Swaggy is now Stocks & Income

📈 Plus, Crypto, Ripto

Good morning and welcome to Stocks and Income by Swaggy.

More of the stuff you like more often — every weekday morning at 6am EST to be precise. If this is too much, just smash the button below.

Last push today for my three-part series to wrap up 2023 and look ahead to 2024.

ICYMI:

I’ll have something new and/or more interesting to say tomorrow.

*past 24-hour performance

📰 Market Headlines

  • Markets were green across the board yesterday as Wall Street clawed back most of its yearly losses. Boeing was a notable loser, though none of its planes fell out of the sky yesterday, which they must count as a win.

  • Both oil and treasury yields bounced back after declines.

  • Asian shares advanced off the back of yesterday’s rally on Wall Street. Likewise Europe.

  • Despite yesterday’s optimism, the US Congress is nowhere near a finalized deal.

  • American credit card debt was up more than 17% in 2023.

  • Natural disasters were responsible for $250 billion in losses last year worldwide. Typhoon Doksuri cost China $23 billion alone.

  • Congrats to Michigan, who pummelled Washington to win its first College Football National Championship since 1997.

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🕶️ Market Vibes

🎰 Market Forecasts and Futures

There’s a wide variance between the Kalshi markets and the CME prediction tool. If you think the pros have it right, you can get $25 to play around with on Kalshi.

The electric boiler market is set to grow 9.7% per year through 2031, topping out at $17.4 billion.

😱 Fear and Greed Index

🧠 What do you think?

🎤 What you said last time

There’s a slight preference here for presidential election odds, so we’ll start sprinkling those into the forecast sections above. Generally speaking, though, we’ll keep politics out as much as possible.

📊 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

  • Boston Scientific is looking to acquire Axonics for around $3.7 billion.

  • Not to be outdone, GSK is buying Aiolos Bio for $1.4 billion.

  • Activist investor Elliott Investment Management has acquired a big stake in Match Group Inc.

  • HP is looking to acquire Juniper Networks for around $13 billion.

  • Samsung’s Q4 2023 profit likely fell 35% YoY.

Market movers

  • Both Exxon and Marathon had a tough day yesterday as Saudi Arabia lowered its oil prices. Shares were down 1.7% and 2.7%, respectively.

  • A JV between Blackstone and Canada Pension Plan Investment Board (CPPIB) “won a stake in a nearly US$17-billion portfolio of commercial-property loans from the failed Signature Bank.”

  • Gamemaker Unity Software is cutting 1800 jobs.

  • Instacart, following Amazon’s lead, will feature ads in its AI-powered shopping cart.

  • Nike and Tiger Woods have broken up after 27 years.

  • Wells Fargo branch employees in Delaware are voting to unionize.

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Ideas, trends, and analysis

📊 Income

  • Bill Gross believes ten-year bonds are overvalued.

📊 Crypto

  • Crypto rallied as a BTC ETF got closer to approval.

  • Jim Cramer says it’s time to sell, which means it’s time to buy.

🌍 Global Perspectives

🇨🇳 What you need to know about China’s military purge.

🇹🇼 🇨🇳 A Taiwanese candidate alleges China’s election meddling is the “most serious ever.”

🇰🇷 🇰🇵 🇮🇱 South Korea’s intelligence agency says Hamas is using North Korean weapons.

🇬🇧 A gloomy outlook for British retailers and consumers.

🇦🇷 🇺🇸 What lessons can America learn from Argentina’s new president?

💎 Wealth Watch

🗳️ Outside the Box

📺 What to Watch Today

I watched this on Netflix last night. Highly recommended. It pairs well with The Founder.

📈 Trends you need to know

Search results are from our friends at Glimpse, my favorite way to spot trends.

Search volume for credit card balance transfers is at an all-time high.

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

Cheers,

Wyatt