| | *past 24-hour performance |
| 💨 TL;DR | American President Joe Biden and Chinese General Secretary Xi Jinping met yesterday. It went ok. Stocks were up, crypto was up big, oil and treasury yields were down. | 📰 Market Headlines | Biden and Xi faced off: The leaders discussed a range of thorny issues, including military cooperation, climate, Taiwan, wars in Ukraine and the Middle East, fentanyl flows, use of artificial intelligence, and American restrictions on Chinese access to high-end tech. Chinese markets were unimpressed with the lack of progress demonstrated at the meeting with specific emphasis on President Biden “referring to Xi Jinping as a dictator.” The Hang Seng Index was off 1%. JPMorgan is selling government bonds to go long commodities (except gold). The bank also warns “in equities, we retain a defensive stance and are unwilling to chase the past two weeks' rally. Our defensive stance hinges on our expectation that a recession will take place next year.” Citi will start laying off the first of 24,000 workers as part of their poorly-named Project Bora Bora. “No one will be spared: chiefs of staff, managing directors and lower-level employees will all be affected.” Good news for inflation - The PPI, which measures wholesale prices, fell 0.5% in October, against the expected 0.1% increase. That’s the biggest decline in more than three years. | | 🧠 What do you think? | | | 🕶️ Market Vibes | 😱 Fear and Greed Index | | 🎤 What you said | Nearly a third of you are cutting back on spending this year, while only 13% are spending more. |
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| | Spending less | “I have no money so can't spend any. My wife cut back my allowance.” | Spending more | “All my debt is paid to date, and has been all this year. I have NO credit debt.” | | Using magnetic fields to treat infections 🧲 | Metallic implants, like joint replacements, are commonplace in modern healthcare. | But you may not realize that up to 3% of orthopedic implants become infected, and these infections can have serious consequences. Treating them usually entails more costly, invasive surgeries. | Enter Solenic Medical, the pioneers in the groundbreaking field of alternating magnetic field therapy for implant infections. Imagine a world where we can eliminate metallic bacterial infections without surgery. | Typically, post-operation infections are challenging to treat because bacteria can form biofilms on the surface of the implant. These biofilms are resistant to antibiotics. Solenic heats up the metal implant using an alternating magnetic field that destroys the biofilm without damaging surrounding tissue. | | Treating an infected implant involves multiple surgeries. It's a lengthy, expensive, and painful process. |
| Solenic's technology, if proven safe and effective, has the potential to redefine the treatment of implant infections. This could be the breakthrough we've been waiting for, dramatically reducing the need for additional surgeries, curbing healthcare costs, and, most importantly, enhancing patient outcomes. | Learn more about Solenic Medical | | SPONSOR |
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| | 📊 Stocks | Brought to you by our friends at Public.com, my favorite online broker. | Lenovo’s quarterly profit was down 54%, but it topped consensus. PepsiCo has been sued by New York state for plastic pollution along Buffalo River. Palo Alto Networks reported strong earlings, but but billings were weak. Shared tumbled. Siemens beat earnings estimates but warned 2024 will be slower. It’s up 6% today. Cisco reported an awful outlook. Shares were down 11%. Burberry said it was being hit by a global slowdown in luxury spending and it would struggle to meet its annual revenue forecast. Pharma is out of favor, but these five drug stocks may be worth a look. Three stocks that could benefit from the crackdown on real estate commissions. Seven Nasdaq 100 companies have made up the vast majority of the index’s gains this year. Public lets you invest in all of them at once with their Magnificent Seven plan. | | | | 🌎 Global Perspectives | 🇸🇦 International investors made a huge comeback into the Saudi Stock Exchange, or Tadawul, as they infused SR12.7 billion ($3.7 billion) in the first two weeks of November. | 🇨🇳 A Chinese infrastructure project can relay internet data at a speed of 1.2 terabits (or 1,200 gigabits) per second, which is 3x faster than the quickest cable in the US. | 🇦🇷 Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on Sunday as their next president. | 🇮🇩 Is Indonesia finally set to become an economic superpower? |
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| | 💎 Wealth Watch | Will house prices fall during the next recession? Finance guru Dave Ramsey recently said retirees can safely withdraw 8% of their portfolio a year and never run out of money. He’s dead wrong. Prices for Rolex and Patek Philippe timepieces fell to new two-year lows on the secondary market last month. |
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| | | | 📺 What to Watch Today | | Why the baby business is booming |
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| | 📈 Trends you need to know | Brought to you by our friends at Glimpse, my favorite way to spot trends. | |
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| Google searches for “human dog beds” rose an eye-catching 1,650% in 2023, and Plufl claims to be the “world’s first-ever.” | Get $15 off your very own human dog bed. | | This is what a human dog bed looks like. |
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| | That’s all for today. Did we miss anything? Smash reply to let us know. | Cheers, | Wyatt |
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| | Notes | Please read this disclaimer. The authors of Alt Assets, Inc. are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content should not be taken as professional advice. They are self-taught accredited investors, sharing information, research, entertainment and lessons learned based solely on their own experience and circumstances. Individual results may vary. The published content is unique, based on certain assumptions and market conditions at the time of publishing, and is intended to serve solely as research, not financial advice. For entertainment purposes only. Not investment advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several, or all of the alternative asset classes that Alt Assets, Inc. publishes content about on its site. Any of the Fund’s investments that have positive designations on the Alt Assets, Inc. site are purely coincidental, as the Fund is actively managed and guided by its own investment parameters, as summarized in the relevant private placement memorandum. Alternative investing involves a high degree of risk, including complete loss of principal and is not suitable for all investors. Past performance does not guarantee future results. The newsletter may contain affiliate links, meaning that Alts.co and its associated entities may receive compensation for referring customers to the noted companies. We recommend seeking the advice of a financial professional before you make any investment in an alternative asset class or any associated entities, and we accept no liability whatsoever for any loss or damage you may incur. |
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