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TOGETHER WITH
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Good morning! It's a great day for a fresh look.
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*Stock data as of market close, bitcoin as of 8:00pm ET.
Here's what these numbers mean.
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Markets: Stocks, particularly in the banking sector, held up pretty well
following the hedge fund blow-up that captivated Wall Street this
weekend. Expect more ups and downs in trading this week as investors
adjust their positions ahead of Q1’s close.
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Nation: Opening statements began
in the trial of Derek Chauvin, the former Minneapolis police officer
who faces three criminal charges, including second-degree murder, in the
death of George Floyd last year.
Sponsored by The Motley Fool
Big on bitcoin. The Motley Fool
said that they're buying $5 million worth of bitcoin. Want to know why
they think it could store long-term value better than gold? Learn more here.
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Francis Scialabba
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Today, the
Brew unveiled a brand new design for our Markets section with some
pretty big changes. So before we get into the day's business news, we
wanted to provide a little insight into why we made the switch.
From a
graphics POV, we got rid of some unnecessary white space so that, with
just a quick glance, you can tell if indicators moved up or down.
You also
probably noticed that we removed oil and gold. In their place, we added
1) bitcoin and 2) a "flex" spot, which will allow us to showcase any
security—whether it's a tech stock, oil, or dogecoin—that made an
interesting move the previous day. Today we picked JPMorgan stock
because of the turmoil around the banking sector.
As for bitcoin…
After much
consideration we believe the time has come to feature it daily at the
top of the newsletter. Perhaps you just took a tequila shot out of
happiness. Maybe you just chucked your computer out the window in a fit
of rage.
So why'd we do it? Simply
put: Its price is noteworthy. Bitcoin, as the flagship cryptocurrency,
has grown tremendously as an asset over the last decade, earning wider
acceptance among Fortune 500 companies, institutional financial firms,
and individual investors alike. We think our Markets section will be
more relevant to readers with bitcoin in it.
By the way,
this is not an endorsement of bitcoin—we have no opinion on whether you
should buy or sell it. It's simply a recognition that finance, just like
anything else, is changing, and our newsletter should reflect that.
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Francis Scialabba
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After a
brutal winter surge, Covid-19 cases fell dramatically in late February
and managed to sit steady for a month. But now, despite a vaccine
campaign that's trounced expectations like a Beeple NFT, numbers are
creeping back up.
The
seven-day rolling average for new cases is back above 60,000 and rising,
and deaths (which typically lag a couple weeks) are up 3%.
CDC Director Rochelle Walensky is worried. At an emotional press conference yesterday, she warned
of "impending doom" from another surge and implored the public to take a
page from Prof. Moody and practice some constant vigilance.
Onto the better news
Over
one-third of adults (about 95 million people) have received at least one
shot, according to the CDC. Almost 53 million are fully vaccinated. And
within three weeks, President Biden says, 90% of adults will be eligible to receive the vaccine within five miles of their home.
Yesterday, the CDC also reported that the first "real world" study of the Pfizer and Moderna vaccines showed 90% efficacy and that they help prevent asymptomatic infections.
- The first shot alone confers 80% protection, although experts aren't sure how long that lasts without the second booster shot.
- But
unlike those who promise to "grab lunch soon," vaccine recipients have
followed up: Almost 96% of two-shot recipients get their second dose in
the recommended time-frame.
Zoom out: Rising caseloads reinforce that more vaccines doesn't immediately translate to less Covid in the short-term. Yesterday, Biden pleaded with state and local leaders to maintain or reinstate mask mandates as the rollout continues.
+ While we're here...the latest installment in Covid-19: Origin Story. In a draft report obtained by the AP, WHO researchers investigating the coronavirus said it most likely jumped from bats to another critter to humans. A lab leak was determined to be "extremely unlikely."
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MarineTime
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Well, folks, we did it. With the power of jokes, tugboats, and high tide, the Ever Given was freed
from the Suez Canal yesterday after nearly a week of blocking it. While
the ship might want to return to the anonymity of container
transportation and leave the paparazzi behind, it's not that easy: The
backlog of traffic at the Suez could take almost a week to clear and
could ultimately create more congestion as ships begin to arrive at
their destinations at the same time.
- The average wait time
for a berth at ports in the LA area, the biggest US gateway for goods
from Asia, is already about eight days thanks to existing logjams.
Zoom out: The clog blocked more than 10% of global shipping traffic and brought up lots of talk about the fragility of global supply chains.
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The 30 Percent Real Estate Diet. If you’re unfamiliar, then pull up a chair, because we’re about to give you some tasty investing knowledge that could leave your wallet feeling nice and full.
A
traditional investing portfolio is made up of 60% large-cap stocks and
40% bonds. But Fundrise has introduced a new element into the equation: access to private market real estate investing.
