In partnership with

🏇 Own shares of stakes-winning racehorses

From Commonwealth, winners of the 2023 Kentucky Derby 🏆

​Commonwealth​ is a unique company that lets you invest in the career of racehorses.

I've known the team for years. In fact, when we first created Alts, they were guests on our second-ever ​podcast​!

Since then, Commonwealth has had one hell of a run...

• In 2022 they won the Dubai World Cup ($12m)

• A year later, they (incredibly) won the Kentucky Derby

Two things to know about Commonwealth:

1. First, they have a genuine love and passion for these beautiful creatures

2. Second, they host some incredible ​real-life events​.

Joining Commonwealth is about more than just sharing winnings — it's about experiencing the thrill of trackside celebration live, alongside other investors, gourmet cuisine, and fine wines.

Current Offerings:

• 🐎 ​Neat​ — A Graded Stakes Winning stallion with $900k+ in career earnings. Currently targeting a G1 race on March 1 and is eligible for races worth ~$8m this year.

• 🐎 ​Ideal Palace​ — A 2-year-old half-brother to $4m earner Facteur Cheval, who is targeting the $20M Saudi Cup this month.

• 🐎 ​Chasing Liberty​— Multiple stakes-winning 3-year-old stallion with $800k+ in career earnings, targetting $3.5M worth of races this year.

• 🐎 ​Maquina​ — A 2-year-old colt headed to top trainer Brad Cox by globally recognize stallion Medaglia d'Oro, bred by Stonehaven Steadings producers of multiple champion stallions.

Join Commonwealth

• Create a profile

• Enter code ​ALTS​

• Enjoy the ride!

Disclosure: This is not an offer or solicitation to invest. No funds will be accepted if sent in response. Investing in Reg CF offerings and racehorses involves significant risks, including the potential loss of your entire investment. The securities are not registered with the SEC or state authorities and are being offered under an exemption from registration. Please review all offering materials on ​app.joincommonwealth.com​ before investing in any offering.

📰 Market Headlines

Wall Street took a breather for Presidents' Day as traders gear up for Fed minutes and economic data later in the week.

European defense stocks surged as NATO allies pledged increased military spending, pushing the Stoxx Europe 600 to a record high.

The rising US dollar squeezed corporate earnings, with Amazon, McDonald’s, and Coca-Cola warning of significant foreign exchange headwinds.

A Delta flight crash-landed and flipped upside down in Toronto, leaving 80 survivors but dragging airline stocks lower…

..Meanwhile, the Trump administration has begun firing hundreds of FAA controllers.

🎰 Alts this week

​Tequila rises amidst weakish spirits market.

For the first time in over 20 years, US spirits sales have declined, dropping 1.1% to $37.2 billion in 2024, according to the Distilled Spirits Council. The industry had been enjoying a ~5% annual growth rate since 2003.

But while American whiskey and vodka are losing steam, tequila is the clear winner. ​

What do you think?

Join the Discussion in the Alts Community:

🧠 Make yourself heard

After decades of exceptional safety, over the past 3 weeks, there have been a bunch of high-profile airplane crashes:

• Midair Collision in Washington, DC.: On Jan 29, a midair collision between an Army helicopter and an American Airlines flight resulted in 67 deaths — the deadliest aviation incident since 2001.

• Medical Transport Jet Crash in Philadelphia: On Jan 31, a medical transport jet exploded upon crashing in Philadelphia, killing seven and injuring 19.

• Delta Airlines Flight 4819: On Feb 17, a Delta Airlines flight from Minneapolis crashed and flipped upside down in Toronto. No deaths!

 📊 Ideas, trends, and analysis

• JPMorgan found that President Trump posted fewer market-moving social media messages since his re-election, with only 10% affecting currency markets.

• Better-than-expected industrial production data hides some softness.

😱 Fear and Greed Index

📊 Winners and losers

Earnings, upgrades, and acquisitions

• Markets are closed for Presidents' Day.

Market movers

• Boeing's Air Force One replacement program faced delays until at least 2029 due to supply chain issues.

• Southwest Airlines cut 1,750 corporate jobs, aiming for $300 million in savings by 2026.

• Sherwin-Williams bought BASF’s Brazilian paint unit for $1.15 billion, gaining $525 million in sales and two plants.

• The UAE Cabinet set new merger control filing thresholds, requiring notification for deals exceeding AED 300 million or 40% market share.

This isn’t traditional business news

Welcome to Morning Brew—the free newsletter designed to keep you in the know on the business news impacting your career, company, and life—in a way you didn’t know you needed.

Note: this isn’t traditional business news. Morning Brew’s approach cuts through the noise and bore of classic business media, opting for short writeups, witty jokes, and above all—presenting the facts.

Save time, actually enjoy business news, and join over 4 million professionals reading daily.

Check it out

🎤 What you said last time

What you had to say:

“I stopped using coins for transactions in the early 2000s.”

📺 What to Watch Today