Cyber Monday Beckons

*past 24-hour performance

💨 TL;DR

  1. The major US indices notched a four-week winning streak.

  2. Americans spent $9.8 billion—up 7.5% over 2022—and traveled 2.3% more than last year’s Thanksgiving weekend.

  3. Gold nudged above the $2k barrier.

📰 Market Headlines

  • It’s a busy week for economic indicators as PCE price data and a second reading on Q3 GDP are due in the US. Eurozone inflation data and Japanese industrial production will also have their say.

  • Salesforce and Dollar Tree report earnings this week, both of which will give us a clue about the overall economy.

  • Spot gold rose 0.5% to $2,013.69 an ounce, while gold futures expiring in December rose 0.6% to $2,014.35 an ounce. Spot silver gained 1.4% to $24.65 per ounce; platinum rose 0.2% to $932.81. Palladium rose 0.6% to $1,075.01 per ounce. Copper dipped after two weeks of strong gains.

  • Twitter X is set to lose $75 million in revenue as advertisers withdraw spending.

  • Costs for renewables have plummeted, and growth is exceeding expectations.

🧠 What do you think?

Is Twitter/X better or worse since Elon took over?

The best comments will be published tomorrow.

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🕶️ Market Vibes

🎰 Market Forecasts and Futures

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Brought to you by Kalshi, our favorite prediction market. Get $25 with this link.

End-of-year forecasts

4,559

15,981

Macro forecasts

3.86%

3.29%

175,873

3% chance

1.98%

😱 Fear and Greed Index

🎤 What you said

Only 22% of you are spending more than last year with nearly half spending less.

Spending more

“Kids are getting older, and they want more expensive stuff.”

This company has reimagined fencing (yep, fencing)

There are sexy businesses, and there are unsexy businesses.

Snap, Peloton, and WeWork are sexy. They all have buzz and panache.

But you know what else these companies have in common? None of them are profitable!

Here at Swaggy, we like to find under-the-radar companies you wouldn't normally think about. And we found one in Perimtec.

Perimtec designs and installs modern fences. That's it. They sell direct-to-consumer across the US. That's what they do.

And you know what? They're making real money. Check this out:

  • Annual run rate of $3.1 million

  • LTV to CAC ratio of 4.1

  • Raising at a valuation of $7.1 million (that's low!)

Fencing is becoming a more important part of home design. (Heck, I installed a new backyard fence for exactly this reason)

Perimtec is making an unsexy business as sexy as possible.

Consider investing in these guys.

Short on time?

Click here, and we'll send you more information about this opportunity.

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📊 Stocks

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Winners and losers

  • Since at least 2019, Meta has (allegedly) knowingly refused to shut down the majority of accounts belonging to children under the age of 13 while collecting their personal information without their parent's consent.

  • Several prominent Tesla investors are speaking out after Elon Musk called an antisemitic post "the actual truth."

  • Berkshire Hathaway dumped its stake in Indian fintech giant Paytm last week

  • Hedge funds are long Instacart.

Ideas and analysis

  • Is GOOG a buy right now? Maybe.

  • Analysts expect a strong end of the year for the stock market.

📊 Income

Want to party like it’s 2007? Check out public.com’s bond ETF portfolio designed to offer exposure to mortgage-backed securities (MBS) and other securitized debt

  • Money market funds for retail investors rose by 0.6% in the latest reporting week from the prior week, by 2.5% over the past four weeks, and by 8.9% over the past three months, to $2.24 trillion.

  • Large Time-Deposits – CDs of $100,000 or more – surged by 60% since the Fed began its rate hikes, to $2.1 trillion at the end of October, from about $1.4 trillion in March 2022.

  • Small Time-Deposits – CDs of less than $100,000 – surged from just $36 billion in May 2022 to nearly $1 trillion by the end of September.

  • HKEX is launching China treasury bond futures.

  • A new approach to the 60/40 portfolio.

📊 Crypto

🌍 Global Perspectives

🇨🇳 Lithium prices in China fell sharply last week to hit their lowest point in over two years.

🇨🇳 The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock.

🇰🇷 The number of young Koreans is forecast to halve in 30 years amid a rapid aging trend and a record-low birthrate.

🇹🇼 What you need to know about Taiwan’s January election.

💎 Wealth Watch

  • How to get a divorce without going broke.

  • American consumer spending is about to fall off a cliff.

  • My ADHD makes it hard to manage money. What should I do?

  • American personal tax brackets are changing next year. Here’s what you’ll pay.

🗳️ Outside the Box

  • The economic cost of gender-based violence against women.

  • How every generation plans to spend this holiday season.

  • How to fit volunteering into a hectic schedule.

  • How AI could ​power​ the climate breakthrough the world needs.

  • What is OpenAI Project Q*? An AGI superintelligence explainer.

📺 What to Watch Today

📈 Trends you need to know

Brought to you by our friends at Glimpse, my favorite way to spot trends.

Mariah Carey’s retirement plan gets more popular every year.

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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