| | | | | Today is the last total solar eclipse in the USA for twenty years, and the next one is mostly in Canada. You can pop over to Spain in 2026 if you miss out today, though. |
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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 | | Stocks rebounded Friday after a brutal week, with the Dow up 0.8%. The S&P 500 rose 1.1% and the Nasdaq added 1.2%. The rally came after a blowout jobs report that showed the US added 303,000 jobs in March. The strong labor market is keeping the Fed on edge about inflation. Some officials are even considering another rate hike. The odds of a June rate cut have plummeted to 40%. Inflation data will be key this week, with the CPI report due Wednesday and PPI on Thursday. Wall Street expects a 3.7% annual CPI gain. Kalshi is significantly lower at 3.4% It’s earnings season again! Big names like Delta Air Lines, BlackRock, Wells Fargo, and plenty more report in this week. Oil prices jumped this week on Mideast tensions and supply concerns, with some analysts saying $100 per barrel is possible in the coming months. Gold continues to rise as well. There’s a total solar eclipse over the USA today, but much of it could be marred by cloud cover. The last eclipse cost the American economy $700 million. The next total solar eclipse visible in North America will be 20 years. I get to see one in Spain in 2026. 🎉 Congrats to South Carolina, who completed their undefeated season to win the Women’s NCAA basketball title. They beat Caitlin Clark’s Iowa in the finals. The Men’s final is tonight at 9:20 EST as Purdue takes on favorites UConn. |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | Hey, look, we’re greedy again! | | | 🧠 What do you think? | 🎤 What you said last time | | Greedy | “I make money on the way up and the way down. No fear, only opportunity.” | 💬 Have your say | Happy Solar Eclipse Day. | How psyched are you for the eclipse? | | | 📈 Trends you need to know | |
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| You can predict the eclipse’s path based on search volume. |
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| | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | The second week of Q2 is a busy one with many earnings reports to tune into: Tuesday: WD-40 (WDFC), Tilray (TLRY) Wednesday: Delta Air Lines (DAL), Rent the Runway (RENT) Thursday: CarMax (KMX), Constellation Brands (STZ) Friday: BlackRock (BLK), Citigroup (C), JPMorgan (JPM), Progressive (PGR), State Street (STT), Wells Fargo (WFC) | Market movers | The Netherlands plans to align with US demands restricting ASML's chip equipment exports to China. The FAA began investigating a Southwest Airlines Boeing 737-800 that lost an engine cowl during takeoff. Canadian Airbus A220 jet workers rejected a second company offer. China's central bank has set up a $70 billion re-lending program to support small tech companies. The first trial in lawsuits against Warren Buffett's BNSF Railway, linked to asbestos pollution that caused hundreds of deaths, is set to begin. Job cuts: Apple laid off over 600 employees, likely those involved in its now-defunct electric vehicle project. Best Buy's Geek Squad was hit by mass layoffs last week. | Ideas, trends, and analysis |
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| Companies with extensive AI experience are more than twice as likely to be open to a four-day workweek compared to those without. US banks added 94 new branches in 2023, the first annual increase since 2012. Oracle's Larry Ellison predicts every government will want a "sovereign cloud" in the future. Constellation Brands is poised for beer market share gains as competitors like Bud Light face shelf space cuts. |
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| | 🌍 Global Perspectives | 🇺🇸 A 4.8-magnitude earthquake struck near New York City, shaking buildings up and down the East Coast. 🇲🇽 🇪🇨 Mexico suspended diplomatic ties with Ecuador after Ecuadorian authorities stormed its embassy in Quito to arrest a former vice president convicted of corruption. 🇮🇱 The IDF withdrew ground forces from Khan Younis in southern Gaza but said it is "far from stopping" operations in the strip. 🇵🇭 🇨🇳 The Philippines and China traded accusations over an encounter in disputed South China Sea waters. |
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| | 📊 Crypto | | Three tourist cities in Brazil are using Bitcoin as everyday money. Bankrupt crypto lender Genesis purchased 32,041 bitcoins worth over $2.17 billion to repay customers after selling nearly 36 million GBTC shares. Michael Saylor called Bitcoin "the best investment asset" and "the apex property of the human race." Bitcoin's acceptance as "digital gold" may enable continued demand as ETFs mitigate volatility. | |
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| 🧠 Errata | At 111, John Alfred Tinniswood is now the world's oldest man. Mexico's presidential palace cats have been declared "living fixed assets", obligating the government to care for them forever. |
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| | 📺 What to Watch Today | | 2024 Total Solar Eclipse: Through the Eyes of NASA (Official Broadcast) |
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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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