(Traders working at the New York Stock Exchange. Image courtesy of NYSE Group.) |
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Amazon founder Jeff Bezos has been (reportedly) secretly funding an electric vehicle company called Slate Auto, meaning he’s now even more like Tesla’s Elon Musk. In true comic book fashion, Bezos and Musk also have matching space companies: Blue Origin and SpaceX, respectively. Keep track of how Bezos, Musk, and Meta CEO Mark Zuckerberg are stacking up with our billionaire boy punch card.
US stocks booked their largest gains since 2008 as President Trump dialed down tariffs, kicking off a face-ripping rally on Wall Street, where a record of more than 30 billion shares changed hands across all US exchanges.
The S&P 500 rose 9.5%, the Nasdaq 100 gained 12%, and the Russell 2000 marched 8.7% higher. It was the best day for the benchmark US stock index since October 28, 2008, and the largest gain for the tech-heavy gauge since October 13, 2008. More on one of the wildest days on Wall Street below. |
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Abracadabra. Hocus pocus. Alakazam. These are the classic examples of magic words, phrases so subsumed with arcane energy that their simple utterance is said to drastically change our mortal realm. They, however, appear altogether trivial in light of a new set of magical words — specifically, “I have authorized a 90 day PAUSE,” a seven-word incantation posted by Trump that made $3.6 trillion in market value reappear in the S&P 500 in mere hours. Magic!
Now, does this come after a different set of magic words delivered last week made all that money and more disappear in the first place? Sure. But whether or not you believe in magic, the words had real power. The instant reaction: |
So, all good? Not really! As Wedbush analyst Dan Ives put it, the tariffs have “been an epic debacle over the last week in the Beltway and real damage has already been done to the economy.” |
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Sure, after a few days of panic selling, it can be fun to treat yourself to some panic buying. But some of the reaction here doesn’t exactly add up. Why, for instance, did a basket of US stocks with the biggest sales exposure to China have its second-best session on record the very same day China slapped the US with 84% tariffs and the US re-upped to 125% tariffs on China? (You have to see this chart to see how crazy the day was.)
That’s one reason to be, despite Trump’s magic words, bibbidi-bobbidi-bearish. |
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Great Companies Grow Quietly… Until They Don’t |
Last year, VC-backed IPOs outperformed public markets by over 2.5X.1 Though formerly reserved for the ultra-wealthy, private investing is now open to everyday Americans — and Mode Mobile’s private offering is a leading example.
With $35M+ invested by over 41,000 investors across all offerings, Mode continues to gain momentum despite market headwinds. Here’s why: |
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VC-backed with 32,481% revenue growth from 2019-2022
- Nationwide distribution in Walmart and Best Buy
- Nasdaq ticker $MODE reserved ahead of potential IPO2
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During interesting times such as the ones we’re all living in, many investors look for alternatives to the stock market for how to invest their money. While most high-end art is out of us mere mortals’ price range, something interesting is afoot in the $5,000 and under market. |
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Which goods does the US import from China the most? |
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Apple Update Could Spark Hidden Earning Opportunity |
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Airlines in general had a great day, but one American flight didn’t after a passenger who was mad about his meal forced the plane to turn around
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Some good auto news: Volkswagen deliveries ticked up despite one region falling
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King Charles III and Queen Camilla just celebrated 20 years of marriage, though they’ve known each other much, much longer
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A college baseball team finally broke a 99-game losing streak... by beating a team with a 42-game losing streak
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- March Consumer Price Index
- Earnings expected from CarMax
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Advertiser's disclosures:
1 The return of the VC Backed IPO Index was compared to the return of the S&P 500 Index for the period of January 1, 2024 to December 31, 2024. You cannot invest in an index.
2 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. Any IPO timing is unknown and general steps to be accepted for an IPO have not been undertaken at this point. An intent to IPO is no guarantee that an actual IPO will occur. 3 Services include both EarnApp and EarnPhone.
4 See video for further details.
5 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck. 6 The minimum investment is $999.96.
7 Pre and Post: IPO Returns Analysis Study Finding, 2022: Investing in the pre-IPO rounds of technology companies as opposed to investing at the IPO generates superior returns. See the study for further details. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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