We have a new newsletter!
It’s called Brew Markets and focuses on...the market
Everything from the rise of the Magnificent 7 to the fall of NFTs, in your inbox, five days a week
It's a bit different from our other newsletters so let's take a tour to get acquainted
1/ The amount of time it takes to settle a trade on Wall Street just got cut in half
Here is what you need to know about the new T+1 system that goes live today
Orange juice futures are currently trading at about double the price from last year
• Florida orange production is down 93% in last two decades
Some manufactures have begun exploring making OJ with mandarins instead
Big oil has been on a tear recently
• Chevron acquired Hess for $53B
• ExxonMobil bought Pioneer for $60B
• Occidental acquired CrownRock for $12B
• ConocoPhillips announced acquisition of Marathon for $17B
All in the last 6 months. All under a merger-hostile FTC.
The yield curve has been inverted for about 400 straight trading sessions
Is the usually accurate recession indicator broken or are we just long overdue for a correction?
Another interesting Guardian-Harris poll
- 49% think stock market is down YTD (it's not)
- 56% of people think we're in recession (we're not)
- 49% think unemployment is at 50-year high (it's not)
Big disconnect between data and how people feel
Bitcoin +21% in past month
Ethereum +30% in the last week
Bitcoin just ~5% from all time highs
Ethereum ETF approval on the horizon
Crypto lookin good rn
12/ But as a retail investor, you probably won't notice a change except cash arriving in your account faster after a sale
Keep an eye peeled for tomorrow "double settlement" day
But for now, it looks like the plumbing of the market just got an upgrade
S&P 500 companies are hardly discussing inflation on earnings calls anymore
Only 219 mentioned “inflation” in Q1 earnings calls—the lowest number since Q2 quarter of 2021, per FactSet
And of course, no Brew would be complete without a referral section
Share Markets Brew with your friend who loves losing, I mean, making money in the market...and get Brew swag in the process
Golden Goose could go public as soon as this week, per Bloomberg
• Expected to be valued at about 11 times this year’s estimated earnings ($3.3 billion)
Currently owned by European PE firm Permira
Biggest winner is definitely Nvidia CEO Jensen Huang
His stock awards have quadrupled in value
Huang could receive 50% to 100% more shares than originally targeted if the company meets performance criteria
Nvidia’s share price tripled during the year
First, who is this newsletter for?
Its intended to provide active traders (and those who want to be) with a brief summary of the day’s market moves
Plus some expert takes, practical tips, and educational content—all in a five-minute read.
A lot happens in the market every day
Movers & Groovers takes you behind the most important moves of the day
Roaring Kitty could break this section if he started tweeting again
After an easter-induced increase in March, RevPAR for the U.S. declined by 6.1% YoY in April 2024.
Other highlights from the April data:
- Available listings up 8.7% YOY (Lowest growth rate since 2021).
- Total demand (nights) rose 0.4% YOY
- Occupancy was 8.4% lower YOY at
3/ Roughly a century ago, trades in New York were settled in one day
But as volume grew the timeline to settle stretched longer reaching as high as T+5
But now we're on the road back to speed
Around the Markets is a section that gathers important headlines that have market moving potential...but not enough for a whole story to be written about them
Think, "What else is brewing" from our flagship newsletter
Then we have top story on the biggest story in the market for the day
This could be a broader look at overall market sentiment or a deeper dive into a company's earnings
It's the important thing thing you should care about after the bell
I'm noticing a lot of people saying "Airbnb really is struggling, must be all the fees"
According to this report, demand for Airbnb from travelers is *up* it turns out
However, the supply of hosts is *up* much more
So each host, on average, is doing worse. More competition
What's under the hood? First thing you're greeted with is a beefed up markets section
You can find this in our flagship newsletter, but this now you get more context behind the numbers you see