🏃🏽 The Bitcoin ETF's hilarious false start

🍹 Plus, Tequila is so hot right now

Yesterday, I promised something new today, and hoo boy, do I have something cool for you guys.

*past 24-hour performance

📰 Market Headlines

  • It was a mixed day in the US markets as most asset classes muddled through. Investors seem to be moving away from tech and toward unloved sectors like healthcare.

  • As of Monday, 27 stocks have already dropped over 5% since the start of 2024.

  • Asian stocks fell today following a tepid Wall Street session yesterday, except for Tokyo, which saw gains due to the government's plan to double its disaster reserves by nearly $7 billion.

  • Tokyo's Nikkei 225 surged 2.1% to 34,476.86, a near 34-year high, boosted by chipmaker buying and expectations that the Bank of Japan will continue its loose monetary policy after ongoing wage declines.

  • The CPI numbers come out tomorrow, while the PPI is set for Friday.

  • Most analysts seem to expect the BTC ETF announcement today.

Tequila is so hot right now.

The most valuable journey you’ll take this year.

Tequila is the most popular spirit in the US, and it’s only getting more popular among savvy drinkers and investors.

I don’t talk about it here at Stocks & Income, but I run a fund focussing on alternative assets.

In October 2022, we bought six casks of 200L tequila for $25k. Today, they’re worth $48k. That’s a 92% jump in about 15 months.

It’s an underappreciated and still undervalued investment opportunity that intuitively makes sense, and we want to share the knowledge and opportunity with our community.

I want to invite you to our first-ever Investor Field Trip to Mexico, Feb 19 - 23.

This is a unique, all-inclusive adventure for serious investors.

  • Hear from experts in Mexican tequila, real estate, venture capital, startups, and infrastructure

  • Meet CEOs, VCs, investors, fund managers, and other VIPs

  • See world-famous tequila distilleries, art museums, and more

  • Taste the world's finest tequila, agave, and mezcal

  • Connect with Alts community members from around the globe

🕶️ Market Vibes

🎰 Market Forecasts and Futures

PIMCO said it's too early to claim victory over inflation and warned of ongoing recession risks despite expectations of a smooth economic adjustment with anticipated Federal Reserve interest rate cuts this year.

😱 Fear and Greed Index

🧠 What do you think?

What's the best recent film about finance?

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🎤 What you said last time

Insurance prices are up across the board, regardless of where you live.

📊 Stocks

Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks.

Winners and losers

Earnings, upgrades, and acquisitions

  • Eversource Energy dropped 7.7%, one of the S&P 500's largest declines, due to a potential $1.6 billion impact on its late 2023 results.

  • Illumina rose 4.5% following its announcement of projected higher-than-expected revenue for late 2023.

Market movers

  • Bank of America noted a significant increase in equity sales by clients last week, the highest since July, amid market challenges.

  • JetBlue Airways fell 10.2% as CEO Robin Hayes announced his departure for health reasons, with current president Joanna Geraghty taking over, becoming the first female leader of a major US airline.

  • Blackrock cup 600 jobs.

  • Boeing has agreed to lift up its skirts to investigators.

Ideas, trends, and analysis

📊 Income

📊 Crypto

  • The SEC’s Twitter account was hacked, sending a fake message that the BTC ETF had been approved.

🌍 Global Perspectives

🇨🇳 An on-the-ground look at how commercial real estate is struggling in China.

🇨🇳 Is China’s consumption story over?

🇮🇳 🇲🇻 There’s a weird diplomatic row going on between India and the Maldives that’s crushing the latter’s tourism industry.

🇪🇺 Investors are cautiously optimistic about Europe in 2024

💎 Wealth Watch

🗳️ Outside the Box

  • Solar energy is now powering the ethical diamond trade.

  • Seven of the eight best-paid female athletes play tennis.

  • The booming hydrogen market.

📺 What to Watch Today

📈 Trends you need to know

Search results are from our friends at Glimpse, my favorite way to spot trends.

Ethically sourced diamonds are in high demand.

That’s all for today. Did we miss anything? Smash the reply button to let us know.

Cheers,

Wyatt

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