🎮 GameStop pumps again but then...

🚰 Meanwhile, the stupidest world record falls

Are you — or do you know — a ninja PPC marketer or videographer? We’re hiring for both. Just smash reply if so.

Sweater: The Evolution of Venture Capital

Investing in VC deals used to be for accredited investors who were well-connected.

​Sweater Ventures​ revolutionized the way VC works.

What does Sweater do?

In 2022, they created the Cashmere Fund. This was the first VC fund that anyone could invest in — accredited or not.

Now, they've built something even more interesting: A platform that lets qualified partners start public funds​.

  • Qualified partners are fintech companies, brokerage firms, banks, universities, even celebrities and influencers.

  • VC, real estate, PE, and private credit funds are all possible using Sweater.

  • These are SEC-registered interval funds available to both accredited and non-accredited investors.

  • Public solicitation is allowed (← this is huge)

Think of it as private market investing using public fund infrastructure.

Why invest in Sweater?

  1. Proven tech. The Cashmere fund has 5,500+ investors and $14m AUM deployed into 33 promising startups.

  2. Accelerating sales. Their first partner contract was just signed (a $500m fund). They're in the final stage on 3 additional contracts, and have a $4.6b AUM fund partner pipeline.

  3. Venture-backed team. Backed by 6 VCs, including Motivate, Akuna, and Bonaventure. Already raised $19m.

How to invest in Sweater:

Disclaimer: This is a paid advertisement for Jurny’s Regulation CF offering. Please read the offering circular at​ ​​https://www.startengine.com/offering/jurny​.

📰 Market Headlines

  • Meme mania is back, fueling a rocky start to June as volatile meme stocks shake investor confidence.

  • US factory activity and construction spending fell in May, as new orders dropped and non-residential spending slipped.

  • Paramount and Skydance agreed to merge after weeks of discussion and a competing offer from Apollo Global Management and Sony Pictures.

  • Microsoft announced it would continue layoffs in its mixed reality division but will continue to sell its HoloLens 2 headsets.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

The correct answer is 28; about half underestimated the number.

📈 Trends you need to know

Don’t buy shares of GameStop today.

🧠 What do you think?

💬 Have your say

How many more times will the WSB crew be able to pump and dump GameStop and AMC shares before the infinite money machine shuts down for good?

How many more times will the GME Pump and Dump work?

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

  • GitLab slid 1.8% despite reporting strong Q1 results, crushing estimates.

Market movers

  • Moderna and Merck reported that their mRNA vaccine and Keytruda treatment reduced melanoma recurrence and increased survival rates.

  • Windows 11's new AI-powered Recall feature has been labeled a "security disaster" by experts.

  • JPMorgan's global head of payments, Takis Georgakopoulos, has left the bank after 17 years.

  • American Airlines told an appeals court it would reconsider a partnership with JetBlue if a 2023 ruling ending their alliance was overturned.

  • LoanSnap, after raising $100 million, has been sued by at least seven creditors, including Wells Fargo, for over $2 million in debts.

Ideas, trends, and analysis

  • The average cost of cooling a home this summer is set to hit a 10-year high of $719, up nearly 8% from last year.

  • UC Berkeley saw a 48% jump in first-year applications to study computer science.

  • Dr Pepper inched ahead of Pepsi as the number two soda brand in 2023, capturing an 8.3% market share. Coke remains the leader at 19.2%.

  • The median pay package for S&P 500 CEOs jumped nearly 13% to $16.3 million in 2023, far outpacing the 4.1% wage growth for private-sector workers.

  • 65% of Americans said they expect to do more bargain hunting at discount retailers this year.

🌍 Global Perspectives

  • 🇬🇪 Georgia's controversial "foreign agent" bill, resembling Russia's measures, became law after weeks of protests.

  • 🇨🇳 China's food security law took effect, aiming for grain self-sufficiency by reducing imports, protecting farmland, and boosting production.

  • 🌍 Global airlines raised their 2024 profit forecast to $30.5 billion as a record number of travelers take to the skies.

  • 🇳🇬 A nationwide strike in Nigeria plunged the country into darkness as union workers shut down the national grid in a minimum wage protest.

  • 🇮🇳 India's Election Commission said a record-breaking 642 million voters cast ballots in the general election.

📊 Crypto

  • Crypto investment products saw $2 billion in inflows in May.

  • Australia's first spot Bitcoin ETF with direct BTC holdings went live from Monochrome Asset Management.

  • Michael Saylor and MicroStrategy settled a $40 million tax fraud case.

🧠 Errata

  • Monday's hyped "parade of planets" was a dud, but NASA says a better show is coming on June 29.

  • The skull of an extinct "thunderbird" was finally found - and it looks like a strange goose.

  • A heat dome will scorch the West this week, with Death Valley likely to hit 120°F.

  • An Idaho man broke the Guinness World Record for most water moved by hand in 30 seconds after five years of attempts.

📺 What to Watch Today

A life well lived.

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

Cheers,

Wyatt

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