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| | Wednesday, we announced that Alts 1 is open again to new investors, and weโve already received over $400k in interest. If you would like to invest differentlyโin assets like blue-chip wine, British contemporary art, tequila barrels, and Pele rookie cardsโplease get in touch. | | Oh, and donโt forget to check out our curated book recommendations. |
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๐ The AI Future of Marketing ๐ |
With 7,000+ investors, โRAD AIโ is disrupting the $633b content and data industry. |
They help brands create content that resonates deeply with their target audience and, most importantly, deliver outsized ROI. |
Last year we did an issue questioning if โRAD AI is a good investmentโ. Since then... |
Nvidia's value went to $2 trillion Cisco spent $28b on its largest AI acquisition ever, and Redditโs move to license data for AI has re-energized the IPO market. |
That's the power of AIโฆ |
| RAD AI has been dubbed โgame-changingโ by Fortune 500 execs. Here's your chance to invest. |
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For RAD, โthe potential is evident in the numbersโ: |
$27m raised since 2018 7,000+ investors, including VCs, execs at Google, Amazon and Meta ~3X revenue growth from 2022 to 2023 โ while landing major clients, including Hasbro, Skechers, and Sweetgreen Leadership has 5 exits between them. |
The round closes in one week! (Apr 29) |
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This is a paid advertisement for RAD AIโs Regulation CF offering. Please read the offering circular and related risks at โinvest.radintel.aiโ |
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๐ฐ Market Headlines |
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High inflation and slowing growth pushed stocks down. Nasdaq and S&P500 fell about 0.5% and the Dow dropped nearly 1%. Core PCE grew 3.7% year over year in Q1 above estimates of 3.2% and way higher than the 2% seen in Q4 of last year. [Ed: Once more for those in the back: โRates are never coming down.โ] GDP expanded just 1.6% in Q1, well below forecasts of 2.4%. Alphabet shares skyrocketed 14% as the company beat on earnings, announced its first-ever dividend, and authorized a $70 billion buyback. Snap shares rose 23% due to stronger advertising and more Snapchat+ subscribers (yes, people pay for Snapchat). Sources say ByteDance would prefer to shut down TikTok in the US rather than sell it if it exhausts all legal options. [Ed: itโs as if this company is not being run for profit and instead has other non-commercial priorities] |
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๐ถ๏ธ Market Vibes |
๐ฐ Market Forecasts and Futures |
Forecasts via โKalshiโ, the prediction market. |
GDP forecasts for Q2 took a beating after yesterdayโs colossal miss. Rate cuts also continue to look increasingly unlikely. |
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๐ฑ Fear and Greed Index |
Two steps forward, one step back. |
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๐ค What you said last time |
Loads of strong opinions about whether or not TikTok should be banned in the US. |
Yes, itโs Chinese Spyware. |
โThe Western governments are naive in hoping that totalitarian regimes will change into trustful trade partners. Copy and spy has been anchored in the Chinese DNA.โ โWe already have our own spyware. More is not better.โ โCome on. Give us the option to pick "They don't allow any of our social media companies to operate in China so fair is fair" [Ed: Fair point] โWhile I strongly support open access to information, I believe applications like TikTok and Temu pose significant risks to the United Statesโboth culturally and economically. In my view, these platforms represent a targeted threat to our country. Forfeiting these 'crapplications' is a worthwhile sacrifice to limit undue influence from China. As a professional in cybersecurity who does not use these platforms, I recognize my bias. However, I am also concerned about their profound social impact on our youth. Nonetheless, I am wary of the slippery slope this creates. Establishing a precedent for banning applications could lead to excessive government overreach and interference.โ |
No, thatโs censorship. |
โIt's censorship, but I don't use it, so I don't really care.โ |
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๐ Trends you need to know | |
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GDP growth in Q3 and Q4 2023 was supported by credit card spending. This sharp decline is a leading indicator for Visa and Mastercardโs next earnings reports. |
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๐ง What do you think? |
๐ฌ Have your say |
With GDP growth missing estimates badly, where do we go from here? |
Next quarter's GDP report will |
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๐ Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Microsoft beat Wall Street estimates for Q3 revenue and profit, lifting shares 4%. Intel forecast Q2 revenue and profit below market estimates, dropping shares by 6%. AstraZeneca sailed past market expectations for Q1 revenue and profit; shares climbed over 5%. Caterpillar's shares plummeted 7.5% on a weak Q2 sales outlook and a softening economy in Europe and Asia-Pacific. T-Mobile US topped Q1 EPS estimates but missed revenue expectations, causing its stock price to dip 0.07%. American Airlines reported a record Q1 revenue but missed EPS estimates; shares rose 1.5%. Mobileye Global's Q1 revenue plunged nearly 50%, hurt by fewer orders for its driver-assistance chips, knocking shares 3%. |
Market movers |
ChargePoint enhanced its software for electric fleets, enabling seamless driver reimbursement for home charging. Plug Power struck deals for 350 megawatts of electrolyzers in Europe and the US, bringing its total contracts to 4.5 gigawatts. Southwest Airlines announced plans to close operations at four airports and fire over 2,000 employees. Bristol Myers Squibb is cutting $1.5 billion in costs by the end of 2025, including laying off 2,200 employees this year. |
Ideas, trends, and analysis |
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The average 30-year mortgage rate climbed to 7.17%, the highest since November. A record $8.8 billion was pulled from US sustainable funds in Q1 due to high rates, middling returns, and ESG politicization. |
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๐ Global Perspectives | ๐ญ๐น Haiti's Prime Minister Ariel Henry has resigned and a transitional council was sworn in. ๐ฆ๐บ Around 160 long-finned pilot whales have washed up on the coast of Western Australia, with 28 whales already dead. ๐ซ๐ท Delays and flight cancellations are set to impact Europe after authorities failed to reach a deal with French air traffic control workers. ๐ฎ๐ถ Iraq hanged 11 militants sentenced to death on terrorism charges in the latest mass executions in the country. ๐จ๐ณ China launched three astronauts into space, bound for the country's space station, where they will work for half a year. |
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๐ Crypto | | The famous "Buy Bitcoin" sign from Janet Yellen's 2017 speech sold for $1 million at auction. BlackRockโs Bitcoin ETF witnessed the end of a 71-day inflow streak. The SEC delayed its decision on allowing options trading for spot Bitcoin ETFs and asked for public comments. Bitcoin ETFs in the US drove higher crypto allocations among institutional investors, reaching 3% of portfolios, the highest since 2021. | |
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๐ง Errata | A Baltimore high school coach allegedly used AI voice cloning in an attempt to get the principal fired by faking racist remarks. Hasbro's new $1,200 self-transforming Megatron toy is equipped with a cannon and a flail, making it the ideal gift for any kid. A stowaway family cat took a 600-mile trip in an Amazon return box before reuniting with its family. Two of the four horses that broke free in central London underwent surgery. [Ed: All four are still searching for their horsemen.] |
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๐บ What to Watch Today |
| Robosen Flagship Megatron |
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Thatโs all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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