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- 🌞 Happy Solar Eclipse Day to those who celebrate
🌞 Happy Solar Eclipse Day to those who celebrate
🛬 Plus another Boeing airplane fell out of the sky
Wyatt from Alts
08 Apr
Today is the last total solar eclipse in the USA for twenty years, and the next one is mostly in Canada. You can pop over to Spain in 2026 if you miss out today, though.
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📰 Market Headlines
Stocks rebounded Friday after a brutal week, with the Dow up 0.8%. The S&P 500 rose 1.1% and the Nasdaq added 1.2%.
The rally came after a blowout jobs report that showed the US added 303,000 jobs in March.
The strong labor market is keeping the Fed on edge about inflation. Some officials are even considering another rate hike.
The odds of a June rate cut have plummeted to 40%.
Inflation data will be key this week, with the CPI report due Wednesday and PPI on Thursday. Wall Street expects a 3.7% annual CPI gain. Kalshi is significantly lower at 3.4%
It’s earnings season again! Big names like Delta Air Lines, BlackRock, Wells Fargo, and plenty more report in this week.
Oil prices jumped this week on Mideast tensions and supply concerns, with some analysts saying $100 per barrel is possible in the coming months. Gold continues to rise as well.
There’s a total solar eclipse over the USA today, but much of it could be marred by cloud cover.
Congrats to South Carolina, who completed their undefeated season to win the Women’s NCAA basketball title. They beat Caitlin Clark’s Iowa in the finals.
The Men’s final is tonight at 9:20 EST as Purdue takes on favorites UConn.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
😱 Fear and Greed Index
Hey, look, we’re greedy again!
🧠 What do you think?
🎤 What you said last time
Greedy
“I make money on the way up and the way down. No fear, only opportunity.”
💬 Have your say
Happy Solar Eclipse Day.
How psyched are you for the eclipse? |
📈 Trends you need to know
You can predict the eclipse’s path based on search volume.
📊 Stocks
Get $20 free shares at public.com using code ALTSCO.
Winners and losers
Earnings, upgrades, and acquisitions
The second week of Q2 is a busy one with many earnings reports to tune into:
Market movers
The Netherlands plans to align with US demands restricting ASML's chip equipment exports to China.
The FAA began investigating a Southwest Airlines Boeing 737-800 that lost an engine cowl during takeoff.
Canadian Airbus A220 jet workers rejected a second company offer.
China's central bank has set up a $70 billion re-lending program to support small tech companies.
The first trial in lawsuits against Warren Buffett's BNSF Railway, linked to asbestos pollution that caused hundreds of deaths, is set to begin.
Job cuts:
Apple laid off over 600 employees, likely those involved in its now-defunct electric vehicle project.
Best Buy's Geek Squad was hit by mass layoffs last week.
Ideas, trends, and analysis
Companies with extensive AI experience are more than twice as likely to be open to a four-day workweek compared to those without.
US banks added 94 new branches in 2023, the first annual increase since 2012.
Oracle's Larry Ellison predicts every government will want a "sovereign cloud" in the future.
Constellation Brands is poised for beer market share gains as competitors like Bud Light face shelf space cuts.
🌍 Global Perspectives
🇺🇸 A 4.8-magnitude earthquake struck near New York City, shaking buildings up and down the East Coast.
🇲🇽 🇪🇨 Mexico suspended diplomatic ties with Ecuador after Ecuadorian authorities stormed its embassy in Quito to arrest a former vice president convicted of corruption.
🇮🇱 The IDF withdrew ground forces from Khan Younis in southern Gaza but said it is "far from stopping" operations in the strip.
🇵🇭 🇨🇳 The Philippines and China traded accusations over an encounter in disputed South China Sea waters.
📊 Crypto
Three tourist cities in Brazil are using Bitcoin as everyday money.
Bankrupt crypto lender Genesis purchased 32,041 bitcoins worth over $2.17 billion to repay customers after selling nearly 36 million GBTC shares.
Michael Saylor called Bitcoin "the best investment asset" and "the apex property of the human race."
Bitcoin's acceptance as "digital gold" may enable continued demand as ETFs mitigate volatility.
🧠 Errata
At 111, John Alfred Tinniswood is now the world's oldest man.
Mexico's presidential palace cats have been declared "living fixed assets", obligating the government to care for them forever.
📺 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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