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- 💥 The Dow Jones smashes through another milestone
💥 The Dow Jones smashes through another milestone
🦟 Plus, a new vaccine that could save 500k children per year
This week, options guru Benedict Maynard will tell you how to hedge these all-time highs. Make sure to subscribe if you want the full briefing.
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📰 Market Headlines
The Dow Jones closed above 38,000 for the first time. The S&P hit a new ATH as well, while the Nasdaq simply continued to rise.
How long can this bull run go when all the gains come from just a few stocks? NVIDIA is up 20% already in 2024, while the Russell 2000 is down 2%. This week, Benedict is going to share a hedging strategy to protect against a correction.
Several big names report earnings today, including P&G, J&J, and Lockheed Martin, ahead of the bell. Netflix reports in the afternoon. Intel, IBM, American Express, Visa, and Tesla report later this week.
Some shipping companies are now using a Saudi land route to avoid idiots with drones and missiles in the Red Sea. Shipping rates through the region are up 461% since October.
🕶️ Market Vibes
🎰 Market Forecasts and Futures
Goldman raised its Q4 GDP forecast to 2.1%, which is still below Kalshi consensus. They also expect only four rate cuts in 2024 now, which is one less than what Kalshi is showing.
😱 Fear and Greed Index
🧠 What do you think?
How are you hedging against a correction in 2024?Best comments get shared mañana. |
🎤 What you said last time
You guys are right in line with the Fear and Greed index. To the moon!
Sorry about cropping answer two. I’ll be more concise next time.
Bull run, baby
“With a couple of significant corrections along the way. . . ”
📈 Trends you need to know
Search results are from our friends at Glimpse, my favorite way to spot trends.
From the WHO:
“According to the latest World Malaria report, there were 249 million cases of malaria in 2022 compared to 244 million cases in 2021. The estimated number of malaria deaths stood at 608,000 in 2022 compared to 610,000 in 2021.”
“Children under 5 years of age accounted for about 78% of all malaria deaths.”
But there’s hope (more below).
📊 Stocks
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Winners and losers
Earnings, upgrades, and acquisitions
Despite warning about Q1 due to most of its Boeing airplanes falling out of the sky, United reported strong holiday results, sending shares up 6%. Other airlines soared higher on the news as well.
Enterprise software company Agilysys beat expectations and reaffirmed guidance. Shares were down 4% anyway. 🤷🏽
Market movers
More layoffs:
Other banks are following Citi’s lead (they fired 20k).
Solar Edge is firing 900 people, 16% of its employees.
Riot Games fired 530 people, 11% of its staff.
UK homebuilders are slashing guidance and scrapping dividends.
The 20 biggest hedge funds “made $67 billion in investor profits in 2023, up from the $65 billion recorded during the pandemic-era rally of 2021.”
Ideas, trends, and analysis
Want to light some money on fire?
Three plays if you’re long lithium.
US cinema ticket sales are down nearly 50% over the last twenty years.
The US has officially hit Peak Boomer.
Most macro funds had a terrible 2023.
It’s time to short gold.
🌍 Global Perspectives
🇨🇳 Beijing is considering a $280 billion bailout. I don’t think that’s enough.
🇰🇵 North Korea released some excellent new war propaganda.
🇨🇲 Cameroon is rolling out a malaria vaccine. If it works, it could save millions of lives per year worldwide.
📊 Income
Seven dividend stocks to buy and forget about.
The treasury yield curve hasn’t been this inverted since 1981.
📊 Crypto
Bitcoin is down around 20% since the ETF launched. It’s under $40k for the first time this year.
🧠 Errata
Shohei Ohtani has very good tax advisors.
How to become a billionaire.
A woman stole $2,500 worth of Stanley Cups.
San Diego is flooded after its wettest January day ever.
Nikki Haley is currently winning the New Hampshire GOP primary by six votes to nil.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt