💼 Bondageddon

Worst US Bond Selloff Since 1787 Marks End of Free-Money Era... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 October 10, 2023 | [Read Online]( ☕️ Good Morning. The Fast Five → [Pentagon]( pushing U.S. defense industry to bolster Israel, [worst bond selloff]( since 1787 marks end of free-money era, [consumers]( starting to buckle for first time in a decade, [gold]( holds gains, and [french fries]( signals good news for economy… Here’s your 5-minute MarketBriefing for Tuesday: BEFORE THE OPEN As of market close 10/9/2023. MARKETS: - U.S. stock futures near flatline as Israel-Hamas conflict impact assessed. - Dow Jones futures flat, S&P 500 futures down 0.01%, Nasdaq 100 futures up 0.07%. - Monday's trading saw stocks initially lower, then turning positive. - Dow adds 197 points (0.6%), Nasdaq Composite gains 0.4%, S&P 500 adds 0.6%. - Energy and defense stocks surge as crude prices rise over 4%. - Hamas-Israel conflict leads to concerns about potential sanctions on Iran affecting global oil supply. - Investors await NFIB Small Business Survey data, August wholesale inventories, and PepsiCo earnings. EARNINGS Here’s what we area watching this week: - Today: PepsiCo (PEP) - Thursday: Delta Air Lines (DAL) - Friday: Wells Fargo (WFC), BlackRock (BLK), Citigroup (C) - [Full earnings calendar here]( NEWS BRIEFING [Worst US Bond Selloff Since 1787 Marks End of Free-Money Era]( Carnage from the bond market—where the rout is worse than anything you’ll find in the history books—is spreading, and the implications are nasty. [Consumers Starting to Buckle for First Time in a Decade, Former Walmart U.S. CEO Bill Simon Warns]( Bill Simon blames a list of headwinds weighing on consumers including inflation, higher interest rates, federal budget wrangling, polarized politics and student loan repayments — and now new global tensions. - Pentagon pushing U.S. defense industry to bolster Israel in fight against Hamas ([more]() - Hamas official says group is open to discussions over truce with Israel ([more]() - Here’s what you need to know about the big jobs report Friday ([more]() - Long bonds’ historic 46% meltdown rivals burst of dot-com bubble ([more]() - ‘Stay boring’: It’s how bond investors are riding out volatility ([more]() - One bond market is defying the global selloff with record Returns ([more]() - Gold holds gains as markets mull rate pause, Middle East Crisis ([more]() - Consumers still order french fries with meals, signals good news for U.S. economy ([more]() - China targets 50% boost in computing power as AI race with U.S. ramps up ([more]() - Bank of America’s wrong-way rate bet hurts Moynihan’s growth pledge ([more]() - Hollywood writers ratify new contract with studios ([more]() - U.A.W. workers at Mack Truck go on strike ([more]() - Google announces new generative AI search capabilities for doctors ([more]() - Amazon takes on Starlink with satellite internet launch ([more]() - ChatGPT’s mobile app hit record $4.58M in revenue last month, but growth is slowing ([more]() - Cruise prices are way up as operators meet surging travel demand ([more]() - Activist investor Nelson Peltz seeks board seats at Disney ([more]() - How New York City is planning to spend $15 billion raised from a new congestion pricing toll ([more]() DEALFLOW - Regent Craft, a manufacturer of all-electric seagliders, raised $60M in Series A funding ([more]() - Viewpoint Ventures, a venture capital firm focused on the future of insurance, launched with the close of its Viewpoint Fund I, at nearly $150M ([more]() - Glydways, a company develping an on-demand Personal Rapid Transit (PRT) system, raised $56M in Series B funding ([more]() - Sensigo, an AI-powered automotive data platform startup, raised $5M in seed funding ([more]() - Class Companion, an AI platform that empowers teachers to give instant, personalized feedback to students, publicly launched with $4M in seed funding ([more]() - SpecCheck, a startup that provides optical billing and customer management tools, raised $3.7M in seed funding ([more]() - Optilogic, a supply chain network design software company, secured a funding round of undisclosed amount ([more]() - CropX Technologies, a company specializing in digital solutions for agronomic farm management, received an investment from Neutre Impact in Series C funding ([more]() - First Resonance, a manufacturing software startup, received an investment from Emerson Ventures (NYSE: EMR) ([more]() M & A: - HSBC buys Citi’s $3.6 Billion China retail assets in expansion ([more]() - BlackRock, Grain near purchase of Phoenix Tower Stake ([more]() - Prosperity Life Group’s SUSA acquires National Western for $1.9B ([more]() - Capital Square, Itochu purchase Build-for-Rent Community in Texas ([more]() - QHP Capital buys Applied StemCell ([more]() Was this briefing forwarded to you? ([Sign up here](.) CRYPTO - U.S. dollar ‘collapse’—shock $8 trillion predicted Fed inflation flip to spark a ‘critical’ Bitcoin, Ethereum, XRP and Crypto price boom to rival gold ([more]() - FTX’s Gary Wang tells court Alameda got ‘special privileges’ to exchange’s funds ([more]() - 3 reasons why Ethereum price can't break $2K ([more]() - Binance launches new domain in UK ahead of new financial promotions regime ([more]() - Ripple CTO seeks community consensus for XRPL AMM feature adoption ([more]() BULLISH BITES 👞 Birkenstock IPO: Is it Worth $10B? → [Trung]( And 4 other questions about the 249-year cult German footwear brand. 🚀 Meet the 24 New Startups in Techstars Seattle, as Accelerator Doubles Class Size? → [Geekwire]( This year’s cohort is made up of industry vets from diverse fields like healthcare and robotics. Founders hail from large tech companies such as Meta, Microsoft, and Nordstrom. 😬 When Startups Lose a Very Early Employee, They May Never Recover → [WSJ]( A study also found that when an employee hired in the startup’s second year leaves, the impact is minimal. DAILY SHARES [tw profile: Autism Capital 🧩] Autism Capital 🧩 @AutismCapital [tw] When you realize Michael Lewis wrote Going Infinite for the airport everything clicks into place. Oct 9, 2023 110 Likes 6 Retweets 17 Replies [tw profile: Wall Street Memes] Wall Street Memes @wallstmemes [tw] I'm telling you, it would hit. Oct 9, 2023 678 Likes 124 Retweets 97 Replies [tw profile: High Yield Harry] High Yield Harry @HighyieldHarry [tw] How I look when I’m fielding questions during Investment Committee Oct 9, 2023 197 Likes 3 Retweets 4 Replies Know someone who would enjoy this? 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