| | | | | It’s my birthday tomorrow. I’ve got very old. |
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| | Earn $500 when you open an IRA before tax day | Taxes are due soon, and IRAs are the ideal way to add alternative assets to a tax-advantaged retirement account. | This year, our friends at Yieldstreet are offering $500 when you open a retirement account and make an eligible investment. | | How it works: | Open the account. Create an Equity Trust account through Yieldstreet by April 15, 2024. (They'll help you roll over a 401(k), transfer an existing IRA, or contribute new funding) Invest and earn. Make an eligible Yieldstreet investment in your new retirement account by May 31, 2024 | Yieldstreet offers more alternative asset classes for IRAs than any other platform — everything from real estate to private credit to crypto. | | Offer expires Apr 15 (tax day!) | SPONSOR | | 📰 Market Headlines | | Stocks rebounded yesterday after Wednesday's inflation-fueled sell-off. The Nasdaq Composite gained 1.7%, while the S&P 500 rose nearly 1%. The Dow was flat. Producer prices rose a lower-than-expected 0.2% in March from February and were up 2.1% year-over-year. Mortgage rates surged to 7.37%. The European Central Bank held rates steady, with hints at a possible cut in June. FTX founder Sam Bankman-Fried filed to appeal his fraud conviction. O.J. Simpson died at 76 after a battle with cancer. |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | The odds of a rate cut by June…👀 👀 👀 | | 😱 Fear and Greed Index | | | 🧠 What do you think? | 🎤 What you said last time | Keep calm and carry on.d | | 💬 Have your say | 🔪 Did OJ do it? | | | 📈 Trends you need to know | |
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| Boeing had finally caught up to its European rival, then, WHAM; its planes started falling out of the sky. Doesn’t seem fair to punish them for that. |
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| | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | CarMax missed Q4 estimates and delayed its vehicle sales goal, dropping shares by 8%. Constellation Brands jumped 2.4% after beating Q4 earnings driven by higher Modelo beer sales. Peabody Energy cratered 9% pre-market after guiding Q1 revenue below expectations. Airbus CEO said it's "not unlikely" the company will take control of two Spirit Aerosystems plants if Boeing acquires the supplier. | Market movers | Ford cut prices on F-150 Lightnings by up to $5,500, resuming shipments after a production halt due to quality issues in February. New Balance CEO Joe Preston believes the next big sneaker revolution will come from plant-based materials. Moderna's mRNA cancer vaccine showed promise in an early trial. Layoffs: Bayer announced plans to eliminate middle managers and asked its nearly 100,000 employees to "self-organize" to save $2.15 billion. SAP's European Works Council accused the company of using its restructuring program to hide layoffs affecting 7% of its workforce. McKinsey is eliminating almost 360 jobs globally, affecting around 3% of its workforce. Karma? | Ideas, trends, and analysis |
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| AI companies have turned to highly educated writers to write training content for AI models as they scramble for new data sources. California's proposed "Right to Disconnect" law allows employees to ignore work emails after hours, with fines starting at $100 for violations. Amazon joined fellow tech giants Meta, Microsoft, and Nvidia in setting a fresh record as its shares extended gains. Women-owned businesses fuel the economy but still receive less funding than men. [Ed: I wrote about this a few weeks ago and got an unbelievable amount of hate mail] |
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| | 🌍 Global Perspectives | 🇻🇳 A Vietnamese court sentenced real estate tycoon Truong My Lan to death over her role in a $12.46 billion financial fraud case. 🇺🇦 🇷🇺 Russian missiles and drones destroyed a large electricity plant near Kyiv and hit power facilities across Ukraine. 🇨🇦 🇨🇳 Justin Trudeau told an official probe that China tried to meddle in the last two Canadian elections, but the results were not impacted. 🇲🇱 Mali's junta suspended all political party activities until further notice. 🇷🇺 🇳🇱 Russia seized over 650,000 acres of farmland from Dutch-registered agricultural holdings company AgroTerra Group. |
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| | 📊 Crypto | | Bitcoin ETF inflows are still 90% retail investors, according to VanEck's CEO. The famous "Bitcoin Sign Guy" is auctioning the "Buy Bitcoin" sign he held up behind Janet Yellen during her 2017 Congressional testimony. The SEC announced plans to sue Uniswap. CF Benchmarks launched a Bitcoin Volatility Index to track 30-day forward-looking BTC price volatility. | |
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| 🧠 Errata | An expedition off Easter Island uncovered 50 new deep-sea species, including a “flying spaghetti monster.” El Chapo asked a judge if he could use his phone. US-born sumo wrestler Akebono, the first non-Japanese yokozuna, died at 54. |
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| | 📺 What to Watch Today | Looking for a future ex-husband or ex-wife? | | Trust Fund Fortunes: The World's Richest Heirs 2024 |
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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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| | *Disclosures: Paid for by Public Investing. Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document. If you are enrolled in Public's Options Order Flow Rebate Program, Public Investing will share 50% of our estimated order flow revenue for each completed options trade as a rebate to help reduce your trading costs. Must activate Options Account by March 31 for revenue share. To learn more, see Fee Schedule. US members only. | | | |
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