 | 0*past 24-hour performance |
| | Healthcare strike: More than 75,000 unionized healthcare workers at Kaiser Permanente facilities plan to strike from October 4–7 if a new labor contract is not agreed upon, potentially leading to the largest healthcare strike in U.S. history (CNN)
Worst pace since pandemic: Small-business bankruptcy filings are rising this year (at nearly 1,500 so far), a signal that increased interest rates, tighter lending standards and higher operating costs are straining entrepreneurs (WSJ)
Just what a stalling economy needs: Federal Reserve Governor Michelle Bowman again said that multiple interest-rate hikes may be required to get inflation down to the central bank’s goal even after data for August showed some of the slowest price increases since 2020 (Bloomberg)
OPEC's warning: The head of OPEC — a group of the world’s major oil producers — said Monday that a lack of investment in the oil industry poses a danger to global energy security and could send crude prices to $100 a barrel (CNN)
Manufacturing resilience: U.S. manufacturing took a step further towards recovery in September as production picked up and employment rebounded, according to a survey that also showed prices paid for inputs by factories falling considerably (Reuters)
Tesla sales slip: Tesla (TSLA) missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts (NYT)
Oddity feeling confident: Oddity (ODD), newly public on the Nasdaq, reported expected Q3 revenue growth of 29%-31% from its Il Makiage and Spoiled Child brands, surpassing its initial 20.5% estimate (CNBC)
Ex-CEO buys bankrupt Lordstown: The soap opera that is Lordstown Motors is taking yet another unusual turn. The company founder and former CEO is paying $10 million to buy the electric pickup maker’s assets out of bankruptcy (Yahoo)
Kellogg spinoff stumbles: Shares of Kellanova (K) fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone entity called WK Kellogg Co (KLG) (CNBC)
WeWork's bold move: WeWork (WE) said on Monday that it would not make two sets of interest payments totaling about $95 million, a move meant to jump-start negotiations with its lenders at the same time it tries to cut costs with its landlords (NYT)
| | | | Mm-hmm, sure. So, what’s the catch? | We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks. | These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted. | But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices: | Outpaced the S&P 500 by 131% over the last 26 years Have the lowest correlation to equities of any asset class Remained stable through the dot-com bubble and ’08 crisis
| Got your attention yet? Stocks and Income readers can skip the waitlist with this exclusive link. | |
|
| | The fate of a financial watchdog rests in the Supreme Court's hands: Created in the wake of the 2008 financial crisis, the Consumer Financial Protection Bureau (CFPB) is tasked with protecting consumers from the predatory shenanigans of banks and nonbank financial firms — and it looks to rein in things like the reckless mortgage lending that crashed the economy back then. The question: Is the agency's funding constitutional? Read more » | The one stock that gives you access to hedge funds and a massive yield: The Saba Capital Income & Opportunities Fund (BRW) is a very interesting closed-end fund that employs a fairly unusual strategy in order to provide a very high level of income to its investors. Read more » | It’s a good time to buy bonds. Just know what you’re getting into: Investors have largely taken notice as sales of Treasurys more than tripled since 2021. Yet many people steer clear of bonds because they are more confusing than putting money in a bank CD or a high-yield savings account. Read more » |
|
| | Apple has what it needs to launch its own Google replacement (Bloomberg) Can FTX be revived without Sam Bankman-Fried? (Wired) 50 out of 120 muni CEFs trade at -16% or greater discount to NAV (Barron’s) 11 retailers at risk of bankruptcy in 2023 (Retail Dive)
| | | | | If you're concerned about the direction of the US economy… | You need to see this guide on how to diversify and protect your retirement savings. In it, you’ll learn how to protect yourself from surging National Debt... a weakening U.S. Dollar... stock market downturns... and much more. Get your guide here. | SPONSOR |
| |
| | |
| | |  | Otavio (Tavi) Costa @TaviCosta |  |
| This chart has to be the big elephant in the room. The recent collapse in Treasuries is yet to impact equity markets that continue to defy gravity at historically inflated valuations, particularly the big tech companies. |  | | | Oct 2, 2023 | | |  | | | 1.58K Likes 377 Retweets 98 Replies |
|
| | Thunderclap Research is a professional investment research firm focused on understanding and profiting from market anomalies. | We take both a quantitative and qualitative approach to research and focus extensively on strategies for established money managers and everyday retail investors. | We are a small, self-funded team of real humans going up against the hype-filled, sensational news outlets in the world. You can check out a selection of our other publications below. | | CoinSnacks Digestible crypto news. | | Subscribe |
| | Gold Playbook All your gold investing news in a single daily email. | | Subscribe |
| |
|
