🪨 Rock bottom consumer confidence sunk the markets

👷 While labor costs continued to rise

ICYMI, we did a Q&A session for the Alts 1 Fund yesterday. You can watch the recording here and express interest in the fund here.

🌾 From the farm to your bank account

To feed the world’s growing population, farmers will need to produce as much food over the next 40 years as they produced in the last ten thousand.

We'll need big investments in farms and agribusinesses. That's why ​Harvest Returns​ offers exclusive private opportunities for investing in farming and ranching operations.

It's hard to imagine a world where farmland investing isn't valuable. That's where Harvest Returns comes in.

Invest in:

🚜 Ranches and Farms

  • Invest in helping American farmers start + grow operations.

  • You can invest in projects such as hydroponic farms, indoor aquaculture facilities, or vineyards for $5,000

🌱 AgTech Companies

Lately we've been exploring Harvest's newest offering: their ​Private Credit Fund​.

🆕 Private Credit Fund

  • Diversified assets across varied agriculture sectors+geos

  • 1-3 year maturity debt notes (to leverage high interest rates)

  • Quarterly cash distributions.

  • First distribution is projected for JuneHigh targets: 14.5% IRR and a 1.5x exit multiple

📰 Market Headlines

  • Markets tumbled to close out a wild April, with major indexes posting their worst monthly declines since September.

  • The Dow sank 1.5% yesterday, while the S&P 500 and Nasdaq slid 1.6% and 2%, respectively. Crypto also plummeted, only more so and.

  • US labor costs rose more than expected last quarter while consumer confidence hit a 1.5-year low.

  • Amazon shares popped 5.5% after hours on strong Q1 earnings and strong ad revenue.

  • Cannabis stocks surged up to 68% after the US Justice Department moved to reclassify marijuana as a Schedule III drug, which would have massive tax benefits for growers.

  • Armed police removed protesters at Columbia University last night.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

GDP forecasts bounced back as vibes overtook logic and or reason.

😱 Fear and Greed Index

🎤 What you said last time

📈 Trends you need to know

.

Consumer confidence hit a one-year low in April.

🧠 What do you think?

💬 Have your say

🚨 Were the police right to remove protesters at Columbia University?

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

  • Starbucks reported a surprise 4% drop in global same-store sales and crashed 8%.

  • Pinterest skyrocketed over 18% as Q1 revenue leaped 23%.

  • Coca-Cola lifted its full-year organic sales forecast to 8-9%, shares nudged down .6%.

  • McDonald's stock wavered between gains and losses after a rare earnings miss.

  • Super Micro reported Q3 revenue below estimates, down by 13%.

  • PayPal earnings jumped 27% under a new accounting method, while revenue climbed 9%. Shares rose 1.4%.

  • Sirius XM reported losing 359,000 self-pay subscribers, plummeting stocks by 7.26%.

  • AMD's data center business surged 80% but gaming revenue plummeted 48%, dropping shares 9.6%.

Market movers

  • Tesla slashed nearly all of its 500-person Supercharger team.

  • Former Binance CEO Changpeng Zhao was sentenced to 4 months in prison for enabling money laundering.

  • Microsoft and OpenAI were sued by news publications, including the New York Daily News and the Chicago Tribune, for using their articles to train AI without permission.

  • The FCC has reinstated "net neutrality" rules, allowing it to regulate internet providers.

  • The EU opened an investigation into how Meta handles political content and disinformation on Facebook and Instagram.

Ideas, trends, and analysis

🌍 Global Perspectives

  • 🇳🇮 🇩🇪 🇮🇱 The International Court of Justice ruled against issuing emergency orders to stop German arms exports to Israel.

  • 🇦🇹 Austria's Beer Party will run in this year's parliamentary election.

  • 🇵🇭 🇨🇳 The Philippines accused China's coast guard of damaging two of its vessels in a disputed area of the South China Sea.

  • 🇪🇺 The G7 is set to sign an agreement to exit coal power by 2035.

📊 Crypto

  • Bitcoin fell under $60,000 trending down with the rest of the market.

  • Hong Kong's spot BTC ETFs drew just $8.5 million in volume on debut.

  • Ex-Revolut exec raised $6.5 million for hybrid crypto exchange X10 aiming to combine CeFi speed with DeFi security.

🧠 Errata

  • A drunk man was injured and arrested after kicking a bison in the leg at Yellowstone National Park.

  • Asteroid hunters spotted 27,500 overlooked space rocks using a new algorithm, more than all the world's telescopes found last year.

  • A Japanese town is erecting a 65-foot barrier to block a popular Mount Fuji view and drive away misbehaving tourists.

📺 What to Watch Today

This is quite good.

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

Cheers,

Wyatt

Reply

or to participate.