The one thing in markets everyone should be watching (4 min read)

The 10-Year US Treasury yield is arguably the most important thing to watch right now for investors. It recently surged to 4.88%, the highest level since 2007. Rising bond yields can have multiple negative impact and this article explains how it can affect the stock market, the bond market, and the overall economy.

Oil prices drop further as the global demand outlook turns murky (2 min read)

Oil prices extended their decline following a nearly 6% plunge in the previous day. The falling price is attributed to concerns about lower gasoline demand according to Energy Department data and JPMorgan strategists cautioning that high summer prices and a slowdown in seasonal travel could weaken it. The US dollar's recent strength, reaching a 10-month high, is also contributing to the oil price dip.

Rivian Sinks After EV Maker Plans Convertible Note Offering (2 min read)

Rivian announced plans to issue $1.5 billion in convertible debt through private offerings. The company’s plan to raise additional cash came much earlier than what analysts and investors had expected. It’s cash and equivalent also fell to $9.1 billion in Q3 from $10.2 billion in Q2. This along with the unexpected cash raise sent Rivian’s stock falling over 11%, the largest intraday drop this year.

Microsoft, Amazon facing UK antitrust probe over cloud services (2 min read)

The UK Competition and Markets Authority (CMA) is investigating Microsoft and Amazon over concerns of anti-competitive practices in the country's cloud infrastructure services market. The investigation was prompted by a report from media regulator highlighting the concentration of Microsoft and Amazon's combined market share, which was at 70-80%. The CMA will conclude its investigation by April 2025.

Cryptocurrency Dominates 2023's Top ETFs (2 min read)

Nine of the ten top-performing ETFs this year are crypto-related. Despite facing regulatory challenges, crypto ETFs rebounded sharply from the slump last year, with Bitcoin trading around $28,000, up from its low of $16,000 in November 2022. The only non-crypto ETF on the top ten performing ETF list is the MicroSectors FANG+ ETNs, which gained 65% year-to-date.

Treasury Yields Up Again: How It Hits 3 Big, Rate-Sensitive ETFs (3 min read)

Treasury bond yields have surged to new 52-week highs and it has impacted ETFs in rate-sensitive sectors. Notably affected are iShares 20+ Year Treasury Bond ETF (TLT), Real Estate Select Sector SPDR Fund (XLRE), and Invesco DB US Dollar Index Bullish Fund (UUP). TLT and XLRE have dropped below the moving average while UUP benefited from rising yields, surging to near its previous all-time high.

Sector Allocation Matters for Portfolio Dividend Yield (4 min read)

Due to the Fed’s aggressive rate hikes, US Treasury bills now offer yields of 5%, much more than the S&P 500 Index's 1.5% yield. This shift has led many investors to reconsider their equity portfolios for yield. The article suggests a "dividend farming" approach, emphasizing sector allocation on the equity side for solid dividend-paying companies to make up this difference.

A stock trader shares 4 of his favorite investing books (2 min read)

Erik Smolinski is a self-taught investor who achieved financial independence at the age of 32 with a seven-figure net worth. He recommends four key books for investors - "Options as a Strategic Investment", "Richer, Wiser, Happier", "Stock Market Wizards", and "Secrets for Profiting in Bull and Bear Markets".

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Thomas

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