Nobody wins in a strike... except Elon

Plus, competition is coming for the NFL

21 Sep

*past 24-hour performance

  • Pause: Federal Reserve officials voted to hold interest rates steady at a 22-year high but signaled they were prepared to raise rates once more this year to combat inflation (WSJ)

  • Fewer interest rates cuts ahead: The Fed’s new projections indicate that policy makers expect to cut rates by far less next year than they thought before. In June, they forecasted a year-end 2024 rate of 4.625%; Now, they forecast, that the federal-funds rate will be 5.125% at the end of next year (Reuters)

  • Global debt hits record $307 trillion: Global debt reached a record $307 trillion, driven by markets like the United States and Japan, increasing by $10 trillion in the first half of the year and raising the global debt-to-GDP ratio to 336% (Reuters)

  • American made: The Biden administration awarded $238 million from the Defense Department to establish eight U.S. hubs for semiconductor industry innovation, as part of an initial disbursement from nearly $53 billion allocated to bolster the domestic sector weakened by years of offshoring (NYT)

  • Nobody wins in a strike: General Motors and Stellantis said they have already laid off ~2,000 additional workers because of consequences related to the United Auto Workers strike; Tesla now best selling EV (CBNC)

  • UK’s green U-turn: British Prime Minister Rishi Sunak announced that the 2030 ban on the sale of petrol and diesel cars – and gas boilers – would be pushed back to 2035, sparking fierce criticism from MPs, environmentalists and other industry leaders (The Independent)

  • Football merger: To compete with the NFL, alt football leagues the USFL (owned by Fox) and the XFL (owned by Dwayne Johnson, Dany Garcia, and Redbird Capital) may merge (Axios)

  • Shopify scores quick win: Klaviyo (KVYO) shares jumped 23% in the marketing automation company’s IPO. Shopify (SHOP), an early investor, stands to gain a quick $295 million from a deal it struck with Klaviyo just last year (The Information)

  • Alexa gets a facelift: Amazon (AMZN) has unveiled a slew of gadgets and an update to its popular voice assistant Alexa, infusing it with more generative AI features to better compete with other tech companies who’ve rolled out flashy chatbots (AP)

Putting a valuation on Instacart (CART): After being valued at one point for than $50 billion reality has caught up with both the company and investors. So what’s the fair value of the company? Aswath Damodaran valueas the company at $29 per share. Read more »

High-yield dividend stocks (precious metals edition): Investing in high-yield dividend stocks is a common move for those looking to invest while enjoying a steady stream of income. Precious metal stocks in particular offer a unique opportunity as safe havens during economic uncertainty. Read more »

How to use the Fed’s policies to your advantage: While inflation was already putting the squeeze on consumers… the Fed’s interest rate hikes have exacerbated the situation. But there’s good news… Investors can actually use the Fed’s own policies to fight back… and collect steady, relatively high yields while taking minimal risk. Read more »

  • The billionaire keeping TikTok on phones in the U.S. (WSJ)

  • Fed-up consumers are increasingly going after food companies for misleading claims (NPR)

  • Ranked: The 20 Best Franchises to Open in the U.S. (Visual Capitalist)

  • China’s military spending Is much bigger than we thought (Bloomberg)

  • Former congressman is convicted of insider trading before T-Mobile merger with Sprint (NBC)

  • ChatGPT can now generate images, too (NYT)

Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies.

We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors.

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