- Stocks & Income
- Posts
- 🔥 Friday's jobs report came in hot
🔥 Friday's jobs report came in hot
*past 24-hour performance
💨 TL;DR
The jobs report came in hot.
The EU lays down the law for AI companies.
Big Fed meeting on Wednesday.
Heads up: I'll be traveling on Monday and Tuesday this week. So I'm writing this on Saturday, which means the crypto quotes will be outdated by the time you read this on Monday morning. There won't be a Stocks and Income issue on Tuesday. But don't worry, I'll be back in action on Wednesday.
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📰 Market Headlines
Stocks pushed higher on Wall Street, leaving the market with its sixth straight weekly gain. That’s the longest winning streak in four years.
The Fed meets Wednesday, and both Costco and homebuilder Lennar report earnings this week. Both companies’ earnings and guidance will tell us a lot about how the economy is doing.
The jobs growth rate in the US came in higher than expected, and unemployment was lower than expected. The vast majority of gains came in the healthcare and government sectors.
OPEC and Saudi Arabia are losing their grip on the oil market as prices see the longest fall in 5 years.
Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top U.S. oilfield, at between $25 billion and $30 billion.
The EU has agreed to rules regulating AI.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
The same analysts who got it wrong in 2023 are predicting a soft landing in 2024.
End-of-year forecasts
Macro forecasts
3.72% 3.29% 175,846 | 1% chance 74% 1.61% |
😱 Fear and Greed Index
🧠 What do you think?
How much should the government regulate AI?Best answers in Wednesday's issue |
🎤 What you said last time
Nearly 2/3 of you think SpaceX will be a trillion-dollar company one day. Time to load up on pre-IPO shares.
Too high
“Paying for business greed”
📊 Stocks
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Winners and losers
Starbucks has lost its battle against unions.
SmileDirectClub is winding down operations.
This year, a quarter of U.S. corporate profits will come from just a dozen companies.
Ideas, trends, and analysis
Ten e-commerce stocks to consider for long-term buys.
Is it time to short NVIDIA?
The lobbying group that claimed $45 billion worth of theft at American retailers made the number up.
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📊 Income
Why are bonds making a comeback?
The sharp rally in US high-yield or “junk” bonds since late October was on pause Friday after the release of a robust jobs report for November called into question market expectations for significant rate cuts
Two dividend picks with 11% yields.
📊 Crypto
Prices as of Saturday 2am EST.
Bitcoin dipped a bit on the strong jobs numbers, falling 0.5% in the minutes after the report was released.
Two crypto provisions addressing anti-money-laundering concerns were dropped from a joint version of the National Defense Authorization Act, a military-funding bill viewed as must-pass legislation, ending a backdoor effort to get digital-asset rules passed this year in the US.
🌍 Global Perspectives
🇨🇳 China’s consumer prices fell at the steepest pace in three years while producer costs dropped even further into negative territory. Deflation looms.
🌍 The fastest growing global economies.
🇻🇪 🇬🇾 🇺🇳 Venezuela is pushing oil companies to restart operations near the Guyana border. The United Nations Security Council took no immediate action at a closed emergency meeting requested by Guyana.
🇺🇸 🧄 🇨🇳 Republican Senator Rick Scott has called for a government investigation into the impact on national security of garlic imports from China.
💎 Wealth Watch
How much do you really make when you sell your house?
How realistic is your stock-market forecast?
The US states that gained and lost the most home equity in 2023.
🗳️ Outside the Box
When it comes to investing, is it better to be lucky or good?
The year’s best photojournalism.
Why you shouldn’t read too much into the monthly non-farm payroll numbers.
America’s biggest gun economies.
Taylor Swift’s Eras tour was the first to gross over $1 billion.
What you should know when buying olive oil. Plus, the economics of growing your own olive trees.
📺 What to Watch Today
The U.S. is running out of miners. More than half of the nation’s mining workforce, about 220,000 workers, are expected to retire by 2029, and the number of candidates willing to fill those slots is shrinking. At the same time, demand for minerals like lithium, cobalt, and copper, critical components used to make batteries for electric vehicles and smartphones, is rising. Globally, at least 384 new mines will need to be built to meet demand for EVs by 2035.
That’s all for today. Did we miss anything? Smash the reply button to let us know.
Cheers,
Wyatt
Notes
Please read this disclaimer. The authors of Alt Assets, Inc. are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content should not be taken as professional advice. They are self-taught accredited investors, sharing information, research, entertainment and lessons learned based solely on their own experience and circumstances. Individual results may vary. The published content is unique, based on certain assumptions and market conditions at the time of publishing, and is intended to serve solely as research, not financial advice. For entertainment purposes only. Not investment advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several, or all of the alternative asset classes that Alt Assets, Inc. publishes content about on its site. Any of the Fund’s investments that have positive designations on the Alt Assets, Inc. site are purely coincidental, as the Fund is actively managed and guided by its own investment parameters, as summarized in the relevant private placement memorandum. Alternative investing involves a high degree of risk, including complete loss of principal and is not suitable for all investors. Past performance does not guarantee future results. The newsletter may contain affiliate links, meaning that Alts.co and its associated entities may receive compensation for referring customers to the noted companies. We recommend seeking the advice of a financial professional before you make any investment in an alternative asset class or any associated entities, and we accept no liability whatsoever for any loss or damage you may incur.
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