| King Kong is one of the greatest and most influential films ever made, but it has a complicated legacy… |
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| | | Build value from the ground up ⛏️ | Phoenix Capital Group specializes in oil, gas & mineral rights acquisition, and investment. | Investors can purchase 9-13% annual interest bonds from Phoenix Capital Group. Interest is paid monthly, and compounding is available to maximize potential returns. | | | While Phoenix is a relatively young company compared to say, Chevron or BP, they are one of the fastest-growing privately held companies in oil and gas. 4,500+ investors have received $50 million+ in interest payments. | How it works: | Phoenix sells fixed-rate investment bonds for those who want to get into the space or are looking for passive income. These bonds offer monthly payments with a fixed rate of return. You can opt for compounding interest, and invest using your IRA. They use capital from the bonds to pursue accretive assets (i.e., mineral rights) These assets fall into 3 categories: Royalty assets, Non-operated working interest assets, and Phoenix Operating Company (where Phoenix performs oil and gas development)
| Anyone in the US can invest. There are options for both accredited and non-accredited investors. | (There's currently a waitlist for non-accredited investors, but accredited folks can start with $25,000 minimum investments) | | | 📰 Market Headlines | | Stocks wobbled as weak labor data fueled rate cut hopes but raised economic health concerns. The S&P 500 dipped 0.3%, testing its 50-day moving average, while the Dow fell 0.5%. Private payrolls grew by only 99,000 in August, well below expectations and the smallest gain since January 2021.
The US imposed new export controls on quantum computing and semiconductor technologies. Salesforce announced plans to acquire Own Company, a data protection provider, for $1.9 billion in cash. Hunter Biden offered to plead guilty to federal tax charges without a deal.
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | | What you had to say: | “That price gets passed on whenever possible. Last time, it also allowed American producers to raise THEIR prices because they knew the foreign prices were now higher. Great for earnings, bad for inflation.” | 📈 Trends you need to know | | Goldman Sachs says, “The best outcome of the 2024 election — for the U.S. economy — would be an overwhelming victory for Vice President Kamala Harris and her Democratic allies.” | “Conversely, Goldman believes a Republican sweep in Congress and win for Former President Donald Trump would diminish economic output next year. Most of the damage would stem from Trump’s promises to be tougher on immigration and increase tariffs on imports coming from countries like China.” | “If Democrats sweep, new spending and expanded middle-income tax credits would slightly more than offset lower investment due to high corporate tax rates, resulting in a very slight boost to [gross domestic product] growth.” |
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| | 🧠 What do you think? | Who would be better for the US economy? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Broadcom’s Q4 revenue guidance of $14 billion fell short of expectations; shares dropped 4.8%. DocuSign topped Q2 expectations with $736 million in revenue, but shares dipped 1.98%.
| Market movers | The US Transportation Department opened an inquiry into the four largest US airlines' rewards programs for potential unfair practices. Verizon acquired Frontier Communications for $20 billion. Red Lobster received court approval for restructuring, emerging from bankruptcy under Fortress Investment Group ownership. Hershey urged a US judge to dismiss a lawsuit claiming it misled consumers about Reese's candies' appearance. Amazon challenged the US labor board's structure in a lawsuit over a union election at its New York City warehouse.
| Ideas, trends, and analysis |
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| Only 4% of marketers viewed X ads as brand-safe, compared to 39% for Google. About 26 million US residents lack health insurance.
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| |     | | 🌍 Global Perspectives | 🇮🇱 Israeli Prime Minister Netanyahu rejected claims of an imminent ceasefire deal with Hamas, stating "There's not a deal in the making." 🇺🇸 🇷🇺 The US charged five Russian military hackers for targeting Ukrainian government agencies and NATO countries with destructive malware. 🇮🇩 Over 80,000 people attended Pope Francis' mass in Jakarta, Indonesia. 🇩🇪 German police killed a suspected 18-year-old Islamist gunman in a shootout near the Israeli consulate in Munich. 🇨🇳 🇿🇦 China offered Africa $51 billion in fresh funding and promised to create one million jobs.
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| | 📊 Crypto | | Monochrome Asset Management filed to list an Ethereum ETF on Cboe Australia. The Federal Reserve ordered United Texas Bank to halt crypto services over AML concerns, giving the bank 60-90 days to comply. Mastercard and Mercury launched the "Spend" debit card, enabling European users to pay from self-custodial wallets across chains. Binance-backed Zest Protocol introduced BTCz, a new yield-bearing Bitcoin token.
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| | 🧠 Errata | A newly discovered asteroid exploded in a spectacular green fireball over the Philippines. NASA and SpaceX confirmed an October 10 launch for the Europa Clipper mission to Jupiter's moon. A self-swab HPV test has hit doctors' offices. A man who slaughtered 118 eagles in a wildlife trafficking ring has been set for sentencing.
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| | 📺 What to Watch Today |  | WATCH: Small asteroid burns up in atmosphere over the Philippines |
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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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