| | *past 24-hour performance |
| | π° Market Headlines | US markets dipped for the first time in ten weeks last week, which has sent Asian markets tumbling this morning. US futures are lower as well. The US launched its first lunar lander in 50 years this morning. Saudi Arabia has been forced to cut the price of oil to keep pace with other producers. Oils prices tumbled nearly 1%. Congress has reached a spending deal, avoiding a government shutdown later this month. CPI and PPI reports are due Thursday and Friday, respectively. |
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| | πΆοΈ Market Vibes | π° Market Forecasts and Futures | Thereβs a wide variance between the Kalshi markets and the CME prediction tool. If you think the pros have it right, you can get $25 to play around with on Kalshi. | | π± Fear and Greed Index | | | π§ What do you think? | Do you want to see updated US presidential election odds in this newsletter? | |
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| π€ What you said last time | Only half of you were actually working last week. Letβs go! |
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| | | π Stocks | | Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathawayβs portfolio with just a few clicks. | Winners and losers | Earnings, upgrades, and acquisitions | Earnings season kicks off this week with notable reports from JPM, BAC, BLK, C, DAL, and lots more. Merck is looking to acquire Harpoon Therapeutics for around $700 million. | Market movers | Boeing has grounded 170 737 Max 9 planes after a window fell out of a plane mid-flight. Shares are in free fall. Audacity, a Philadelphia-based broadcaster that owns around 230 radio stations, has filed for bankruptcy, citing declining ad revenue. China Evergrandeβs Vice Chairman was detained. Shared plunged 23%. Chinese βwealth managerβ Zhongzhi, which had significant exposure to property markets, has gone bankrupt. Thanks to the Stanley Cups insanity, Stanleyβs annual sales in 2023 could top $750 million. China sanctioned five US defense companies in response to Washingtonβs arms sales to Taiwan. Nintendo is expected to launch the βSwitch 2β console this year. A number of recalled-and-fixed breathing devices from Phillips may still pose dangerous problems. | Ideas, trends, and analysis |
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| Why are analysts so much more doveish on rate cuts than the Fed itself? The bull case for GOOG, NVDA, and LOW. Will Elonβs (alleged) drug use hurt Tesla? Apple spent nearly $30 billion on R&D last year. What are they working on? |
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| | | | π Crypto | | Two Coinbase execs dumped shares last week. Bitcoin rallied back above $44k after profit-taking last week. |
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| | π Global Perspectives | π¨π³ Chinaβs economy is a mess. Why arenβt firms going under? | πͺπΊ Euro area retail sales declined 0.3% while inflation cooled more than expected. | π¨π³ Chinaβs approach to fixing its economy could cause a trade war. | πΈπͺπΊπ¦ Sweden says supporting Ukraine is its top foreign policy priority. |
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| | π Wealth Watch | Nearly half of Americans carry credit card debt, up 10% from 2021. |
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| | π³οΈ Outside the Box | Americans are discovering the joy of a true pint of beer. WTF are Stanley Cups, and why are they so popular? |
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| | πΊ What to Watch Today | | New Stanley cups spark chaos at Target, selling out in minutes |
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| | π Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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| Will this ridiculous trend move markets? |
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| | Thatβs all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
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