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MF’ers, I’ve been telling you for YEARS to leave Florida. | | Wyatt Cavalier @itiswyatt | |
| What in the world did the Big Bend part of Florida do to anger the gods? | |
| | 1:43 AM • Oct 8, 2024 | | |
| 0 Likes 0 Retweets | 0 Replies |
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| Stay safe, all those who haven’t heeded. | If you’re in Milton’s path…RUN. |
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📰 Market Headlines |
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US stocks tumbled yesterday as Treasury yields rose and Middle East tensions escalated. |
The Dow fell 0.95%, the S&P 500 dropped 1% while the Nasdaq Composite fell 1.2%. The 10-year Treasury yield breached 4%, its first breach since August, as traders reduced expectations for Federal Reserve rate cuts.
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A Delaware judge approved FTX’s reorganization plan, clearing the way to return $14 billion to creditors. |
Nvidia's market capitalization overtook Microsoft's on Monday, making it the second-largest company in the world behind Apple. |
Costco's gold bars sold out at 77% of surveyed stores, even as gold prices hit record highs. |
Hurricane Milton is now a Category 5 storm, the fifth strongest in recorded history. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
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What you had to say: |
“Half the Republican party can't get their head out of the 1940's” |
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🧠 What do you think? |
Surely this is the last major hurricane of 2024? |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
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Market movers |
A US judge ordered Google to open its app store to competition and restrict in-app payment prohibitions for three years. Match Group named Steven Bailey as its new CFO, effective March 1, 2025. Hyundai started electric SUV production at its new $7.6 billion Georgia plant. OpenBB launched a free web app of its financial research platform. Apple released macOS 15.0.1, fixing bugs that disrupted several cybersecurity products.
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Ideas, trends, and analysis |
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Robot orders in North America plunged 31% as manufacturers cut automation. Goldman Sachs lowered recession odds to 15% after robust payroll data. Social Security COLA for 2025 was forecast at 2.5%, the smallest in four years. US crude oil jumped 3.71% as markets awaited potential Israeli strikes on Iran's oil facilities.
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🌍 Global Perspectives | | 🇲🇽 The mayor of Chilpancingo, MX was assassinated six days after taking office. 🇭🇹 Haiti's transition council disputed the rotating presidency handover due to corruption accusations against three members. 🇧🇷 Center-right parties won most city halls in Brazil's municipal elections. 🇦🇲 🇦🇿 Armenia hopes to sign peace articles with Azerbaijan within a month. 🇺🇸 🇮🇳 🇮🇹 🇷🇴 The US State Department approved $965 million in defense sales to India, Italy, and Romania.
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📊 Crypto | | Hong Kong expanded crypto licensing to boost its digital asset hub status by year-end. Solana led 87% of DEX token launches in 2024, with Base second. FTX's bankruptcy plan received court approval, promising 98% customer repayment in 60 days. Ethereum's EIP 7781 proposes a 33% transaction increase by reducing slot time. Vitalik Buterin donated $182,000 in ETH to fight airborne diseases after receiving billions in Moo Deng meme coin tokens.
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🧠 Errata | A British woman’s motorcycle stunt rider application resurfaced after 50 years in a post office drawer. An off-duty Washington trooper rescued two dogs on I-90, reuniting one named Bowie with its owner. YouTuber Jack Doherty crashed his $200,000 McLaren while livestreaming. Two British brothers-in-law pulled cars 32 miles in 24 hours, breaking their own Guinness World Record for charity.
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📺 What to Watch Today |
| YouTuber Jack Doherty Crashes McLaren During Livestream |
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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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