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| | | | Switzerland has a lot of very tall mountains. | |
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🏡 Tap into home equity without borrowing |
This week we're exploring a new alternative asset class that has quietly but swiftly materialized: home equity investing. |
Home equity investments (HEIs) provide homeowners a lump sum upfront payment, without loading them up with debt. |
Hometap opens up access to this asset class. Fund managers, insurance companies, family offices and accredited individuals can now get a very unique type of exposure to the US residential real estate market. |
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Home equity investing is a fascinating concept that hasn’t really existed before — at least not in a broad consumer sense. |
Now's the time for the industry to shine, and as you'll see in this issue, Hometap is carving an intelligent path forward. |
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📰 Market Headlines |
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A Fed official spooked investors into a retreat after saying there might be no rate cuts in 2024. A will-they-won’t-they reversal from Powell’s statements the day before. "If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all. There's a lot of momentum in the economy right now." - Minneapolis Federal Reserve Bank President Neel Kashkari [Ed: I agree] Equities fainted in response. The Dow slumped 1.4%. The S&P 500 fell 1.2% and the Nasdaq Composite slid 1.4%. Ouch.
The March jobs report prints today and is expected to show nonfarm payrolls rose by 213,000 while the unemployment rate dipped to 3.8%. The US trade deficit widened to $68.9 billion in February, the largest disparity since last April.
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
This is the most negative the index has been since 2023. |
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🧠 What do you think? |
🎤 What you said last time |
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💬 Have your say |
The Fear and Greed index is the lowest it’s been since 2023. How are you feeling? |
Are you |
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📈 Trends you need to know |  | Search volume in Italy |
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Is Alphabet buying Hubspot at the top? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Alphabet has begun discussing a $32 billion offer for marketing tech firm HubSpot. ConAgra Brands reported better-than-expected Q3 results and saw stocks rise 5.4%. AbbVie stock slipped 5.3% after revising Q1 guidance. Levi Strauss climbed a total of 12% after beating Q1 expectations on late Wednesday. AngioDynamics missed estimates but rose 11.9% following FDA approval of a new medical device.
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Market movers |
TikTok has publicized its economic impact through a newly commissioned report ahead of potential ban. Paramount's stock plummeted nearly 10% due to rumors of a buyout. Disney CEO Bob Iger says the company plans on launching its first real foray into paid password sharing in June. Boeing and Airbus are exploring a framework to divvy up operations of Spirit AeroSystems. Donald Trump is scheduled for deposition in a dispute over the ownership of Trump Media & Technology Group.
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Ideas, trends, and analysis |
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🌍 Global Perspectives | 🇩🇰 A faulty missile launcher on a Danish navy vessel triggered a closure of airspace and shipping traffic in the busy Great Belt strait. 🇷🇺 The Kremlin said Russia and NATO are now in "direct confrontation." 🇻🇳 🇨🇳 China's Chery signed a joint venture to set up an $800 million automobile factory in Vietnam. 🇨🇭 Switzerland's population grew at its fastest rate in 60 years in 2023. 🇮🇷 Sunni militants in Iran killed 11 security force members in attacks on Revolutionary Guards headquarters. 🇭🇹 The UN's top Haiti expert warned the country is rapidly becoming "like Somalia in the worst of its times."
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📊 Crypto | | Bitcoin rallied 4.5% to above $68,750. Spot Bitcoin ETF flows turned positive this week, adding $113.5 million, as Grayscale's GBTC outflows slowed to $75.1 million. Binance is ending support for Bitcoin NFTs on April 18, less than a year after adding it. Ethena Labs added Bitcoin as a backing asset for its USDe stablecoin.
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🧠 Errata | According to a new study, plants scream when distressed. Thieves pulled off an elaborate heist, stealing $30 million in cash from an LA storage facility on Easter Sunday. NASA announced they are creating a new time zone for the Moon. A dog named Mishka, missing from California since last summer, was found in Michigan.
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📺 What to Watch Today |
 | How students at a renowned Swiss #watchmaking school craft a $172,000 #LuxuryWatch. #watch |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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*Disclosures: Paid for by Public Investing. Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document. If you are enrolled in Public's Options Order Flow Rebate Program, Public Investing will share 50% of our estimated order flow revenue for each completed options trade as a rebate to help reduce your trading costs. Must activate Options Account by March 31 for revenue share. To learn more, see Fee Schedule. US members only. |
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