๐Ÿ›ฌ Another (economic) crash landing for Boeing

โ›ฝ Plus, why do energy commodities suck so much in 2024?

How is AI impacting music investing? Weโ€™re going to find out.

Traditional finance ๐Ÿค Tokenization

In our previous explorations of the โ€‹benefits and pitfalls of tokenizationโ€‹, three things have become clear:

  1. Traditional markets have limitations which tokenization can solve

  2. Tokenization is earning trust and respect (Blackrock just โ€‹changed their mindโ€‹ on it)

  3. There are companies to pay attention to

One company to watch is โ€‹Diamond Lake Mineralsโ€‹ ($DLMI).

They started in 1954, but are now tokenizing assets across commercial real estate, music, tv, media, and IP, consumer products

DLMI creates SEC-registered tokenized securities.

How it works:

  • Their Security Token Offerings (STOs) allow for real-time settlements and improved transparency.

  • DLMI ensures that all investments are conducted on SEC-regulated platforms making it a safe and compliant way to enter the world of digital securities.

  • Investors can take advantage of tokenized assets and fixed-rate bonds, providing monthly payments or compounding interest.

Recent news:

DLMI's advisors include Anthony Scaramucci ("The Mooch"), Larry Namer, and Raul Leal

DLMI is a publicly-traded security. Accredited and non-accredited investors can invest.

Learn more:

Have a question for CEO Brian Esposito?

๐Ÿ“ฐ Market Headlines

  • The Fed's rate cut aftermath takes center stage as markets brace for GDP and inflation reports.

    • The S&P 500, Dow, and Nasdaq all gained over 1.4% last week, with the S&P 500 hitting a new all-time high.

    • Thursday's Q2 GDP reading and Friday's PCE inflation data will gauge the strength of Powell's economic outlook.

  • California Governor Gavin Newsom signed a law banning plastic grocery bags starting in 2026.

  • Boeing machinistsโ€™ strike entered week two, costing the company $50 million a day.

  • Cards Against Humanity sued SpaceX for $15 million over trespassing allegations.

๐Ÿ•ถ๏ธ Market Vibes

๐ŸŽฐ Market Forecasts and Futures

Forecasts via โ€‹Kalshiโ€‹, the prediction market.

๐Ÿ˜ฑ Fear and Greed Index

๐ŸŽค What you said last time

What you had to say:

โ€œA stock based on personality instead of income, assets held, or other unique proprietary holdings is bound to fail.โ€

๐Ÿ“ˆ Trends you need to know

Itโ€™s been an awful year for energy commodities.

๐Ÿง  What do you think?

Boeing is losing $50m a day while the new CEO shakes things up

Login or Subscribe to participate in polls.

๐Ÿ“Š Stocks

Get $20 free shares at โ€‹public.comโ€‹ using code ALTSCO.

Winners and losers

Earnings, upgrades, and acquisitions

Another week of earnings. Hereโ€™s who to look out for:

  • Monday: No notable earnings

  • Tuesday: AutoZone (AZO), Thor (THO), KB Home (KBH), Worthington (WOR), Stitch Fix (SFIX)

  • Wednesday: Micron (MU), Jefferies (JEF), Cintas (CTAS)

  • Thursday: Costco (COST), Accenture (ACN), BlackBerry (BB), CarMax (KMX), Jabil (JBL)

Market movers

  • Boeing's Ted Colbert exited, with Steve Parker temporarily taking over space and defense.

  • Johnson & Johnson subsidiary filed for bankruptcy again, pushing a $10 billion talc settlement.

  • Googleโ€™s Sundar Pichai announced a $120 million AI education fund.

  • Canada's Unifor ratified a General Motors labor deal with pay raises.

  • Healthy.io laid off 30% of its workforce across three countries.

Ideas, trends, and analysis

  • South Dakota's median household income soared 17%, the largest US increase.

  • Oil prices rose over 4% for the week, boosted by the Fed's rate cut and lower US supply.

  • Middle Eastern sovereign wealth funds, have ramped up AI investments, with funding increasing fivefold in the past year.

Recommended Newsletter

๐ŸŒ Global Perspectives

  1. ๐Ÿ‡ฑ๐Ÿ‡ง๐Ÿ‡ฎ๐Ÿ‡ฑ Hezbollah fired over 100 rockets at northern Israel, declaring an "open battle" after an Israeli strike killed a top commander.

  2. ๐Ÿ‡ฎ๐Ÿ‡ท A gas explosion at an Iranian coal mine killed at least 31 and injured 16.

  3. ๐Ÿ‡ช๐Ÿ‡จ Ecuador cut power in 12 provinces for nine hours due to a severe drought impacting hydroelectric plants.

  4. ๐Ÿ‡ฑ๐Ÿ‡ฐ Sri Lankans elected Marxist-leaning Anura Kumara Dissanayake as president.

  5. ๐Ÿ‡บ๐Ÿ‡ฆ๐Ÿ‡บ๐Ÿ‡ธ Ukrainian President Zelenskiy arrived in the US to present his "victory plan" to President Biden.

  6. ๐Ÿ‡บ๐Ÿ‡ณ The UN adopted a "Pact for the Future" to tackle climate change and digital governance.

๐Ÿ“Š Crypto

  • The SEC approved BlackRock's iShares Bitcoin Trust (IBIT) for options trading on Nasdaq.

  • A California judge ordered William Koo Ichioka to pay $36 million for crypto fraud.

  • Coinbase announced plans to expand its cbBTC token to Solana.

  • BlackRock viewed Bitcoin as a safeguard against a potential Federal Reserve crisis tied to the $35 trillion US debt.

  • dVIN Labs launched its $VIN token and airdropped $2 million in tokenized champagne to Solana Breakpoint attendees and Mad Lads NFT holders..

๐Ÿง  Errata

  • A boy abducted in 1951 was found alive on the East Coast after 70 years.

  • Mathematicians have discovered a new class of shape dubbed "soft cells."

  • Two NYC teens stole a subway train for a 50-foot joy ride before crashing.

๐Ÿ“บ What to Watch Today

Thatโ€™s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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