Hey everyone,

We're back to our usual early publishing time. ☀️

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Introducing Altea 🌱 Our new private community. ​Altea is our new private club for serious accredited investors. The idea is simple: There are plenty of communities offering real estate deals, and thousands of syndicates that co-invest in startups. But what about all the other alternatives? Where do you go if you want to find deals in wine, whiskey, or fine artwork? What about music and film investments? Where do you find private litigation financing deals? This is where Altea comes in. It’s a place to access unique private investments you can't find anywhere else. To share & discover unique deal flow and alternative ideas. And to learn about new markets and forge lifelong friendships on our investor retreats. Discover our live database of vetted deals Discuss them with hand-picked investors in our community Hear from expert speakers across our favorite alternative asset classes Visit new countries and overlooked markets on our exclusive investor retreats Meet prolific founders, market-beating fund managers, and VIP community members We just wrapped up our first investor retreat to Mexico. Next we're thinking Vietnam, Spain, or Nashville. Apply to Altea → Altea is where the magic happens. Our first cohort filled up in 72 hours. We are now accepting members into our 2nd cohort. If you're accredited, apply here.

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📰 Market Headlines

*past 24-hour performance

• Friday closed out a jittery week, with the S&P 500 dropping below 5,120 and Nasdaq 100 falling over 1%.
• The Fed meets this Wednesday and will release its updated policy decisions and projections.
  • Futures are pricing in a 99% chance that the Fed does ​not​ cut rates this week.
  • Traders reading the tea leaves Fed Chair Jerome Powell's press conference might cause some volatility.
• ​Nvidia kicks off its GTC 2024 conference today, where it is expected to unveil its next-gen B100 GPU.
• Against all odds and common sense, Silicon Valley Bank is back, baby!
• A panel fell off a Boeing airplane midflight. The plane landed safely.
• Russian dictator Vladimir Putin won his rigged election, keeping him in power for another six years.

🕶️ Market Vibes

🎰 Forecasts and Futures

Forecasts via Kalshi, the prediction market.

😱 Fear and Greed Index

What do you think?

Now that Silicon Valley Bank is back in action, would you put your hard-earned money there?

​🔐Yes, it's the safest spot to be now​
​⛔ No way, once bitten twice shy​
​🤑 All my money is tied up in Boeing put options​

🎤 What you said last time

Which company is having a worse year?

📈 Trends you need to know

More than half of Saudi Arabia’s GDP now comes from non-oil sources. What is Neil

📊 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

• There were no significant earnings on Friday.
• Some big earnings to watch for this week:
  • Tuesday: Chinese EV manufacturer XPeng reports in.
  • Wednesday: Chewy, Five Below, General Mills, Guess, KB Home, and Micron will share their earnings.
  • Thursday: Is a busy day with Accenture, Academy Sports + Outdoors, Darden Restaurants, FedEx, Lululemon, and Nike all reporting earnings.

Market movers

• ​SpaceX secured a $1.8 billion contract with the National Reconnaissance Office to build a network of spy satellites. [Ed: this is deeply worrying ]
• ​Xpeng announced the launch of a more affordable EV brand in China.
• ​Tesla raised prices for its Model Y electric vehicles in Europe by approximately 2,000 euros.
• ​Reddit's IPO is oversubscribed by up to five times.
• ​LinkedIn announced a video game?

Ideas, trends, and analysis

• Rising food prices pushed 15 million Americans towards buy-now-pay-later options for groceries and takeout.
• The TikTok debate has illuminated risks for Chinese stocks in the U.S. election year.
• Which Mag 7 is a better buy: Alphabet or Tesla?
• This stock is 85% down but is still a promising investment.
• ​DigitalOcean is a strong buy with a great product and a devalued stock.

🌍 Global perspectives

• 🇮🇸 A volcano in Iceland erupted again, spewing lava.
• 🇺🇦 🇷🇺 Ukrainian drones targeted Russia on the final day of its presidential election, with 36 drones launched overnight.
• 🇷🇺 Despite sanctions, Russia's economy grew by more than 3%, outperforming most Western economies.
• 🇦🇺 Australia's central bank is expected to maintain interest rates at 4.35%.
• 🇪🇺 The EU backed a law requiring companies to eliminate forced labor all the way up their supply chains.
• 🇺🇸 🇳🇪 US military operations in the Sahel are at risk after Niger ended cooperation.
• 🇮🇱 Netanyahu said Israel will press on with its Rafah assault plan in Gaza.

💵 Income

• ​PepsiCo hit a 52-year streak of dividend raises with a 3% dividend yield.
• Williams-Sonoma surprises with a 26% dividend increase.
• Coca-Cola's dividend growth accelerated.
• Best Buy hit a dividend yield of 4.8%.

⚡ Crypto

• ​Solana's market cap hit a new all-time high with a 36% weekly increase.
• ​Bitcoin's volatility may decrease as demand from ETFs meets inelastic supply.
• Mysterious whale "Mr. 100" became the 14th-largest Bitcoin holder, with over 52,996 BTC.
• ​JPMorgan reported investors are buying both gold and Bitcoin, not switching between them.
• ​Ether ETFs faced Senate opposition.

🧠 Errata

• The Atlantic Ocean might soon sport its own Ring of Fire, with volcanoes lining the coasts of Africa and Iberia in 20 million years. [Ed: how exciting ]
• The Mega Millions jackpot soared to $875 million after 28 drawings without a winner.
• AI-powered robotic masseuses offer customizable massages at Equinox gyms for $60 a session. [Ed: we all know where this is going ]

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📺 What to watch today

Would you want to live here?

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That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,
Wyatt