Don't make Saudi Arabia's Energy Minister Angry

*past 24-hour performance

💨 TL;DR

  1. The markets slipped, prompting fears of a frigid December.

  2. BTC and gold continued to rip before taking profits.

  3. Uber joins the S&P 500.

  4. China was downgraded.

Take advantage of the upcoming supply and demand imbalance in Texas

Did you know that:

  • Over half a million people have moved to Texas since the summer of 2021.

  • Yet multifamily construction starts are down more than 70% in 2023.

This will create a supply and demand imbalance that, to us as investors, can mean only one thing — opportunity.

BV Capital is a real estate private equity company that specializes in ground-up multifamily construction deals in the state of Texas.

BV is vertically integrated. Their in-house construction team has allowed for historical returns beyond those of traditional value-added investments.

If you're accredited and want to learn more about multifamily development opportunities in Texas, one of the nation’s fastest-growing states, check out BV Capital.

Sold to accredited investors via a private placement memorandum and past results do not guarantee future returns.

SPONSOR

📰 Market Headlines

🕶️ Market Vibes

🎰 Market Forecasts and Futures

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

  • The global astaxanthin market is estimated to grow 10.2% from 2022 to 2032, reaching more than $2 billion in annual sales. Ongoing scientific research and studies are uncovering new potential applications and benefits of astaxanthin. Its role in eye health, anti-inflammatory properties, and potential applications in treating various health conditions contribute to its market expansion.

  • Some of the key market players in the global astaxanthin industry include Algatech Ltd, Cyanotech Corporation, MicroA, Beijing Gingko Group (BGG), Algalíf Iceland ehf, Fuji Chemical Industries Co., Ltd, PIVEG, Inc., Atacama Bio Natural Products S.A., ENEOS Corporation, and E.I.D. - Parry (India) Limited (Alimtec S.A., Valensa International).

End-of-year forecasts

4,569

15,838

Macro forecasts

3.86%

3.37%

177,663

2% chance

1.63%

😱 Fear and Greed Index

🧠 What do you think?

Both the mainstream and crypto fear and greed indices are near multi-year highs. Are you:

We'll show the best comments tomorrow.

Login or Subscribe to participate in polls.

🎤 What you said last time

70% of you think Bitcoin will go up at least 150% next year. That’s incredible.

Yes, and I’m investing

“Bitcoin is REAL money.”

📊 Stocks

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

Winners and losers

  • Uber's stock is set to join the S&P 500 index later this month, the latest sign that the ride-hailing and delivery company is turning its business around after struggling through much of the pandemic.

  • Richard Branson said he won’t be investing more in Virgin Galactic, saying the space-flight company has "sufficient funds to do the job on its own." Shares were down 15%.

  • Starbucks shares dropped 1.6% on Monday, declining for the 11th consecutive session in what is the longest rout since the coffee-maker went public in 1992. In total, the slump has erased 9.4% of Starbucks’ market value, a decline of nearly $12 billion.

  • GM’s Cruise robotaxi unit could face $1.5 million in fines and additional sanctions over its failure to disclose details of an Oct. 2 accident in which a robotaxi dragged a pedestrian 20 feet.

  • Twilio is laying off 5% of its workforce, around 300 people. It’s the company’s third round of cuts.

  • Shares of AMC were up 7.6% Monday, boosted by the strong opening weekend performance of “Renaissance: A Film by Beyoncé.”

  • Taiwan's Foxconn, the world's largest contract electronics maker and a major Apple supplier, raised its outlook for the fourth quarter on strong year-end sales for the holiday peak season.

Ideas and analysis

📊 Income

📊 Crypto

  • Crypto’s fear and greed index is higher than it’s been for more than two years.

🌍 Global Perspectives

🇨🇳 Moody’s cut China’s debt outlook to negative from stable while retaining a long-term rating of A1 on the nation’s sovereign bonds.

🇨🇳 China's major state-owned banks were swapping yuan for U.S. dollars in the onshore swap market and selling those dollars in the spot market to support the yuan on Tuesday.

🇷🇺 Russia's economy could end up looking a lot like it did in the Cold War.

🇮🇱 Someone loaded up on Israeli puts in the weeks before the attacks of October 7th.

🇦🇷 Milei’s November election win — on a pledge to rapidly overhaul Argentina’s dysfunctional economy — has triggered a burst of market exuberance. The local Merval stock index is up 28 percent, while prices for Argentina’s closely watched sovereign bonds maturing in 2030 — some of the most liquid — have risen 22 percent to 37.2 cents on the dollar.

🇬🇧 The UK is facing a retail sales crisis this Christmas.

💎 Wealth Watch

  • Tips for recovering from bankruptcy.

  • Student-loan borrowers are facing 'serious risks' to their credit scores.

  • The mean net worth of the average American household has ascended to $1.06 million, a 23% from $868,000 in 2019.

🗳️ Outside the Box

📺 What to Watch Today

📈 Trends you need to know

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

The market share of astaxanthin is set to grow due to ongoing scientific research uncovering new potential applications and benefits, such as its role in eye health, anti-inflammatory properties, and potential in treating various health conditions​

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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