💼 Unsinkable

Nasdaq and S&P 500 soar to record highs as markets appear unsinkable... your pre-market briefing inside →v                                                                                                                                                                                                                                                                                                                                                                                                                 March 01, 2024 | [Read Online]( Good morning. The Fast Five → [Nasdaq and S&P 500]( soar to end month at record highs, Senate approves bill to [avert government shutdown]( , the Fed’s favored [inflation gauge]( meets expectations, IRS targets [wealthy ‘non-filers’]( with wave of compliance letters, and Microsoft introduces [Copilot AI for Excel](… Calendar: - Today, 3/1: Consumer sentiment (final), 10:00a ET Your 5-minute briefing for Friday, March 1: BEFORE THE OPEN As of market close 2/29/2024. Pre-Market: US Investor % Bullish Sentiment: 44.28% for Wk of Feb 22 2024 Market Recap: - Futures steady as Nasdaq hits new high, markets close winning month. - Dow down 19 pts, S&P 500 flat, Nasdaq slightly lower. - NYCB plunges over 20% on leadership change. - February sees AI-driven rally continue, Nasdaq up 6.1%, S&P up 5.2%. - Inflation data in line with expectations, PCE index up 0.4% in Jan. - Bitcoin soars nearly 45% in Feb, crossing $62,000. - Weekly gains: S&P 500 up 0.2%, Nasdaq up 0.6%, Dow down 0.4%. EARNINGS Full earnings calendar [here]( HEADLINES [Nasdaq and S&P 500 Soar to Record Highs as Markets Appear Unsinkable]( The tech-heavy Nasdaq composite index and S&P 500 broke records Thursday afternoon. [IRS Targets Wealthy ‘Non-Filers’ with New Wave of Compliance Letters]( Non-filers making between $400,000 and more than $1 million with unfiled federal returns from tax years 2017 to 2021 will receive the initial round of letters. - US Senate approves bill to avert government shutdown, sends it to Biden ([more]() - Fed’s favored inflation gauge eases to slowest pace in more than two years ([more]() - Jobless claims jumped more than expected last week ([more]() - Dollar steady as traders ponder Fed rate cut bets; yen shaky at 150/dlr ([more]() - SEC investigating OpenAI's communications around its boardroom crisis ([more]() - Xi’s one-man rule over China’s economy is spurring unrest ([more]() - US consumers fight back by shifting from name brands to store-brand items ([more]() - Boeing agrees to $51M settlement for US export violations ([more]() - Microsoft introduces Copilot AI chatbot for Excel and Outlook ([more]() - Bud Light boycott likely cost Anheuser-Busch over $1B in lost sales ([more]() - JPMorgan picks HSBC, StanChart to run $500B custody business in Hong Kong, Taiwan ([more]() - Oprah leaving WeightWatchers board, sending stock tumbling ([more]() - Fisker laying off 15% of staff saying more cash needed ahead of a ‘difficult year’ ([more]() - Millennials set to become the ‘richest generation in history,’ new report shows ([more]() A MESSAGE FROM BEHIND THE MARKETS Dear Fellow Investor, I have great news to report. We just pulled off 3 huge biotech wins in one month - Behind the Markets subscribers saw gains of 118% before the market even opened! And our premium subscribers saw another 43% gain and 125% gainall within the same month. But these gains are only the beginning - because the biotech industry is booming, and there's no better time to get in. [Get our next big potential winner here ]( All the best, Simmy Adelman, Publisher Behind the Markets Tip: If email is clipped by Gmail click “read online” in the top right corner DEALFLOW M+A | Investments - Greg Coffey in talks to buy EMSO, create $13B hedge fund firm ([more]() - NFL helmet maker pauses sale talks, seeks debt for dividend deal ([more]() - Omers, Harvest consider potential $3B sale of Epiq Systems ([more]() - JAB seeks up to $2.5B in Keurig Dr Pepper share sale ([more]() - Totango, a provider of enterprise customer success software, and Catalyst, a provider of a customer growth platform, merged ([more]() - LMP-backed London & Capital and Waverton merge ([more]() - Ginkgo Bioworks (DNA), a company building a platform for cell programming and biosecurity, acquires Proof Diagnostics, a life sciences discovery company ([more]() - First Advantage buys Sterling Check ([more]() - CenterOak’s Shamrock acquires JG Environmental ([more]() - Bridgepoint purchases RoC Skincare ([more]() - Kopper acquires Brown Wood Preserving ([more]() - Valisure, a healthcare company focused on quality assurance in pharmaceutical drugs, received an investment from AlleyCorp ([more]() - Insurcomm, Inc, commercial/residential restoration services provider, received majority growth investment from Summit Partners ([more]() - Ares invests in Bluepeak ([more]() - Summit Partners invests in Insurcomm ([more]() VC - Figure, an AI robotics company developing general purpose humanoid robots, raised $675M in Series B funding, at $2.6B valuation ([more]() - Fervo Energy, a geothermal development company, raised $244M in funding ([more]() - Kenai Therapeutics, a biotech company leveraging pluripotent stem cell technology, raised $82M in Series A funding ([more]() - EasyKnock, the first home equity solutions platform, announced the completion of a $28M Series D funding round ([more]() - Vibe.co, the 'Google Ads of Streaming,' announced a Series A funding round of $22.5M led by venture firm Singular ([more]() - Anthro Energy, a provider of lithium-ion batteries, raised $20M in Series A funding ([more]() - Relish, a provider of solutions for businesses to optimize procurement systems, raised $10M in Series A funding ([more]() - Gradial, a provider of a content management system, raised $5.4M in seed funding ([more]() - PawCo Foods announced a $2M seed funding round ([more]() - Clasp, a provider of a modern employee benefits infrastructure, raised $1.5M in initial funding ([more]() - Shader, provider of an AI-powered real-time camera app, raised $580K in funding ([more]() - Autogon AI, a no-code AI orchestration platform, received funding from Fast Forward Venture Studio ([more]() CRYPTO - Bitcoin is hitting all-time highs around the world ([more]() - Bank of America’s Merrill, Wells Fargo offer Bitcoin ETF products for clients ([more]() - Gemini to pay over $1B back to customers in settlement ([more]() BULLISH BITES 🎲 Gaming: [Frenemies]( in the corporate-loan market. 🎯  Mad men:: The Pentagon is using [targeted ads]( to find its targets. 👞 Style guide: How to dress like [Michael Caine](. 🍷 House account: What it costs to get [VIP status]( at one of NYC’s hottest restaurants. 📈 Game-changer? [The only AI company you should be looking at]( (BTM)* *from our sponsor DAILY SHARES [tw profile: tweet davidson 🍞] tweet davidson 🍞 @andykreed [tw] if you send a drunk text on leap day it doesn’t count Mar 1, 2024 5 Likes 0 Retweets 0 Replies [tw profile: John W. Rich (Wealthy)] John W. Rich (Wealthy) @Cokedupoptions [tw] I’m about to order dinner, and I’ve instructed my banker to be on standby. Wish me luck. Mar 1, 2024 270 Likes 13 Retweets 23 Replies [tw profile: Trung Phan] Trung Phan @TrungTPhan [tw] Been parked outside of Wendy’s for the past 6 hours trying to time the perfect entry price for a Big Bacon Classic ($1.20 to $1.60) Feb 29, 2024 17.8K Likes 1.52K Retweets 221 Replies [tw profile: rohit] rohit @krishnanrohit [tw] Have you noticed how Mark Zuckerberg is becoming more human and approachable, just as robots are becoming dramatically better? Feb 29, 2024 3.64K Likes 161 Retweets 74 Replies Know someone who would enjoy this? 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