📈 Nvidia smashes through $1,000

🪦 But, RIP to crypto's favorite dog and Bill Walton

We’ve got a special announcement coming out later today. Keep an eye on your inbox. 👀👀👀

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📰 Market Headlines

  • Traders are bullish heading into an abridged week. The big events to watch are the consumer confidence data out today and the PCE reading on Friday.

  • The Fed likely won't cut rates this summer after stronger economic data. Markets now expect just one cut by year-end.

  • Six NATO countries announced plans to build a "drone wall" to protect their borders against Russia.

  • Storms that killed 21 in the central US are moving to the Northeast, where 30 million are under severe thunderstorm watches.

  • RIP to UCLA, NBA, and announcing great Bill Walton.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

The November rate cut odds keep trickling lower.

😱 Fear and Greed Index

🎤 What you said last time

Big energy pointing toward a continued bull run for crypto.

📈 Trends you need to know

Nvidia smashed through $1,000 last week.

🧠 What do you think?

💬 Have your say

🏀 More legendary UCLA player: Bill Walton or Kareem Abdul-Jabbar

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

Another action-packed earnings week! Here's who to look out for:

  • Tuesday: Box (BOX), Cava (CAVA)

  • Wednesday: Abercrombie & Fitch (ANF), Advance Auto Parts (AAP), American Eagle (AEO), C3.ai (AI), Chewy (CHWY), Dick's Sporting Goods (DKS), HP (HPQ), Salesforce (CRM)

  • Thursday: Best Buy (BBY), Birkenstock (BIRK), Build-a-Bear Workshop (BBW), Burlington Stores (BURL), Costco (COST), Dollar General (DG), Foot Locker (FL), Kohl's (KSS), Ulta Beauty (ULTA)

  • Friday: BRP (DOO.TO)

Market movers

  • Elon Musk's AI startup xAI raised $6 billion to fund its race against OpenAI.

  • NASA invested in an innovative superalloy through its Technology Transfer Program, enabling mission technologies for commercial use.

  • Iyo launched Iyo One, a pair of generative AI earbuds starting at $599.

  • Brazilian airline Gol has planned a bankruptcy exit involving a $1.5 billion capital injection and $2 billion debt refinancing.

  • Nokia has announced plans to supply 5G radio equipment to Portugal's MEO.

  • Lucid Motors axed 6% of its workforce, amounting to over 400 workers.

  • Takeda, the largest drug maker in Massachusetts, laid off 641 employees.

Ideas, trends, and analysis

  • The North American creator economy market is forecasted to soar to $142.91 billion by 2030.

  • Nvidia CEO Jensen Huang's net worth skyrocketed from $3 billion to over $90 billion in just five years.

  • China's economic growth is projected to fall below that of the US by 2031 as its rapidly aging population slows expansion.

  • New data revealed the number of Americans living in distressed zip codes has climbed from 50 million in 2018 to 52 million in 2023.

  • London's economy is expected to outperform the national average, with 1.1% GDP growth in 2024 and 2.5% annually from 2025-2028.

🌍 Global Perspectives

  • 🇮🇱 🇵🇸 Israel's Prime Minister Benjamin Netanyahu called the deadly airstrike on a camp that killed 45 people and wounded 200 in Rafah a "tragic mistake."

  • 🇵🇬 Papua New Guinea's government told the UN that more than 2,000 people were buried alive by last week's landslide.

  • 🇮🇹 Amazon's AWS is in talks with Italy to invest billions of euros as part of a push to boost its cloud offerings in Europe.

  • 🇺🇳 The UN resumed transporting humanitarian aid off the coast of the Gaza Strip after deliveries were halted for two days.

📊 Crypto

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  • The Shiba Inu dog who inspired the iconic 'Doge' meme and Dogecoin passed away at age 18.

  • Spot Ether ETFs are now officially legal in the US.

  • Ethereum meme coins PEPE and MOG hit lifetime highs on the back of US ether ETF filing approvals.

  • Farallon Capital disclosed an $85 million investment in Grayscale's GBTC in Q1 filings.

🧠 Errata

  • Arizona's Secretary of State used a deepfake of himself to warn voters about AI-generated disinformation.

  • A Colorado rancher and 34 of his cows were killed by lightning while he was feeding them.

  • An 81-year-old man was arrested for terrorizing a neighborhood for 10 years with a slingshot.

  • Hawaii's Kilauea volcano could erupt like a "stomp-rocket toy."

📺 What to Watch Today

The closest thing to an obituary right here.

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

Cheers,

Wyatt

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