🌀 Cat 5 Milton bears down on FL

📈 And treasuries popped back above 4%

MF’ers, I’ve been telling you for YEARS to leave Florida.

Stay safe, all those who haven’t heeded.

If you’re in Milton’s path…RUN.

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📰 Market Headlines

US stocks tumbled yesterday as Treasury yields rose and Middle East tensions escalated.

  • The Dow fell 0.95%, the S&P 500 dropped 1% while the Nasdaq Composite fell 1.2%.

  • The 10-year Treasury yield breached 4%, its first breach since August, as traders reduced expectations for Federal Reserve rate cuts.

A Delaware judge approved FTX’s reorganization plan, clearing the way to return $14 billion to creditors.

Nvidia's market capitalization overtook Microsoft's on Monday, making it the second-largest company in the world behind Apple.

Costco's gold bars sold out at 77% of surveyed stores, even as gold prices hit record highs.

Hurricane Milton is now a Category 5 storm, the fifth strongest in recorded history.

🕶️ 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:

“Half the Republican party can't get their head out of the 1940's”

📈 Trends you need to know

🧠 What do you think?

Surely this is the last major hurricane of 2024?

Login or Subscribe to participate in polls.

📊 Stocks

Get $20 free shares at public.com using code ALTSCO.

Winners and losers

Earnings, upgrades, and acquisitions

Market movers

  • A US judge ordered Google to open its app store to competition and restrict in-app payment prohibitions for three years.

  • Match Group named Steven Bailey as its new CFO, effective March 1, 2025.

  • Hyundai started electric SUV production at its new $7.6 billion Georgia plant.

  • OpenBB launched a free web app of its financial research platform.

  • Apple released macOS 15.0.1, fixing bugs that disrupted several cybersecurity products.

Ideas, trends, and analysis

  • Robot orders in North America plunged 31% as manufacturers cut automation.

  • Goldman Sachs lowered recession odds to 15% after robust payroll data.

  • Social Security COLA for 2025 was forecast at 2.5%, the smallest in four years.

  • US crude oil jumped 3.71% as markets awaited potential Israeli strikes on Iran's oil facilities.

Recommended Newsletter

🌍 Global Perspectives

  1. 🇲🇽 The mayor of Chilpancingo, MX was assassinated six days after taking office.

  2. 🇭🇹 Haiti's transition council disputed the rotating presidency handover due to corruption accusations against three members.

  3. 🇧🇷 Center-right parties won most city halls in Brazil's municipal elections.

  4. 🇦🇲 🇦🇿 Armenia hopes to sign peace articles with Azerbaijan within a month.

  5. 🇺🇸 🇮🇳 🇮🇹 🇷🇴 The US State Department approved $965 million in defense sales to India, Italy, and Romania.

📊 Crypto

  • Hong Kong expanded crypto licensing to boost its digital asset hub status by year-end.

  • Solana led 87% of DEX token launches in 2024, with Base second.

  • FTX's bankruptcy plan received court approval, promising 98% customer repayment in 60 days.

  • Ethereum's EIP 7781 proposes a 33% transaction increase by reducing slot time.

  • Vitalik Buterin donated $182,000 in ETH to fight airborne diseases after receiving billions in Moo Deng meme coin tokens.

🧠 Errata

  • A British woman’s motorcycle stunt rider application resurfaced after 50 years in a post office drawer.

  • An off-duty Washington trooper rescued two dogs on I-90, reuniting one named Bowie with its owner.

  • YouTuber Jack Doherty crashed his $200,000 McLaren while livestreaming.

  • Two British brothers-in-law pulled cars 32 miles in 24 hours, breaking their own Guinness World Record for charity.

📺 What to Watch Today

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

Cheers,

Wyatt

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