| Hey everyone, Gmail users will be glad to know these emails won't clip anymore. Adjust your preferences: (Check it out — all sorts of fun stuff in here) ☝️ 📰 Market Headlines *past 24-hour performance Tech giants led the market downturn yesterday; all major indexes fell about 1%. Powell told Congress the Fed focused on data and inflation trends before considering rate reductions, hinting at potential cuts "sometime this year". The market reacted positively, with the Dow up more than 250 points as Powell's comments reassured investors. The US House passed a bipartisan spending bill to prevent a government shutdown. Nikki Haley withdrew from the Republican presidential race, urging Donald Trump to earn the support of her backers. “We think because of the strength in the economy and the strength in the labor market and the progress we’ve made, we can approach [moving on rates] carefully and thoughtfully and with greater confidence,"
- Jerome Powell 🕶️ Market Vibes 🎰 Forecasts and Futures Forecasts via Kalshi, the prediction market. 😱 Fear and Greed Index What do you think? Tomorrow's unemployment is forecast at 3.7%. It'll be: 📉 3.6% or lower - labor market gets hotter
😐 3.7% - more of the same
📈 3.8% or more - things are finally cooling down 🎤 What you said last time Properly combined through an excellent documentary and a plate of brisket. 📈 Trends you need to know | Interest in airline miles declined steadily from 2004 to COVID-19 when points fell off a cliff. As travel returns, so does mileage use—perhaps there’s a lot in the bank. |
📊 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 Foot Locker plunged over 30% despite a 2% increase in Q4 revenue to $2.38 billion. Abercrombie & Fitch announced a jump in holiday-quarter sales to $1.45 billion, up nearly 21% from last year; shares down 4% JD.com shares soared 16.2% alongside a 4% rise in revenue to $42.5 billion. JD also announced a $3 billion stock buyback. Thor Industries missed second-quarter profit estimates leading to a 13.9% tumble in shares. United Natural Foods missed revenue expectations by 1.8% and dropped 18% Campbell Soup Company reported revenue of $2.5 billion; shares were steady. Market movers Estee Lauder shares dropped 2% after cancer-causing benzene was discovered in Clinique, Clearasil, and other acne treatments. The SEC's new climate disclosure rule requires U.S. companies to report greenhouse gas emissions. NYCB secured a $1 billion lifeline from Mnuchin's firm. MicroStrategy shares surged over 8% on plans to raise over $680M to purchase bitcoins. Amazon's Alexa initiated plans to move away from Android to reduce operation costs. Microsoft's AI push with Copilot raises questions among staffers as it reallocates priorities and creates internal tension. Ideas, trends, and analysis Grain market watchers suspect a potential rally in wheat, corn, and soybeans. India's economic surge has attracted record ETF inflows. CEO optimism suggests a robust U.S. economy, with plans for increased sales and capital investments. Insider selling spikes in AI sector as Nvidia and others see stock prices soar. Several comeback stocks, ready to rebound from recent setbacks. Stocks built for a long-term relationship with your portfolio. 🌍 Global Perspectives 🇺🇦🇬🇷 A Russian missile narrowly missed Ukrainian President Zelensky and Greek PM Mitsotakis in Odesa, killing five. 🇬🇧 UK's latest budget announcement projected modest economic growth and introduced tax cuts. 🇸🇩 Sudan faces the world's largest hunger crisis, affecting over 25 million. 🇵🇸🇿🇦 A Gaza ceasefire appears possible, with South Africa requesting World Court intervention. 🇹🇩 Chad teeters on the edge of regional destabilization after Mahamat Deby's election bid and the killing of Yayo Dillo. 🇮🇳 Indian men claim they were tricked into fighting for Russia in Ukraine. 🇳🇬 Suspected Islamist militants conducted the largest mass abductions in northeastern Nigeria since 2014. 📊 Income Why dividends should only be one part of your investing strategy. Oil's rise to $80 ignites interest in five energy stocks with dividends up to 9.40%. Kraft Heinz's 4.6% dividend remains secure despite a 15% drop in net income. Verizon's 6.7% dividend yield marks 29 years of growth. Undervalued by 17% and offering a 4% yield, one of the largest regulated utilities in the United States is poised for growth. ⚡ Crypto Bitcoin actually failed to top its all-time high when adjusted for inflation. [Ed: this guy is probably super fun at parties]The Middle East positions itself as a future crypto hub. gains, dropping 5% under pressure from Bitcoin's decline. It quickly bounced back and sits well above $3,800 atm. that Bitcoin could fall to $42K post-halving. Crypto stocks rebound following Bitcoin's recovery. Is 100k the next ceiling? CFTC Chair Behnam calls for urgent crypto regulation under the Financial Innovation and Technology for the 21st Century Act. The Middle East positions itself as a future crypto hub. 🧠 Errata A quarter of Americans consider state secession. Alaska wants out the most. This hotel targets insomniacs, offering a guaranteed night's sleep for $1,780. Scientists edge closer to bringing woolly mammoths back from extinction. The new federal budget reveals $12 billion in earmarks, funding everything from parades to kayaking facilities. Watch out for a side of lead poisoning with your cinnamon. 📺 What to Watch Today Why airline perks are so diappointing That’s all for today. Did I miss anything? Smash the reply button to let me know. Cheers,
Wyatt |
