Get alts in your retirement fund

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

US stocks surged Friday, with the Dow hitting a record high after strong jobs data eased recession fears.

• The Dow rose 0.81%; S&P 500 gained 0.90%; Nasdaq jumped 1.22%.

• Nonfarm payrolls surged by 254,000, nearly double expectations, with unemployment dropping to 4.1%.

Strong jobs data lowered expectations for aggressive Fed rate cuts, with only an 8% chance of a 50-basis-point cut at the Board’s next meeting.

The FAA authorized SpaceX's Falcon 9 for an October 7 mission from Cape Canaveral.

Amazon closed three more of its cashierless Go convenience stores in New York due to high lease costs, leaving only 17 stores across the US.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

What you had to say:

“It's a delusional daydream of Elon's that his engineering team will somehow make work. They keep getting updated and upgraded, it'll be fine, once they've gotten past the beta version.”

🧠 What do you think?

Saw this today from Yishan, founder of Reddit.

📊 Stocks

Winners and losers

Earnings, upgrades, and acquisitions

Another week of earnings:

• Monday: Duckhorn (NAPA)

• Tuesday: PepsiCo (PEP)

• Wednesday: Helene of Troy (HELE)

• Thursday: Delta Air Lines (DAL), Domino's (DPZ), Tilray (TLRY)

• Friday: BlackRock (BLK), BNY Mellon (BK), JPMorgan (JPM), Wells Fargo (WFC)

Market movers

• Boeing and its union are set to resume talks on October 7th to end a strike of 33,000 workers.

• McLaren unveiled its W1 hybrid hypercar, which is priced at $2.1 million and features a 1,258 hp powertrain and Formula One-inspired technology.

• Stellantis sued the UAW over strike threats, intensifying ongoing labor disputes.

• AWS CEO Matt Garman emphasized startup growth and Bedrock platform expansion in generative AI.

• UniCredit CEO Orcel stated cost cuts in a possible Commerzbank merger would target headquarters.

📺 What to Watch Today