| | | | | Did you miss last week’s Altea highlights? We’re investing in a rugby team, and you can too. 🏉 | |
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| | Earn $500 when you open an IRA before tax day | Taxes are due soon, and IRAs are the ideal way to add alternative assets to a tax-advantaged retirement account. | This year, our friends at Yieldstreet are offering $500 when you open a retirement account and make an eligible investment. | | How it works: | Open the account. Create an Equity Trust account through Yieldstreet by April 15, 2024. (They'll help you roll over a 401(k), transfer an existing IRA, or contribute new funding) Invest and earn. Make an eligible Yieldstreet investment in your new retirement account by May 31, 2024 | Yieldstreet offers more alternative asset classes for IRAs than any other platform — everything from real estate to private credit to crypto. | | Offer expires Apr 15 (tax day!) | SPONSOR | | 📰 Market Headlines | | Markets were marooned, waiting on today’s CPI report. The Nasdaq and S&P 500 posted modest gains, while the Dow closed flat.
The CPI report prints today at 8:30 a.m. ET, with an expected March “core” inflation of 3.7% a slight slowdown vs the 3.8% annual increase seen in February. Traders hope it will print at or below expectations and re-assure the Fed’s path towards rate cuts this summer. If it comes in hot, expect some chaos. The FAA has begun investigating a Boeing whistleblower's quality claims on 787 and 777 jets, dropping share price by 2%. Rising commodity prices, driven by a brighter global growth forecast, are challenging central banks' interest rate strategies as they remain wary about inflation. The National Federation of Independent Business reported its small business optimism survey scored 88.5, the lowest score since December 2012. |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🧠 What do you think? | 🎤 What you said last time | | 💬 Have your say | What will CPI be today?Answer before the announcement -- no cheating | | | 📈 Trends you need to know | |
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| Slowly but surely, Boomers are moving their real estate investment accounts online, too. |
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| | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | HSBC has announced it is selling its Argentina business to Grupo Financiero Galicia at a $1 billion loss due to, "hyperinflation in the region and a sharp currency devaluation." WD-40 reported Q2 revenue of $139.1 million, missing consensus and dropping the stock price by 1.6%, down 6.54% in the last 3 months. Tilray Brands missed Q3 revenue targets by $10 million, dropping stock 20.6%. Neogen shares tumbled over 5% after the company cut its fiscal 2024 sales and adjusted EBITDA guidance. | Market movers | Intel unveiled Gaudi 3, a new AI chip over twice as power-efficient and 1.5x faster than Nvidia's H100 GPU. Moderna jumped 6.2% after its individualized cancer vaccine developed with Merck showed promise in an early-stage trial. Nvidia shares tumbled 2% after Google unveiled a new AI chip. Alphabet rose 1.28%. Google demonstrated its Gemini AI model is enterprise-ready, with new features for advertising, cybersecurity, and content creation. | Ideas, trends, and analysis |
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| A new study revealed Germany's economy remains highly dependent on China, responsible for over half of its imports. Global firms with China units are tempted by cheaper yuan-based funding as China's central bank keeps liquidity loose. Domestic shocks in emerging G20 economies are increasingly impacting growth in advanced nations. |
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| | 🌍 Global Perspectives | 🇮🇱 🇵🇸 Israeli Prime Minister Benjamin Netanyahu set a date for a military offensive into Rafah. 🇷🇺 🇰🇿 Russia and Kazakhstan evacuated over 100,000 people during the worst flooding in the area in at least 70 years. 🇧🇬 Bulgaria's president appointed a caretaker government and called snap parliamentary elections for June 9. 🇩🇪 Germany denied accusations at the World Court that it was aiding genocide in Gaza by selling arms to Israel. 🇲🇽 🇪🇨 Mexico said it is filing a complaint against Ecuador with the International Court of Justice over the storming of its embassy in Quito, Ecuador. |
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| | | 🧠 Errata | The Florida woman who stole Ashley Biden's diary was sentenced to a month in prison. Kansas City superfan known as "ChiefsAholic" was ordered to pay $10.8 million to a bank teller he threatened during a robbery. An Idaho man was arrested for planning ISIS-inspired attacks on churches using knives, firearms, and fire. |
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| | 📺 What to Watch Today | | How Much Is Donald Trump's Truth Social Really Worth? |
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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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