🔥 More Boeing airplanes fall out of the sky

🎉 Plus happy CPI day to those who celebrate

Author

Wyatt from Alts
March 12, 2024

Do you remember our issue of institutional grade options from a month ago? The one where we told you how to short Boeing in case more planes fall out of the air?

You should maybe have another look at it.

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📰 Market Headlines

*past 24-hour performance

  • Bitcoin soared to new highs, breaking past $72,000. Ether broke $4,000 for the first time since December 2021.

  • The S&P 500 and Nasdaq fell on inflation anxiety ahead of today’s CPI report.

  • Speaking of falling, at least 50 people were hurt when a Boeing 787 operated by LATAM Airlines dropped abruptly mid-flight from Sydney to Auckland on Monday.

  • February CPI report is expected to show headline inflation of 3.1% matching January’s number.

  • Strong consumer spending is floating retail stocks and slowing rate cuts.

  • President Biden proposed a new budget that would boost corporate income tax from 21% up to 28%

🕶️ Market Vibes

🎰 Market Forecasts and Futures

Forecasts via Kalshi, the prediction market.

All the analysts are showing 3.1% today for CPI, but Kalshi shows 3.2%.

Meanwhile, the chance of Boeing's CEO being fired this year has risen to 59%.

😱 Fear and Greed Index

🧠 What do you think?

As more Boeing airplanes fall out of the sky, I have a very important question for you.

Would you hesitate to get on a Boeing airplane?

Login or Subscribe to participate in polls.

🎤 What you said last time

📈 Trends you need to know

Cumulative sentiment analysis from DeepSearchLabs is doing a great job of leading Boeing's share price down. How much longer until the thing crashes and burns?

📊 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

  • Oracle shares surged 10% after hours, driven by a 12% increase in revenue.

  • Asana shares climbed 1.15%, with revenue up 14% from last year.

  • The Gap stock price rose 3.4% after reporting a net income of $185 million, a 168% increase from last year.

  • Vail Resorts attributed their 3% drop in share price after earnings to 42% less snowfall across North America.

Market movers

  • Tesla faces a new trial over Autopilot after delayed driver monitoring systems resulted in a fatal crash.

  • Meta's stock dipped over 4% after former President Trump called Facebook "an enemy of the people." [Ed: free markets!]

  • Reddit aims for a $6.4 billion valuation in its upcoming U.S. IPO.

  • EU countries endorsed a draft of rules on gig workers' rights.

Ideas, trends, and analysis

🌍 Global Perspectives

  • 🇨🇳 China's government set a goal of 5% economic growth. [Ed: the result will be whatever the party wants it to be]

  • 🇺🇸🇾🇪 U.S. and coalition forces defeated a large-scale Houthi drone attack in the Red Sea.

  • 🇵🇹 Portugal's Centre-Right coalition claimed victory in the elections.

  • 🇫🇷 France became the world's second-largest arms exporter.

  • 🇮🇹 Italy's birth rate dropped to among the lowest in Europe.

  • 🇭🇹 Gang-led anarchy left dozens of foreigners stranded in Haiti.

📊 Income

📊 Crypto

🧠 Errata

📺 What to Watch Today

Fire up the conspiracy theories.

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt