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- 🚢 Mission Accomplished?
Good morning. Last week, you got our 2024 outlook. which was the last of my three-part series to wrap up 2023 and look ahead to 2024.
ICYMI:
*past 24-hour performance
📰 Market Headlines
US markets dipped for the first time in ten weeks last week, which has sent Asian markets tumbling this morning. US futures are lower as well.
The US launched its first lunar lander in 50 years this morning.
Saudi Arabia has been forced to cut the price of oil to keep pace with other producers. Oils prices tumbled nearly 1%.
Congress has reached a spending deal, avoiding a government shutdown later this month.
CPI and PPI reports are due Thursday and Friday, respectively.
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🕶️ Market Vibes
🎰 Market Forecasts and Futures
There’s a wide variance between the Kalshi markets and the CME prediction tool. If you think the pros have it right, you can get $25 to play around with on Kalshi.
😱 Fear and Greed Index
🧠 What do you think?
Do you want to see updated US presidential election odds in this newsletter? |
🎤 What you said last time
Only half of you were actually working last week. Let’s go!
📊 Stocks
Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks.
Winners and losers
Earnings, upgrades, and acquisitions
Market movers
Boeing has grounded 170 737 Max 9 planes after a window fell out of a plane mid-flight. Shares are in free fall.
Audacity, a Philadelphia-based broadcaster that owns around 230 radio stations, has filed for bankruptcy, citing declining ad revenue.
China Evergrande’s Vice Chairman was detained. Shared plunged 23%.
Chinese “wealth manager” Zhongzhi, which had significant exposure to property markets, has gone bankrupt.
Thanks to the Stanley Cups insanity, Stanley’s annual sales in 2023 could top $750 million.
China sanctioned five US defense companies in response to Washington’s arms sales to Taiwan.
Nintendo is expected to launch the ‘Switch 2’ console this year.
A number of recalled-and-fixed breathing devices from Phillips may still pose dangerous problems.
Ideas, trends, and analysis
📊 Income
Bond traders are snapping up 4% yields, confident the Fed will reduce rates soon.
Two recession-proof income picks.
📊 Crypto
Two Coinbase execs dumped shares last week.
Bitcoin rallied back above $44k after profit-taking last week.
🌍 Global Perspectives
🇨🇳 China’s economy is a mess. Why aren’t firms going under?
🇨🇳 China’s approach to fixing its economy could cause a trade war.
🇸🇪🇺🇦 Sweden says supporting Ukraine is its top foreign policy priority.
💎 Wealth Watch
Nearly half of Americans carry credit card debt, up 10% from 2021.
🗳️ Outside the Box
Americans are discovering the joy of a true pint of beer.
WTF are Stanley Cups, and why are they so popular?
📺 What to Watch Today
📈 Trends you need to know
Search results are from our friends at Glimpse, my favorite way to spot trends.
Will this ridiculous trend move markets?
That’s all for today. Did we miss anything? Smash the reply button to let us know.
Cheers,
Wyatt
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