We’re Hiring

​Alts.co is growing exponentially, and while that’s great, it’s become clear we need someone behind the scenes to do the yeoman’s work of keeping things running smoothly.

Ideally, you’ve got a few years of experience in a fast-paced fintech environment and are fluent in not just accounting but fund accounting. You’re exceptionally commercially oriented and aren’t afraid to speak up (and take action!) when you see something that could be done better, cheaper, or more profitably.

You must have experience working remotely and be comfortable in your own skin.

​View the full role profile and apply here.

• Still waiting on PCE; all major indexes were stagnant. What to expect from Thursday's report.

• Bitcoin continues to really really rip:

  • Price above $58,000 and $2 trillion market cap recovered.

  • MicroStrategy bought $150 million in BTC over the past 10 days, raising its total holdings to $11 billion. Shares flew up 27%.

• Barclays upped its S&P 500 target to 5,300 and claimed the bull case for 6050 is looking more likely.

• The Russell 2000 small cap index notched up for the fourth winning day in a row, beating the big guys for growth.

• It's time to rethink the 'Magnificent Seven' moniker. Apple, Alphabet, and Tesla ain't so magnificent anymore.

• Consumer confidence has begun to tank.

It's a blip, nothing more. Fresh tech, fresh bugs. AI loves to generalize in odd ways from its training data, frequently making perfectly viral inhuman mistakes.

Check out Google’s apology post here.

📈 Trends you need to know

Ideas, trends, and analysis

• JPMorgan strategists caution investors to prepare for 1970s-style 'stagflation'.

• 80% of CEOs are hyping gen-AI, yet 40% of desk workers have received no instructions.

• Palantir divides analysts.

• Three hidden gems to gamble on.

• Seven stocks space-race stocks with cosmic gains, from tourism to satellite communications.

🌍 Global Perspectives

• 🇳🇿 New Zealand repealed a world-first tobacco ban. Smoke ‘em if you got ‘em.

• 🇺🇸🇮🇱 Biden announced Israel agreed to halt military activity over Ramadan.

• 🇱🇧 Hezbollah will pause fire if Hamas agrees to a Gaza truce, continuing the cycle of conditional ceasefires.

• 🇷🇺🇺🇦 The Kremlin warned if any NATO members send troops to Ukraine, the conflict will spread.

• 🇺🇬 Thousands of Ugandans may sue over unpaid wages and medical bills from U.S. security work in war zones.

• 🇺🇸 Janet Yellen urged unlocking frozen Russian Central Bank assets for Ukraine's reconstruction.

📊 Income

• Great analysis of the pros and cons of dividend ETFs in the modern market.

• Five unknown dividend kings, from natural gas to cigarettes.

• 3M's dividend might face a cut amidst lawsuits and financial strain.

📊 Crypto

• Kraken challenged Coinbase's dominance in Bitcoin ETF custody with a new institutional service.

• Returns from Bitcoin halvings have diminished each cycle, with the market expanding less with each event.

🧠 Errata

• Choose North Korea for your next ski trip! Tourism returns to the hermit kingdom.

• Billionaire bunkers are full of guns and gold.

• More Americans are more concerned about immigration than the economy.

• The Humane AI Pin, a wearable assistant, is surprisingly impressive but limited by immature hardware.

• Over 70 Senegalese migrants were packed into a cramped basement in NYC, charged $300/month each, sleeping in shifts.

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

Cheers,

Wyatt