Being able to diversify your portfolio with a historically consistent, low-volatility asset class like real estate has changed the game:
- Over the past 5, 10, 20, and 40 year periods, if you owned an investment portfolio with a 30 percent allocation to private real estate (instead of a portfolio with 60% stocks and 40% bonds), you likely would’ve generated a higher return with more annual income and less volatility compared to a more traditional portfolio.
Mmmm, that 30 Percent Real Estate Diet tastes reeeaalllll good. Start diversifying your portfolio with Fundrise today.
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Thomas Samson/Getty Images
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Stat: 10.7% of adolescents aged 12 to 17 became addicted to marijuana
within a year of trying it for the first time, according to a new study
published yesterday in JAMA Pediatrics. That's comparable to the same
age group's addiction rate (11.2%) for prescription opioids.
Quote: "It had essentially gorged on more debt than it could handle."
Bloomberg
columnist Tim O'Brien argued that the liquidation of Archegos Capital,
an obscure hedge fund that bet big on stocks like ViacomCBS and
Discovery and was forced to sell off $20 billion in shares on Friday, is
symbolic of a lack of transparency on Wall Street.
Read: How mRNA technology could change the world. (The Atlantic)
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MSCHF
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Lil Nas X's unofficial “Satan” Nikes
sold out of its 666 pairs in under a minute on Monday. The updated Nike
Air Max 97s are part of a collab between the “Old Town Road” singer and
New York-based art collective MSCHF, which is known for online stunts
including chopping up a $30k fine art print last year.
The sneakers
allegedly contain a drop of real human blood mixed into the red ink
sloshing around inside the air bubble. Nike was quick to say it didn’t
create, endorse, or bleed into the sneaker—then it later sued MSCHF for
selling “unauthorized Satan Shoes.“ It's worried about the social media
blowback: Everyone from South Dakota’s governor, Kristi Noem, to football player Trevor Lawrence tweeted their varying levels of concern about the eternally damned shoes this weekend.
Zoom out:
Lil Nas X timed the sneaker drop with his most recent music video
release for “Montero (Call Me By Your Name),” the steamiest take on
going to H-E-L-L we’ve ever seen.
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The Biden administration announced an ambitious plan to boost offshore wind power in the US.
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Petr Kellner, the Czech Republic's richest man, died in a helicopter crash in Alaska along with four others.
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Ark Invest, an investment firm that had an incredible run in 2020, is launching a space exploration exchange-traded fund (ETF) today.
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Volkswagen
accidentally leaked the new name it had chosen for its US operations:
Voltswagen. A name so clever you'd think we came up with it.
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Carbone, the exclusive Italian restaurant with a global reach, now has its own pasta sauce for retail.
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Final day for powerful savings. The CMA® (Certified Management Accountant) certification
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Tech Tip Tuesday: If you use the productivity software Notion (and if not, you should check it out), make sure you peep these templates to help you get even more organized.
Bonus Tech Tip Tuesday: Learn how to make your desktop folders look a lot cooler, or just change the color (Macs only).
AI intrigue: Why did one of the most sophisticated AI advances spark multiple firings at Google and a debate across the AI world? Read Emerging Tech Brew's latest piece to find out.
*This is sponsored advertising content
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The New York Times published an entertaining game
yesterday that tests your intuition about the 2020 election and the
American landscape. You are shown a Google Maps street view of a
particular neighborhood, then have to guess which presidential candidate
the locals voted for in the last election.
Here's one example. Can you tell whether Biden or Trump won this area? 
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Hit the button below to start sharing the Brew.
Click to ShareOr copy & paste your referral link to others:
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Trump won here by 16 points. "Here" is Worth, Illinois, in suburban Chicago.
Activists
Want Corporations to Boycott Ga. Over Election Law
Biden
Regime Preparing Executive Orders on Gun Control
SPECIAL: Make
Your Colon Clean as a Whistle
SD
Gov. Noem Kills Transgender Bill, but Orders Ban
AP
Tells Reporters Not to Call Immigration Surge a ‘Crisis’
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| ADVERTISEMENT |
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Today's
Headlines...
Nancy
Pelosi Just Proved Why She’s the WORST House Speaker in History
[RESTOCKED!] Get Your Trump Collectible Pocket Watch
Today (sponsor)
This
Flashback of Kamala Harris Talking about the Border will Crush Her
SHOCKING
Video Shows the Horrifying Truth at the Border
Former
Trump Official Just Socked Biden Admin with Scorching Demand
Clarence Thomas has been waiting years for a case like this to come down the pike.
And a lower court handed him that opportunity on a silver platter.
Now Clarence Thomas is about to hand Joe Biden the defeat he was waiting for.
March 30th, 2021
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