📅 Sell in May? No way.

💸 Unless inflation comes in hot Wednesday.

I’m traveling for the next couple of weeks, so your Stocks and Income issues may come later in the day than usual.

Take Advantage of Rent Growth in High Demand Texas Market

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This property offers a unique farmhouse style with 356 ”Class A” units and exceptional amenities that will set the standard in the local market.

BV Capital believes that multifamily ground-up construction presents a significant opportunity for investors today, as they expect a supply-demand imbalance to materialize in the Texas multifamily market come 2025.

Projects that manage to get off the ground now, like Landhaus at Gruene, will be there to meet that demand — and even benefit from higher rental rates.

The offering is approximately 90% subscribed — accredited investors don’t miss your chance to be part of this exciting project.

📰 Market Headlines

  • Stocks rallied last week, defying the "sell in May" adage. The Dow posted its longest win streak since December.

    • The S&P 500 is up over 9% year-to-date, nearing its late-March record high after a 5% pullback last month.

    • This week's April CPI report will be crucial. Economists expect a 0.3% monthly increase and a 3.4% annual rise. Kalshi expects 3.5%

  • Fed officials spent the week reinforcing Chair Powell's "higher for longer" stance on interest rates.

  • The University of Michigan's consumer sentiment index fell to a 6-month low in May, with one-year inflation expectations rising to 3.5% from 3.2%.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

Markets have given up on a June cut. November is now the earliest likely(ish) date.

😱 Fear and Greed Index

🎤 What you said last time

This comment feels most right to me:

“Inflation. During COVID-19, people had excess time with excess stimulus cash. Now loan repayments have kicked back in, the dollar is worth less at the store, and adding the monthly cost of a dog on top of being back in the office doesn’t add up. I say this as a very proud rescue dog dad who hopes the trend goes back to more adoptions.”

📈 Trends you need to know

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I stumbled on this over the weekend for no reason in particular.

🧠 What do you think?

💬 Have your say

🐕 Why has interest in dog adoption plummeted near all time lows

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

  • Earnings season is winding down, but keep an eye on this latest batch of reports coming out this week:

Market movers

  • Pfizer and AstraZeneca pledged nearly $1 billion in investments in France before the annual "Choose France" business summit.

  • South Korea announced plans to offer more than $7 billion for its semiconductor industry to win the global chip "war".

  • Chinese companies won bids to explore five Iraqi oil and gas fields. Beijing is aiming to boost domestic gas production, ending imports from Iran.

  • Apple was warned that its rumored "web eraser" ad-blocking tool in iOS 18 would jeopardize the financial sustainability of journalism.

Ideas, trends, and analysis

  • The US overtook China as Germany's biggest trading partner in early 2024.

  • Tesla is eyeing Thailand as an alternative EV manufacturing hub to reduce reliance on China as the US threatens tariffs.

  • The art auction market has slowed, with sales at Christie's, Sotheby's, and Phillips dropping 18% in May due to pricing disagreements.

  • Layoffs in Tesla's EV charging team have threatened President Biden's $5 billion initiative to equip US highways with 500,000 chargers by 2030.

🌍 Global Perspectives

  • 🇺🇳 🇵🇸 The UN General Assembly voted 143-9 to grant Palestine new "rights and privileges."

  • 🇺🇦 🇷🇺 Ukraine is losing ground in the Kharkiv region.

  • 🇲🇽 A heat wave in Mexico broke temperature records in 10 cities, causing nationwide blackouts.

  • 🇦🇫 Flash floods devastated villages in northern Afghanistan, which killed 315 people and injured over 1,600.

  • 🇷🇺 Putin replaced Sergei Shoigu as defense minister.

📊 Crypto

  • JPMorgan Chase disclosed investments in Bitcoin ETFs from Grayscale, ProShares, Bitwise, BlackRock, and Fidelity.

  • Ark Invest and 21Shares dropped staking plans from their updated spot Ethereum ETF proposal.

  • Visa, Mastercard, JPMorgan, and Citi revealed plans to test a blockchain-based system for tokenizing assets.

  • Bitcoin miner CleanSpark reported a record-breaking quarter, with revenue soaring 163%.

🧠 Errata

  • Pennsylvania police have begun using crime-fighting drones to catch shoplifters, boosting their retail theft clearance rate to 62%.

  • The asteroid Apophis will come within 30,000 miles of Earth in 2029 and scientists plan to land on it.

  • On Friday, the strongest solar storm in over two decades struck Earth, creating breathtaking auroras.

📺 What to Watch Today

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

Cheers,

Wyatt

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