Alts in your retirement fund in 2025

Announcing our new partnership with Alto.

Like us here at Alts, our friends at ​Alto  are on a mission to democratize alternative investing.
Specifically, Alto lets you invest in alternative assets through a retirement account known as an ​Alto IRA​.

Alto IRA accounts are charged a simple quarterly Account Fee based on Total Invested Capital.
Good news: Alts.co subscribers get 50% off Account Fees for the first year.

PS — Alto is headquartered in ​Nashville​. If you live in the area, join us for dinner on Thursday, Oct 24 and meet CEO ​Eric Satz​ in person. Reply for details.

Disclaimer: Private securities involve risk and may result in significant losses. Important disclosures apply. Alto does not provide investment advice. Consult an investment advisor to determine whether an investment is appropriate for your portfolio.

📰 Market Headlines

Markets stumbled into year-end as the Dow plunged 650 points, with all major indexes dropping in thin holiday trading.

• The S&P 500 fell 1.07%, while the Nasdaq slumped 1.19%.

• Tech stocks led the decline with Amazon falling 2.2%, Tesla dropping 2.8%, and Apple sliding 1.7%.

Treasury yields dropped, with the 10-year down 8 basis points and the 2-year down 7.

Oil hit a two-week high as natural gas futures surged 20%, marking the largest single-day gain since 2012.

Chinese hackers breached the Treasury Department, stealing unclassified documents in a "major incident."

Markets will close on January 9th to mourn the death of former President Jimmy Carter.

🎰 Alts this week

What’s going on in the world of alternative assets? If you missed yesterday’s Alts Cafe, here’s the rundown:

• A Nashville office tower sold at an ​85% discount​ from 2019 as occupancy fell to 50%.

• Instacart and Uber ​sued Seattle​ to block new worker protection laws.

• Christie’s ​French furniture auction​ brought in $9.76 million

• The global value of music copyright reached ​$45.5 billion​ in 2023, surpassing cinema box office revenue by 38%.

• A ​medieval coin hoard​ of 2,584 silver coins from the Norman Conquest era sold for $5.6 million.

🧠 Make yourself heard

 📊 Ideas, trends, and analysis

• Credit card defaults hit 2008 levels, with banks writing off $46 billion in the first nine months of 2024.

• US pending home sales rose 2.2% in November, reaching a 21-month high despite mortgage rates above 6%.

• Brookings warned the eurozone risks "Japanification" without fiscal union reforms.

😱 Fear and Greed Index

📊 Winners and losers

Earnings, upgrades, and acquisitions

No notable earnings this week.

Market movers

• Boeing shares fell 2% after a Jeju Air 737-800 crash in South Korea killed 179 people.

• Nvidia finalized its $700 million Run:ai acquisition, pledging to open-source the software.

• Volkswagen's Cariad leaked location data of 800,000 vehicles across Europe.

• The Madoff Victim Fund issued its final payout, returning $4.3 billion to 40,930 victims over ten distributions.

• Intel cut 15,000 jobs in 2024, leading tech sector layoffs.

There’s a reason 400,000 professionals read this daily.

Join The AI Report, trusted by 400,000+ professionals at Google, Microsoft, and OpenAI. Get daily insights, tools, and strategies to master practical AI skills that drive results.

Sign up now for free and work smarter, not harder.

🎤 What you said last time

📺 What to Watch Today