | 🧠 Errata | Rising bird flu in US cattle could be a "dangerous" step toward a human outbreak. The Coast Guard rescued five people clinging to a cooler in Lake Erie after a wave hit their boat. A Spanish tourist was trampled to death by elephants in South Africa after leaving his car for pictures. NASA's first year-long mock Mars mission ended after 378 days in a simulated habitat. |
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| | 📺 What to Watch Today | | 5 people found clinging to cooler 10 miles off coast in Lake Erie after boat ‘swamped’ by wave |
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| | That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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