Two rough months on the trot | Bill SPACman | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for June 7th in 3:06 minutes. ð¡ How green is your house? Thatâs the question weâre asking on June 7th: join INGâs director of sustainable real estate products for [Investing In Sustainable Real Estate](, and find out how to grow (eh? eh?) your alternative investments. [Get your free ticket]( Today's big stories - The US economy added fewer jobs than expected in May, but that might actually be good news for investors
- Thereâs a lot of money in the forex market you could get your hands on right now â [Read Now](
- A Bill Ackman-backed SPAC is in line to buy 10% of record label Universal Music Group Funemployment [Funemployment] Whatâs Going On Here? Data out on Friday showed that the US economy added way fewer jobs than expected in May, as the pandemic continues to show America exactly whoâs boss. What Does This Mean? There were 559,000 more US jobs last month than there were in April. Thatâs not just lower than the 670,000-plus economists were predicting, it fell a long way short of the so-called âwhisper numberâ â the figure investors were expecting â of around 800,000 ([tweet this](). The US unemployment rate did fall, to be fair â from 6.1% to 5.8%. And, significantly, working Americansâ wages were 2% higher in May than they were a year before, compared to economistsâ projections of 1.6%. Still, even thatâs a concern: higher-than-expected wage growth could be yet another sign that [already-high]( US inflation risks running out of control. Why Should I Care? For markets: Whatâs bad for the goose is good for a gander.
Lowball job additions are bad for the economy, even if those in work are being paid more than last year. But this situation could counterintuitively be good for investors. If the US recovery remains tentative, the countryâs central bank is unlikely to end its [economic support]( any time soon. And keeping interest rates lower for longer â and keeping borrowing cheap â would be a boon to the âgrowthâ stocks in market-dominating sectors like tech. The bigger picture: America isnât working.
There are still 7.6 million fewer US workers than there were in February 2020, when the country was as close to full employment as itâs ever been. But many of those lost jobs will never return: the pandemic has pushed plenty of people into early retirement or full-time childcare. In fact, Americaâs 62% labor force participation is way lower than the 80%-odd average rate in both the UK and the eurozone. Americaâs crippling [opioid epidemic]( isnât doing that discrepancy any favors either, so solving that crisis could be key to long-term economic prosperity. You might also like:Â [The industry that might get America working again.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Funemployment&utm_campaign=daily-global-07-06-2021&utm_source=email) 2. Analyst Take Thereâs A Lot Of Foreign Money On The Table Right Now Whatâs Going On Here? Itâs true, cryptocurrencies get all the headlines these days. But traditional currencies deserve some love too. After all, the market is one of the biggest out there, with forex trades hitting [$6.6 trillion every day]( in 2019. And better still, there are a lot of [potential returns]( in that pot for you. See, forex players arenât necessarily trading currencies to make money. Central banks, commercial banks, investors â they all use it for various non-profit-seeking purposes. In other words, they all influence currency prices in different ways â [ways you can take advantage of](. Thatâs todayâs insight: [why you could make a killing off this massive market](. [Read or listen to the Insight here]( SPONSORED BY YIELDSTREET Look beyond the stock market With stocks near record-highs, profits are only getting harder to come by these days. In other words, youâd be smart to look at investments that typically donât move in line with the stock market. [Yieldstreet]( offers a way to do just that: an [alternative investment platform]( where you can invest in real estate, art, aviation, legal finance, and more. You get to choose from their [unique suite of products]( across a range of asset classes, all with different yields, durations, and minimum investments. And since only a fraction of the billions of dollarsâ worth of deals Yieldstreet analyzes make it onto its platform, you wonât have to spend all day looking for [opportunities that meet your needs](. You can invest with just $1,000: [get started today](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. SPACs, Drugs, Rock âNâ Roll [SPACs, Drugs, Rock âNâ Roll] Whatâs Going On Here? Bill Ackman's special-purpose acquisition company (SPAC) is reportedly looking to buy a stake in music label Universal Music Group, but only after it smashes up its hotel room. What Does This Mean? SPACs â listed shell companies that merge with unlisted companies to fast-track their arrival onto the stock market â kicked off in a big way last year. And among the onrush of new contenders came one from hedge fund wunderkind Bill Ackman â a pedigree that helped it [raise]( $4 billion this time last year. Now, Ackâs SPAC is looking to buy 10% of Universal Music Group from French music giant Vivendi for $4 billion. Thatâd [value]( the company at around $40 billion â up from the $36 billion it was penciled in at when Chinaâs Tencent bought its own stake back in 2019. Why Should I Care? The bigger picture: Please donât stop the music.
Sure, a music label might seem like a left-field choice at a time when streaming platformsâ subscriber growth is slowing down. But there might actually be a lot of money in owning superstarsâ back catalogs, whose royalties could provide a steady and substantial income. Whatâs more, Western music streaming services are relatively scarce in Asia, which means thereâs still a lot of room for growth elsewhere â if a label can handle the risk of piracy, that is. Zooming in: The Ackman name isnât a guarantee.
If a SPAC doesnât do a deal within two years of listing on the stock market, it has to return all the capital it raised. And given that Ackmanâs is 12 months deep, the pressure is on. But even if the deal does go ahead, SPACsâ track record is choppy: only 26 of the 89 listed between 2015 and July 2020 delivered gains. Combine that with a [slowdown]( in funding from institutional investors, and it might only be a matter of time before the SPACs craze fizzles out. You might also like: [What makes SPACs like Bill Ackmanâs special.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=SPACs, Drugs, Rock âNâ Roll&utm_campaign=daily-global-07-06-2021&utm_source=email) ð¬ Quote of the day âThe time you enjoy wasting is not wasted time.â â Bertrand Russell (a British philosopher, mathematician, historian, writer, and Nobel laureate) [Tweet this]( SPONSORED BY GRAYSCALE The no-nonsense way to invest in bitcoin You might think youâve missed the boat on bitcoin. Not quite. With [Grayscale](, youâll find an efficient way to [introduce cryptocurrency into your portfolio](: no wallets, no private keys, no separate accounts. Nope, just [the worldâs largest bitcoin trust](, accessible from your brokerage account like any other stock, bond or exchange-traded fund. Throw in a dedicated [Knowledge Center]( â where youâll be able to make sense of bitcoinâs value, how to use bitcoin to hedge, and much more â and youâre all set to start your crypto origin story. Find out more about the [Grayscale Bitcoin Trust]( today. [Find Out More]( When you support our sponsors, you support us. Thanks for that. ð¯ On our radar - No, really. Next time youâre in Hawaii, [eat gas station food](.
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- Jeff will do anything for a buck. Amazon isnât doing much to deter [anti-vaxxers](. When you support our sponsors, you support us. Thanks for that. â¤ï¸ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, youâll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} ð Weâd love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: Kari Shea - Unsplash, Steve Collender - Shutterstock, Giphy | Jeremy Thomas @jeremythomasphoto - Unsplash, WIATIWAT - Shutterstock Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails ð´ Crafted by Finimize Ltd. | Third Floor, 1 New Fetter Lane, London, EC4A 1AN, UK. All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](