| | | | | I’m in Lousanne, Switzlerland today. If you’re here too, let’s grab a coffee. |
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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. | | 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. | | SPONSOR | | 📰 Market Headlines | | Fed Chair Powell reassured investors that rate cuts are coming and stocks ended slightly higher after a choppy session. He reiterated the Fed's wait-and-see approach on rate cuts, noting recent data hasn't changed the overall economic picture. The S&P 500 gained 0.14% while the Nasdaq rose 0.23%. The Dow slipped 0.09%.
Disney prevailed over activist investor Nelson Peltz in a bitter proxy battle, as shareholders backed CEO Bob Iger. Taiwan's 7.2 magnitude earthquake, the strongest in 25 years, killed at least 9 and left 50 missing. However, TSMC looks earthquake-proof.
Crude oil prices steadied after the OPEC+ committee recommended no changes to the group's production policy. Two men pleaded guilty to insider trading related to the merger that took Trump Media & Technology Group public.
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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 | Shares of $DJT are down bigly over the last few days. Where does it go from here? | 🎰 By November, shares of $DJT will be | | | 📈 Trends you need to know |  | Search volume in Italy |
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| $DJT has had a rough week, shedding around $4 billion in value. Did you read (and act on) our guide to $DJT options? |
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| | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Levi Strauss exceeded revenue estimates with $1.6 billion and surpassed EPS forecasts, boosting shares by 7%. BlackBerry exceeded Q4 expectations by 15%, propelling shares up 7%. Dillard's full-year revenue fell 1.7%, but EPS beat expectations by 7%, causing shares to rise 1.5%. Ondas Holdings revenue soared to $15.7 million, beating estimates by 4.7%, but EPS missed by 14%; shares still jumped 12%. GSE Systems shares rose 12% after reporting a net loss of $8.72 million in 2023, an improvement from the $15.2 million loss in 2022.
| Market movers | Spotify will hike subscription prices by $1 to $2 per month in several markets, including the US, UK, and Australia. President Biden proposed tax hikes on corporations and wealthy Americans. Apple has reportedly begun exploring personal home robot development after shutting down its electric vehicle project in February.
| Ideas, trends, and analysis |
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| | | 🌍 Global Perspectives | Ukraine lowered its conscription age from 27 to 25 in an effort to boost troop numbers. 🇿🇼 Zimbabwe's President Emmerson Mnangagwa declared a national disaster as the country grapples with a prolonged drought crisis and faces a $2bn hunger relief bill. 🇮🇳 A new survey shows Indian Prime Minister Modi's party could sweep away the opposition Congress in the upcoming election. 🇨🇳 🇩🇪 A flood of cheaper Chinese industrial products is expected to slam into Germany and Europe as China looks to boost exports as domestic demand slows. 🇿🇦 South Africa's Speaker of Parliament Nosiviwe Mapisa-Nqakula resigned after police raided her home during a corruption investigation.
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| | | 🧠 Errata | The same crane helping clear the Baltimore bridge collapse once aided the CIA in a top-secret mission. One of the world's oldest books, a 1,700-year-old Coptic codex, could fetch over $2.6 million at auction. Swiss federal ministers are giving up their $4,000 annual ski passes after public outcry over government perks. Two new Jurassic mammal species show how our jaws evolved into ears millions of years ago.
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| | 📺 What to Watch Today | This is one of the most insane things I’ve ever seen. |  | Killing In The Name Performed By The North Korean Military Chorus (Rare Footage) |
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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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