| | | Meet the guys who help us create Stocks & Income. | People often ask us, How are you guys able to produce so much great content? | Most of our newsletters are done in-house. We do all the research, writing, fact-checking, and editing ourselves. | But for Stocks & Income, we get some help from our friends at Orbit Marketing. | | Orbit was started by two Alts community members, Louis and Shaun. (We were actually their very first customer!) | They help us find the stories that matter Create copy and links Save us time formatting everything All for one (very fair!) monthly price | If you like the style of this newsletter and want to create something similar for your business, check out Orbit. | They'll take good care of you, just like they have with us. | | (Or reply to this email for a warm intro to Louis) | | 📰 Market Headlines | | Stocks climbed on cooling inflation as July's CPI report bolstered hopes for Fed rate cuts. The S&P 500 rose 0.4% and the Dow gained 0.6%, while the Nasdaq finished just above the flatline. Consumer prices rose 2.9% year-over-year in July, dipping below 3% for the first time since 2021. The US Federal Trade Commission finalized a ban on companies knowingly buying or selling fake online reviews. Meta has shut down its CrowdTangle tool despite widespread outcry from researchers, academics, and regulators. Starbucks has offered incoming CEO Brian Niccol $85 million in cash and stock, including a $10 million cash bonus as he departed Chipotle. And he doesn’t even have to come to the office. |
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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: | “Trump’s lack of adapting his strategy specifically for Harris has hurt him. Now we need to see if the Harris campaign slips and if Trump can capitalize.” | 📈 Trends you need to know | | Despite weaker economic data, Kalshi predicts only an 11% chance of a recession in 2024. |
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| | 🧠 What do you think? | Will there be a recession in the US this year? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Brinker International fell 13% after missing earnings expectations. Cisco beat Q4 expectations and announced a slew of layoffs, pushing shares up over 5%. UBS smashed second-quarter profit expectations; shares climbed 5.3%. Dole edged up 1.5% despite revenue falling 0.8% from a year ago. | Market movers | Wall Street firms have agreed to pay over $470 million to US regulators to settle civil charges for violating record-keeping rules. Elliott Investment Management launched a proxy fight with Southwest Airlines, nominating 10 candidates for the 15-member board. A federal judge blocked Missouri's rule limiting ESG investing, citing conflicts with federal law and free speech violations. Kellanova surged 7.7% after Mars agreed to acquire the Pringles maker for $35.9 billion in cash. The Delaware Supreme Court upheld a $267 million legal fee in a $1 billion Dell shareholder settlement, one of the largest in US history. | Ideas, trends, and analysis |
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| Mortgage refinancing applications surged 35% last week as 30-year fixed rates fell to 6.54%. Used car prices in July dropped nearly 20% from pandemic highs, contributing to a decrease in overall inflation. Leveraged loan deals slowed to $3.3 billion last week, far below the $10 billion weekly average. |
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| | | | 🌍 Global Perspectives | 🇹🇭 Thailand's PM Srettha Thavisin was dismissed for ethics violations after appointing a jailed minister. 🇦🇷 Argentina charged ex-President Alberto Fernandez for allegedly injuring his former partner. 🇮🇱 Israel announced a new 60-hectare West Bank settlement, linking Gush Etzion to Jerusalem. 🇯🇵 Japan's PM Fumio Kishida resigned from office amid political scandal and rising living costs. 🇬🇷 🇮🇱 Greek authorities dismantled a drug trafficking ring targeting Israel, arresting eight foreign nationals. |
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| | 📊 Crypto | | Bitcoin ETFs saw $19.3 billion in inflows this year, with BlackRock now the third-largest BTC holder, on track to be first by 2025. Fidelity hinted at launching a stablecoin, tokenized Treasury, and on-chain credit offerings, exploring tokenization opportunities. NYSE Arca withdrew its request to list options on commodity trusts and crypto ETFs amid recent regulatory scrutiny. | |
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| | 🧠 Errata | A massive X-class solar flare erupted from the sun, triggering radio blackouts across Asia and the Indian Ocean. A convicted serial killer on death row confessed to a 1986 cold case murder, bringing his victim count to 14. Waymo's driverless taxis flooded a San Francisco neighborhood with relentless honking, prompting a software fix to quiet the chaos. |
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| | 📺 What to Watch Today | Honk, who goes there? | | Honking Waymo driverless cars blare horns at all hours |
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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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