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Get alts in your retirement fund |
Announcing our new partnership with Alto. |
Like us here at Alts, our friends at Alto are on a mission to democratize alternative investing. |
Specifically, Alto lets you invest in alternative assets through a retirement account known as an Alto IRA. |
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Alto IRA accounts are charged a simple quarterly Account Fee based on Total Invested Capital. |
Good news: Alts.co subscribers get 50% off Account Fees for the first year. |
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PS — Alto is headquartered in Nashville. If you live in the area, join us for dinner on Thursday, Oct 24 and meet CEO Eric Satz in person. Reply for details. |
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Disclaimer: Private securities involve risk and may result in significant losses. Important disclosures apply. Alto does not provide investment advice. Consult an investment advisor to determine whether an investment is appropriate for your portfolio. |
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📰 Market Headlines |
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US stocks surged Friday, with the Dow hitting a record high after strong jobs data eased recession fears. |
The Dow rose 0.81%; S&P 500 gained 0.90%; Nasdaq jumped 1.22%. Nonfarm payrolls surged by 254,000, nearly double expectations, with unemployment dropping to 4.1%. |
Strong jobs data lowered expectations for aggressive Fed rate cuts, with only an 8% chance of a 50-basis-point cut at the Board’s next meeting. |
The FAA authorized SpaceX's Falcon 9 for an October 7 mission from Cape Canaveral. |
Amazon closed three more of its cashierless Go convenience stores in New York due to high lease costs, leaving only 17 stores across the US. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
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What you had to say: |
“It's a delusional daydream of Elon's that his engineering team will somehow make work. They keep getting updated and upgraded, it'll be fine, once they've gotten past the beta version.” |
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📈 Trends you need to know | | Last week’s report screwed up the three-year trend. |
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🧠 What do you think? |
Saw this today from Yishan, founder of Reddit. |
| By tacking to the right, Elon is opening up a much much larger market than the liberal market that’s already been saturated for years. If his goal was to accelerate the adoption of electric cars across ALL car buyers, abandoning the remaining liberal market to buy from follow-on… x.com/i/web/status/1… | Alan! (o2bnobx on Threads) @o2bnobx Dear Tesla board members: I will never buy a @Tesla, solely because of their CEO. I’m their target demographic. I will buy another electric vehicle. You’re not complying with your fiduciary duty by allowing him to continue as CEO. Pass it on. |
| | | 11:59 PM • Oct 6, 2024 | | | |
| | 167 Likes 3 Retweets | | 36 Replies |
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Is Elon playing 3D chess with Tesla's brand strategy? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Another week of earnings: |
Monday: Duckhorn (NAPA) Tuesday: PepsiCo (PEP) Wednesday: Helene of Troy (HELE) Thursday: Delta Air Lines (DAL), Domino's (DPZ), Tilray (TLRY) Friday: BlackRock (BLK), BNY Mellon (BK), JPMorgan (JPM), Wells Fargo (WFC) |
Market movers |
Boeing and its union are set to resume talks on October 7th to end a strike of 33,000 workers. McLaren unveiled its W1 hybrid hypercar, which is priced at $2.1 million and features a 1,258 hp powertrain and Formula One-inspired technology. Stellantis sued the UAW over strike threats, intensifying ongoing labor disputes. AWS CEO Matt Garman emphasized startup growth and Bedrock platform expansion in generative AI. UniCredit CEO Orcel stated cost cuts in a possible Commerzbank merger would target headquarters. |
Ideas, trends, and analysis |
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🌍 Global Perspectives | | 🇧🇦 Flash floods in Bosnia killed at least 15 people and devastated homes in the Jablanica area. 🇧🇩 Floods in Bangladesh left five dead and stranded over 100,000 people. 🇹🇳 Tunisian President Kais Saied led with 89.2% in exit polls amid low turnout and opposition concerns. 🇳🇱 🇺🇦 The Netherlands pledged €400 million for Ukraine's drone development and promised more F-16s. 🇵🇰 An explosion near Karachi airport killed one and injured 10; a separatist group claimed responsibility. |
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📊 Crypto | | Bitcoin rebounded past $62,000 after a whale moved $3.6 million BTC mined in 2009 to Kraken. US spot Bitcoin ETFs saw $300 million in weekly outflows, ending a three-week inflow trend. EigenLayer investigated a wallet that sold $5.5 million EIGEN tokens, possibly violating lockup rules. Coinbase sought an early appeal in its SEC case after the agency challenged the Ripple ruling. US government moved to seize $2.7 million from North Korean Lazarus Group hacks traced through crypto mixers. | |
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🧠 Errata | A rogue water buffalo roamed an Iowa suburb for days before being tranquilized and “rescued.” Massachusetts Governor Maura Healey saved Nibi, a 2-year-old "diva" beaver, from wild release. A Sinaloa Cartel member sued Diddy in US court, claiming damages to their drug business. An Australian couple reunited with their wedding video after 57 years, thanks to a Facebook post. |
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📺 What to Watch Today |
| Social media helps reunite Australian couple with long-lost wedding video |
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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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