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- 🌀 Cat 5 Milton bears down on FL
🌀 Cat 5 Milton bears down on FL
📈 And treasuries popped back above 4%
What in the world did the Big Bend part of Florida do to anger the gods?
— Wyatt Cavalier (@itiswyatt)
1:43 AM • Oct 8, 2024
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
😱 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”
🧠 What do you think?
Surely this is the last major hurricane of 2024? |
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
Duckhorn Portfolio beat estimates; shares skyrocketed 103%.
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.
🌍 Global Perspectives
🇲🇽 The mayor of Chilpancingo, MX was assassinated six days after taking office.
🇭🇹 Haiti's transition council disputed the rotating presidency handover due to corruption accusations against three members.
🇧🇷 Center-right parties won most city halls in Brazil's municipal elections.
🇦🇲 🇦🇿 Armenia hopes to sign peace articles with Azerbaijan within a month.
🇺🇸 🇮🇳 🇮🇹 🇷🇴 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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