| Who still collects stamps? The answer might surprise you. |
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| | | Adios, Mexico 👋 Next up: Nashville | Here at Alts, our investing journey leads us to some interesting places. One of the ways we explore new investing ideas is through our investor trips. | In February, we did our first trip to Mexico, and it was a huge success. | So this October, we’re doing our second trip: A music-themed investing journey to Nashville 🎶 | | Join our next investor trip to Nashville, Oct 21-25 |
| This will be an all-inclusive trip of a lifetime. We've got terrific industry speakers joining, including the legendary Scott Cohen, who co-founded The Orchard & sold it to Sony for half a billion dollars (!) | More about Alts Investor Trips: | Apply to join us in Nashville 🎸 (Stocks & Income readers get a 30% discount) Read a recap of our trip to Mexico 🇲🇽 Get on the waitlist for our next upcoming trips | | (Two spots left!) | | 📰 Market Headlines | | The Dow notched another record high as investors shrugged off Nvidia's post-earnings slide. The blue-chip index rose 200 points to its third all-time high this week. The S&P 500 stayed flat, while Nasdaq dipped 0.2%. Nvidia shares fell around 6% despite beating estimates, as Q2 GDP growth was revised up to 3%. US GDP grew faster than initial estimates in Q2, expanding at a 3% annual rate. A federal appeals court ordered General Motors to face a class action claiming it knowingly sold vehicles with faulty transmissions. |
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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 | | What you had to say: | “Wishful thinking, maybe” | 📈 Trends you need to know | | More people are looking for jobs today than at any time in the last decade. |
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| | 🧠 What do you think? | Best baseball movie ever?Bonus points for getting each emoji reference. | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Lululemon beat EPS estimates, pushing shares up 2%. Campbell Soup reported Q4 estimates beat; shares added 1.6%. Dell rose 3% after raising its annual revenue forecast. Burlington Stores doubled its profit from last year, causing shares to surge 5%. Ulta Beauty fell 7% after reportedly missing Q2 earnings and estimates. Dollar General cut its outlook; shares plummeted 32%. Best Buy beat Q2 earnings and revenue estimates, launching shares up 15%. Gap beat Q2 earnings and revenue estimates; shares rose 2%. American Eagle Outfitters grew 4% after posting record Q2 revenue. | Market movers | OpenAI and Anthropic signed US government deals for early AI model access and testing. Texas selected 17 gas-fired power projects, totaling 10,000 megawatts, for $5.38 billion in funding to bolster the power grid. Indian regulators greenlit an $8.5 billion Disney-Reliance merger. X briefly blocked NPR links, later correcting it as a "false positive." Nasdaq Futures settled CFTC charges for $22 million over undisclosed trader incentives. | Ideas, trends, and analysis |
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| | | | | 🌍 Global Perspectives | 🇹🇼 Taiwan delivered 400 protective gear kits to Haiti's police and army, totaling 800 in two years. 🇮🇱 🇵🇸 Israel and Hamas agreed to three separate three-day ceasefires to allow polio vaccinations in Gaza. 🇩🇪 Germany's Sahra Wagenknecht Alliance leader was attacked with pink paint at a Thuringia rally. 🇳🇮 Nicaragua banned 169 more NGOs, including Save The Children Canada, bringing the total closures to over 4,000. 🇺🇦 Ukraine lost its first F-16 in a crash during a Russian attack, killing the pilot. 🇾🇪 Floods in Yemen killed 33 and damaged over 200 homes after a dam collapse. 🇧🇷 A Brazilian judge blocked Starlink's financial accounts during a legal dispute over X's representation in the country. |
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| | 📊 Crypto | | Bridge raised $58 million from Sequoia and Ribbit to develop stablecoin orchestration services. Time.fun secured $3 million in seed funding from Brevan Howard Digital for its Base-built tokenization platform. Polymarket bettors lost $270,000 after Telegram CEO Pavel Durov's early release from French custody. | |
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| | 🧠 Errata | A hiker was allegedly stranded by his co-workers on a Colorado mountain — a team-building exercise gone awry. Massachusetts confirmed its second human case of mosquito-borne EEE this year. An SUV in Seoul was swallowed whole by a sinkhole, injuring two occupants. A small plane made an emergency landing on a North Carolina highway and then got smacked by a car. |
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| | 📺 What to Watch Today | | Plane makes emergency landing on Greensboro highway |
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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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