| Tequila is so hot right now. | | The most valuable journey you’ll take this year. | Tequila is the most popular spirit in the US, and it’s only getting more popular among savvy drinkers and investors. | I don’t talk about it here at Stocks & Income, but I run a fund focussing on alternative assets. | In October 2022, we bought six casks of 200L tequila for $25k. Today, they’re worth $48k. That’s a 92% jump in about 15 months. | It’s an underappreciated and still undervalued investment opportunity that intuitively makes sense, and we want to share the knowledge and opportunity with our community. | I want to invite you to our first-ever Investor Field Trip to Mexico, Feb 19 - 23. | This is a unique, all-inclusive adventure for serious investors. | Hear from experts in Mexican tequila, real estate, venture capital, startups, and infrastructure Meet CEOs, VCs, investors, fund managers, and other VIPs See world-famous tequila distilleries, art museums, and more Taste the world's finest tequila, agave, and mezcal Connect with Alts community members from around the globe
| Learn more here. |
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|  | *past 24-hour performance |
| | 📰 Market Headlines | CPI came in hotter than expected yesterday, printing 3.4% compared to a forecast of 3.2%. Recall the Fed has said it’ll keep rates up until it’s confident of a 2.0% print. Equity markets were muted to mixed, unsure how to cope with this narrative violation. Gold spiked after the UK and US dropped bombs on Houthi rebels yesterday. The Bitcoin ETF went live yesterday with over $4.6 billion in volume. PPI, which measures the costs producers are paying, comes out today. Forecasts are a 0.1% gain verse last month. Lots of big banks report earnings today, including JPM, Citi, BofA, and Wells Fargo.
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | | Despite a hot CPI print, traders still forecast a 66% chance of a rate cut in March. Kalshi is less optimistic at 40%. | I think there’s no chance unless CPI magically falls off a cliff next month, which is unlikely. | I’m going to put $50 on the No side of the March rate cut market on Kalshi. I’ll probably also load up on 0, 1, 2, and 3 rate cuts for 2024 via Kalshi. | [If you want to do the same, remember you get $25 free if you use the links above] | Finally, I’m working with Benedict to build a derivatives strategy to short bonds. In the meantime, I’ll load up on the triple inverse 7-10-year bond ETF over at public.com. | 😱 Fear and Greed Index | | | 🧠 What do you think? | How many rate cuts will we get this year?Leave a comment saying why | |
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| 🎤 What you said last time | Whisky is the big winner, followed by vodka. I reckon tequila would have ranked dead last a few years ago. |
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| | Whisky | “Specifically: 1. Bourbon 2. Irish Whiskey 3. Other American Whiskeys 4. Scotch Whiskey” | Vodka | “Can mix it with anything!!” | Other | “Have you tried good cachaça?” | | 📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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| Alcoholism in the US is in a long-term decline as non-alcoholic spirits and beer have become drinkable. Any guesses as to why it spiked in late 2016 and late 2022? |
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| | 📊 Stocks | | Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks. | Winners and losers | Earnings, upgrades, and acquisitions | | Market movers | Crypto stocks like Coinbase, Riot Platforms, and Marathon Digital tumbled after the Bitcoin ETF was approved. Likewise, Bitcoin proxy Microstrategy. CVS will close dozens of its in-store pharmacies in Target locations. There’s no proof Wegovy and Ozempic make you want to commit suicide, which raises some new questions. Job Cuts:
| Ideas, trends, and analysis |
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| | | 🌍 Global Perspectives | 🇨🇳 China’s exports rose more than expected in December, but they still saw an overall decline in 2023. For the year, exports were down 4.6% while imports were down 5.5%. | 🇯🇵 Up nearly 5% already, Japanese stocks are beating all but one (NVDA) of the US Magnificent 7 so far in 2024. | 🇪🇨 Ecuador used to be an “island of peace” but is consumed by violence today. | 🇦🇷 Argentinian inflation has surged past 200%. |
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| | | | | | | | 📺 What to Watch Today |  | Get an exclusive inside look at the largest cruise ship on the planet! |
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| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
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