⚔️ Rate cut in summer?

and history in the making

Good morning investors! Keep an eye on inflation numbers set to come out today.

Today we cover:

  • No rate cut until the summer.

  • Stocks hit new highs.

  • Bitcoin crosses 50K.

Follow us on Twitter for more.

🔈 Audio version: Apple Podcasts | Spotify | YouTube

📊 Economy and News 

No rate cuts until the summer, says Atlanta Fed chief

Atlanta Fed President Raphael Bostic expects the nation’s inflation rate to get closer to the Fed’s target by the end of 2024.

“With that outlook, I really see the first move coming sometime in the summertime,” he said, regarding lowering interest rates that currently sit at a 23-year high.

Bostic showed confidence in the economy and said he's happy with the labor market figures.

This comment from Bostic further increases the chances of a ‘no rate cut’ in March. We'll get to know more on inflation as the year's first inflation report is due today.

Global hits:

📈 Stocks

S&P 500 5,021.84 (-0.095%)
DJIA 38,797.38 (+0.33%)
NASDAQ 17,882.66 (-0.44%)
BRENT CRUDE 82.62 (-0.01%)
* Prices as of Feb 13rd, 12:20 AM UTC

The stock market creates new records

The Dow Jones Industrial Average rose to a new high on Monday as investors awaited fresh inflation and earnings data. Moreover, the S&P 500 index slipped slightly yet remained above 5,000.

Earnings continued to flow in with Cadence Design Sys sliding -7.4% due to poor guidance despite a strong earnings report. The biggest highlight was Zoominfo Technologies that gained 4.3% during the day and jumped 20.5% after the bell.

After PepsiCo last week, which saw a decline in sales due to high borrowing costs and lower personal savings. Today, Cocaa-Cola is set to report earnings.

Reminder: Activist investor Carl Icahn called JetBlue Airways “ undervalued”, helping the company gain 10%. The investor owns a 10% stake in the company.

Good news: Arm seems to be unstoppable and appears to be following in Nvidia’s footsteps. The stock, which is being called the next ‘AI Darling’, jumped 29% yesterday.

Sponsored by 10 East

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The end result?

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Benefits of 10 East membership include:   

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  • Institutional resources – a dedicated investment team that sources and diligences each offering.

🔐 Crypto

Bitcoin $49,977 (-0.01%)
Ethereum $2,685 (-0.03%)
Total market cap $1.88 (-0.02%)
* Prices as of Feb 13th, 12:20 AM UTC

Bitcoin crosses the $50K mark

It’s time for Bitcoin investors to celebrate as the coin is on a great run and has finally crossed the $50,000 mark after two years.

″$50,000 is a significant milestone for bitcoin after the launch of spot ETFs last month not only failed to elicit a move above this key psychological level but led to a selloff and some deep soul searching about these new bitcoin products,” said Antoni Trenchev, co-founder of crypto services firm Nexo.

This is the coin's best week since Dec. 8, ending up 10.76% as of Friday.

inflows are increasing and the confidence in cryptocurrencies is once again gaining. Plus, thanks to platforms like Zellix, it is now possible to use BTC to make purchases on Amazon. This proves that BTC adoption is increasing, which is one of the reasons why the coin is on the rise.

The new resistance level is now $48,600. If the coin can hold this position, it will soon shoot for $55,000.

💵 Personal Finance

Remember these tips for a secure financial life - Part I

Use cash, not credit

The world is changing and we’re now more dependent than ever on plastic money but this has to change. You can control cash but you can’t always control cards, so grow the habit of using cash over cards.

Use cards when beneficial, i.e.: getting points or discounts but make sure to pay on time and pick debit cards over credit cards.

Educate yourself

Make it a point to learn about personal finance and money.

  • You’re reading this newsletter? Great.

  • You wanna check podcasts? Even better.

  • Attending a seminar? That’s awesome.

  • Considering an online finance course? Fantastic!

All these are ways to expand your knowledge and learn to manage money.

There’s always something new to learn. Things are changing. We didn’t have cryptocurrencies yesterday, but now we do. We don’t have BTC ETFs today, tomorrow we may.

So stay ahead of the crowd.

Get educated but without loans

Stay away from all kinds of loans, including credit card loans, student loans, and more. A house loan, however, might be a good option but only if you plan it right.

With proper planning, a house mortgage can be very beneficial, i..e: you might end up with a house of your own without any financial burden.

But, no matter what kind of loan you apply for, only choose if you are sure you will be able to pay it back in a timely manner.

Don’t make the mistake of ruining your credit score as it can spoil your financial standing.

💰 Be a Better Investor

“Investing is the intersection of economics and psychology.”

Seth Klarman

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👩🏽‍⚖️ Legal Stuff
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