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Take the ride of a lifetime with Commonwealth 🏇 |
Winners of the 2023 Kentucky Derby 🏆 |
Commonwealth is a unique company that lets you invest in the career of racehorses. |
Joining Commonwealth is about more than just sharing winnings — it's about experiencing the thrill of trackside celebration live alongside other investors while enjoying gourmet cuisine & fine wines. |
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Ownership perks |
Stay connected to the action — exclusive updates & content Get invites to racing related experiences: auction events, stable tours, and more Opportunities to meet the horse, trainer, or jockey Join in the winner's circle if your horse wins (when available) |
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Disclosure: This is not an offer or solicitation to invest. No funds will be accepted if sent in response. Investing in Reg CF offerings and racehorses involves significant risks, including the potential loss of your entire investment. The securities are not registered with the SEC or state authorities and are being offered under an exemption from registration. Please review all offering materials on app.joincommonwealth.com before investing in any offering. |
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📰 Market Headlines |
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Markets plunged yesterday as recession fears grew and tariff uncertainty loomed, with the Nasdaq seeing its worst day since 2022. |
The S&P 500 shed 2.7%, while the Nasdaq tumbled 4%, and the Dow dropped 2.08%. The S&P 500 lost $4 trillion in market value from last month’s peak. |
Tesla plunged 15% for its worst day since 2020 as Elon Musk admitted running his businesses with "great difficulty" while leading a government agency. |
UAW President Shawn Fain backed President Trump’s tariffs, calling them key to fixing job losses despite previously criticizing him. |
HSBC downgraded US stocks and turned bullish on Europe. |
🚬 Alternative investing news |
Marlboro owner Philip Morris International is considering a potential sale of its cigar business in the US as the company continues to shift towards its smoke-free products. |
The tobacco maker is looking for over $1 billion for its cigar unit. |
The US cigar market as a whole has been gently burning down, with sales down ~23% in 2023 relative to the pandemic-high of 2021. |
However, fine cigars can still make a great alternative asset. |
| Investing In Fine Cigars – Alts.co | We explore the hazy market of investment-grade cigars. Similar to wine and whiskey, but it's tough to pick a winner. | alts.co/investing-in-fine-cigars |
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📊 Ideas, trends, and analysis |
In February, US stock mutual funds and ETFs fell 2.9%, while international funds rose 2.2% |
🧠 Make yourself heard |
This week’s polls will focus on international investing. |
Recent market dynamics, including heightened volatility in U.S. markets and geopolitical uncertainties, have prompted a shift from from US stocks to international equities. |
This shift is also evident in fund flows. International-stock funds have started to outperform US-focused funds, reversing a longstanding trend. |
Do you invest in international stocks? |
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😱 Fear and Greed Index |
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📊 Winners and losers |
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Earnings |
Oracle missed Q3 revenue estimates but projected 15% growth next year, pushing shares up 2%. Vail Resorts beat Q2 earnings, despite 2.5% lower skier visits; shares climbed 6.62%. |
Market movers |
Wells Fargo sued JPMorgan, alleging it ignored fraud in a $481 million real estate loan. IBM won a UK lawsuit against LzLabs over stolen mainframe tech, protecting billions in investment. Ford pledged up to $4.8 billion to its struggling German unit as Europe’s auto sector faced high costs and weak demand. Mass General Brigham cut 1,500 jobs in a second layoff round to save $200 million amid financial struggles. |
| | | | Like good newsletters?
Here are some other ones popular with Stocks & Income readers: | Explore → |
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📊 Crypto | Coinbase launched 24/7 Bitcoin and Ethereum futures for US customers. SEC dropped rules forcing crypto exchanges to register. Utah Senate passed a bill protecting crypto custody and mining. OCC greenlit banks to offer crypto custody and stablecoin services. |
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🌍 Global Perspectives | | 🇨🇦 Mark Carney won the Liberal leadership race and will become Canada’s next prime minister, vowing to counter President Trump’s tariff threats. 🇩🇪 A surprise strike at Hamburg Airport disrupted 40,000 passengers, with only 10 of 280 flights operating. 🇬🇧 A US military-hired tanker caught fire after colliding with a container ship in the North Sea while carrying jet fuel. 🇮🇱 🇵🇸 UN relief agency warned Gaza’s crisis could worsen as Israel halted food and aid deliveries. |
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🎤 What you said last time |
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🧠 Miscellanea | Indian teen with "werewolf syndrome" set Guinness record with 201.72 hairs per square cm covering 95% of his face. Scientists found the world's largest clone, a 310-mile stretch of bladderwrack seaweed in the Baltic Sea. A quarter of people would accept partner intimacy with a sex robot, with Gen Z being the most open. |
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📺 What to Watch Today |
| Hairiest Face - Guinness World Records |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Or find me in the Alts Community. | Cheers,
Wyatt |
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