🩸 There's blood in the (metaphorical) streets

🥊 Asian stocks and crypto are getting pummeled

Last week, we shared a film finance opportunity with our Altea members, and it set all kinds of records with over $3 million of interest.

We’ve carved out an allocation for our accredited Stocks and Income investors as well.

We’re taking commitments through this Friday.

Will this wearable wellness company get acquired?

Our new author Jeff Briskin thinks so.

​Sensate​ is an innovative device designed to reduce stress and anxiety using infrasonic therapy.

It uses a combination of vibrations and sound to stimulate the vagus nerve and destress your nervous system in just 10 minutes.

❝

My prediction is that Sensate will be acquired...most likely by a larger high-tech wellness device company with a more diversified product line.

— Alts contributor Jeff Briskin

Why you should consider ​investing in Sensate​:

  • Patented: Sensate stands out with its patented product utilizing infrasonic therapy

  • High demand: Sensate has 50,000 users, who have logged over sixty million minutes of use, or about 1,200 minutes per user. They've generated $15 million in revenue.

  • Primed for an acquisition: The wearable wellness market is growing by 13.8%/year, and is expected to hit $69 billion by 2028. Lots of room for M&A.

Learn more:

📰 Market Headlines

  • Wall Street is seeking recovery after last week's tech-led selloff sent Nasdaq into correction territory.

    • Japanese markets tumbled 13% today, while Taiwanese stocks fell more than 8%.

    • The S&P 500 fell more than 2.5% for the week, while the Nasdaq Composite fell over 3.7%.

    • Markets have priced in a 70% chance of a 50 basis point Fed rate cut in September and nearly a full point cut by the end of the year.

  • The US Commerce Department proposed barring Chinese software in autonomous vehicles, citing national security concerns.

  • Former President Donald Trump offered an alternative election debate with Vice President Kamala Harris on Fox News, who declined.

  • Michigan's secretary of state launched an investigation into Elon Musk's America PAC over potential violations related to voter data collection.

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via ​Kalshi​, the prediction market.

😱 Fear and Greed Index

🎤 What you said last time

What you had to say:

“Djibouti.”

📈 Trends you need to know

Prediction markets are showing four cuts (1% total) through the end of 2024.

🧠 What do you think?

How many rate cuts this year?

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

Brace yourself for a busy earnings week. Here's the lineup:

  • Monday: Avis Budget Group (CAR), Clover (CLOV), Hims & Hers Health (HIMS), Lucid (LCID), Palantir (PLTR), Simon Property Group (SPG), Tyson (TSN)

  • Tuesday: Airbnb (ABNB), Amgen (AMGN), Caterpillar (CAT), Celsius Holdings (CELH), Constellation Energy (CEG), Devon Energy (DVN), Reddit (RDDT), Rivian (RIVN), Super Micro Computer (SMCI), Uber (UBER), Wynn Resorts (WYNN)

  • Wednesday: CVS Health (CVS), Disney (DIS), Dutch Bros (BROS), Lyft (LYFT), Novo Nordisk (NVO), Occidental Petroleum (OXY), Robinhood (HOOD), Shopify (SHOP), Sony (SONY)

  • Thursday: Datadog (DDOG), e.l.f Beauty (ELF), Eli Lily (LLY), Novavax (NVAX), Paramount (PARA), Plug Power (PLUG), SoundHound (SOUN), The Trade Desk (TTD)

  • Friday: Canopy Growth (CGC), Nikola (NKLA)

Market movers

  • Neuralink implanted its brain chip in a second patient with a spinal cord injury.

  • Berkshire Hathaway slashed its Apple stake by almost half, selling shares worth about $56 billion.

  • Nvidia announced delays to its next-gen Blackwell AI chips production, pushing shipments from October 2024 to 2025.

  • India announced plans to curb ads on alcohol makers like Carlsberg, Diageo, and Pernod, banning surrogate ads and event sponsorships.

Ideas, trends, and analysis

  • The US money supply declined 3.21% from its April 2022 peak, the first drop of over 2% since the Great Depression.

  • The labor market cooled as unemployment rose to 4.3%, its highest since October 2021.

  • A CNET survey found 57% of Americans view energy efficiency upgrades as unattainable or not worthwhile.

  • Venture capital for sports tech startups surged 290% from 2019 to 2023, reaching $189.71 million last year.

Recommended Newsletter

🌍 Global Perspectives

  • 🇧🇩 At least 91 people died in Bangladesh as violent clashes erupted between protesters and police.

  • 🇬🇷 Santorini's tourism industry struggled with overcrowding, prompting plans to cap cruise ship passengers at 8,000 per day in 2025.

  • 🇮🇱 🇵🇸 Israeli airstrikes hit Gaza schools and a hospital compound, killing at least 44 Palestinians after peace talks failed.

  • 🇺🇦 Ukraine deployed US-made F-16 fighter jets for the first time in its conflict with Russia.

  • 🇾🇪 Yemen's Houthi rebels claimed their first attack on shipping lanes in two weeks, targeting a Liberia-flagged container vessel in the Gulf of Aden.

  • 🇸🇴 An Islamic extremist group killed 32 people in an attack on a beachfront in Somalia's capital, Mogadishu.

📊 Crypto

Bloody Sunday

  • The CFTC subpoenaed Ben "BitBoy" Armstrong's former company in a fraud investigation, requesting information on 15 tokens.

  • Morgan Stanley allowed wealth advisors to pitch Bitcoin ETFs to eligible clients with at least $1.5 million net worth.

  • Former President Trump floated using Bitcoin to pay off the $35 trillion US national debt, praising crypto innovation.

🧠 Errata

  • NASA's VIPER rover, a $450 million lunar water-hunter, sits in limbo as the agency scrambles to save the canceled mission.

  • Maui wildfire plaintiffs reached a historic $4 billion settlement with seven defendants.

  • Belgium withdrew from the Olympic mixed relay triathlon after an athlete who swam in the Seine River fell ill.

  • The world's largest iceberg, A23a, is trapped spinning on a Taylor Column near Antarctica, refusing to melt.

📺 What to Watch Today

This makes me seasick.

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

Cheers,

Wyatt

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