January 02, 2024 | Read Online

Wyatt from Stocks and Income
January 02, 2024

*past 24-hour performance

I hope you’ve had a restful and regenerative break. Last year was tough for a lot of folks, and 2024 looks even more trying.

If you missed them, check out the first two issues of our special three-part series:

The worst investments of 2023
The best investments of 2023
The best investments for 2024 (Coming Wednesday)

📰 Market Headlines

After a nine-week winning streak to close out 2023, it looks like exhaustion may be setting in.
Key figures to watch out for this week:
- October construction spending today. Analysts forecast a 0.5% rise against 0.4% in September.
- November job openings Wednesday. Analysts forecast a slight increase over October.
- December jobs report Friday. Analysts estimate 150k, while Kalshi has it at around 175k. Unemployment is expected to tick up to 3.8%, while Kalshi is slightly lower at 3.7%.
Oil prices continued to rise as Iran sent a warship into the Red Sea.
Bitcoin topped $45k for the first time in two years.
While the likelihood of a Trump conviction rises, each of his major challengers has stepped in to say they would pardon him.

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🎰 Market Forecasts and Futures

Forecasts come from Kalshi, our favorite prediction market. Get $25 with this link.

🗓️ Retrospectives & Forecasts

The seven biggest work trends of 2023.
2023: It Was a Good Year.
The six worst tech fails in 2023.
Housing Market Predictions for 2024.
A Stunning Eclipse, a Moon Race, and Other Space Events in 2024.
Predictions for the Future of Tech in 2024.
The best luxury travel destinations in 2024.
From Trump to Tesla, how 2024 will shake out, according to the Future Perfect team.
Looking ahead: Industry insiders predict 2024 AI legal challenges.
Groovy weddings, jazz and grandpacore: What will be trendy in 2024?
Analysts predict Bitcoin will reach $60,000 to $100,000 in 2024.
Big tech is bracing for a wave of anti-trust rulings in 2024.

😱 Fear and Greed Index

🧠 What do you think?

Will 2024 be better or worse for you and your family?

🎉 Better - let's rock in the New Year

📉 Worse - everything is falling apart

🎤 What you said last time

Your responses line up pretty well with what the sportsbooks are saying. Most people think Trump will win this year.

📊 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

Crispr Therapeutics was downgraded.
Avangrid has canceled its $8.3 billion merger deal with PNM Resources because it wasn’t able to get the required regulatory clearances.

Market movers

The US Congress is considering Medicaid users to pay for mental health and substance abuse facilities.
The Dutch government has blocked chipmaker ASML from exporting its sensitive tech to China.
Fidelity has further written down its stake in X (Twitter). It’s now down 71% since Musk’s acquisition.

Ideas, trends, and analysis

JD.com was awful in 2023. Will it rebound in 2024?
This Little-Known Artificial Intelligence (AI) Stock Could Go Parabolic in 2024.
Amazon is at an ATH but still has room to run.

📊 Income

Some new income ideas for 2024.
Three stocks with a 10%+ dividend yield.
15 high-growth dividend stocks for January 2024.

📊 Crypto

Rumors are swirling that the SEC could approve the BTC ETF as early as today, which has sent the coin up over the weekend.
Five things to know about BTC this week.

🌍 Global Perspectives

🇨🇿 Korea will abolish capital gains taxes on investments.

🇨🇿 Unrelated, a Korean opposition leader was stabbed in the neck.

🇸🇬 Singapore’s GDP is accelerating.

🇪🇹 🇸🇴 Landlocked Ethiopia signed an agreement with the breakaway Somali region of Somaliland to access the Somaliland coastline.

🇮🇷 🇸🇦 🇦🇪 🇪🇬 🇪🇹 Iran, Saudi Arabia, the United Arab Emirates, Egypt, and Ethiopia will join the BRIC trade coalition. I don’t suppose they’ll change the name.

🇯🇵 A 7.6-magnitude earthquake hit western Japan on Monday, killing at least 48 people and triggering fire, power outages and demolishing buildings.

🇬🇧 UK discount retailers Aldi and Lidl reported record earnings amid a cost of living crisis. Grocery inflation stuck at 4.3% for the month.

💎 Wealth Watch

The EVs and hybrids that still qualify for a tax credit in 2024.
Gen Z no longer sees homeownership as an aspiration and is increasingly balking at mortgages to rent in luxury amenity-filled apartments instead.

🗳️ Outside the Box

Try these apps to reach your New Year’s resolutions.
Colorado legalized marijuana ten years ago. How’s it gone?
Disney’s Steamboat Willie has finally entered the public domain. Also, the original German language version of All Quiet on the Western Front, and Lady Chatterley’s Lover, among many others.