Morning Market Download from Invincible Money

Personal finance + economics + markets

Staying on top of the markets, economics and the global issues that affect your money takes a lot of time and effort. We distill it down to a quick 5 minute read to help you make better money decisions.

EconomyAmerican manufacturing is making a comeback. $108 billion was spent in 2022 on the construction of manufacturing in the U.S. That's more than on schools, healthcare or office buildings. Why? The government subsidies on semiconductors and EV batteries. Also, retailers don't want as much inventory thanks to the headaches of the past few years, so they want to produce closer to home.

It appears "Made in USA" is making a comeback.

NewsThe Super Mario Bros. moving has broken box office records with $204.6 million and $378 million globally, making it the largest opening for a video game adaptation.

KPMG had audited Silicon Valley Bank (SVB) just 2 weeks before its collapse (WSJ)! Obviously, they missed the unrealized bond losses which lead to a bank run and started the dominoes falling in the bank sector.

According to a leak over the weekend, Russia is winning the war in Ukraine, despite the U.S. spending $80 billion to help. Russia plan to bolster defenses near Finland as the country enters NATO.

StocksShipments of PCs are down worldwide 29% over the past year as the economy looks uncertain and people cut back. Apple's Mac shipments are down 40.5%, Lenovo and Dell down 30% and HP down 24%. Tim Cook said since they had such a good year last year, it's not a fair comparison.

Moderna outperformed the market yesterday (up 1.19%) on an announcement they plan to offer vaccines for such things as cancer, autoimmune disease, cardiovascular disease and rare diseases by 2030 using mRNA technology that was developed just before Covid.

The company's Chief Medical Officer told the Guardian, “I think we will have mRNA-based therapies for rare diseases that were previously undruggable, and I think that 10 years from now, we will be approaching a world where you truly can identify the genetic cause of a disease and, with relative simplicity, go and edit that out and repair it using mRNA-based technology,” he told the Guardian.

CryptoA report out from the debtors of FTX claimed the collapse was a result of "hubris, incompetence, and greed." Further, they lacked appropriate financial controls and even a full list of employees! Execs joked about losing track of millions of dollars.

Faced with uncertain regulations many crypto start-ups are moving their banking relationships to Switzerland where the laws are both more favorable and more certain.

Improve Your Finances

Saving money is an essential habit that can help you achieve your financial goals and secure your future. Here are some tips to help you save more money:

1. Create a budget: Make a plan for your income and expenses. Identify areas where you can cut back on unnecessary expenses.

2. Set financial goals: Determine what you want to save for, whether it's a down payment on a home, a vacation, or retirement.

3. Automate your savings: Set up automatic transfers to a savings account each month.

4. Reduce debt: Pay off high-interest debt to save on interest charges.

5. Find ways to increase income: Consider a side job or selling unused items.

6. Be mindful of small expenses: Little expenses add up, so be mindful of your spending habits.

By implementing these tips, you can develop good money habits and increase your savings over time. Want more tips? Watch 20 Ways to Save $20,000.

Be a Better Investor

Bias That Can Affect Your InvestingAnchoring bias: the tendency to rely too heavily on the first piece of information encountered when making decisions.

Legal StuffNothing in this newsletter is financial advice. Always do your own research and think for yourself.