Auto Loans & Credit Cards Going Sour 🦠

🌞 Good Morning Autonomy🌞

We're watching the US consumer closely (especially debt) while taking note of where funds are flowing across markets.

Cosumer strenght, inflation, Fed Policy, earnings and investor outlook remain as the main factors dictating markets these days.

Let's jump in 🤾‍♂️

✨Trends✨

A son of Qatar’s former prime minister, has submitted a bid to take over Premier League club Manchester United (FT)

Investors are raising the bar for retirment and douting the size of their nest-egg here in the US. (BBG)

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⚙️Economy⚙️

US consumers are missing auto payments at highest rate since 2010 (WSJ)

Twitter is facing claims of over $14M in unpaid bills (WSJ)

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💹Markets💹

Incoming U.S. corp earnings: Walmart, Home Depot, Molson Coors, Caesars Entertainment, Medtronic.

40% of Converted ETFs suffer net outflows. (FT)

🧿Many hedge funds, mutual funds, active funds have moved on to the ETF model to more easily capture investor dollars. However, without lock-up dynamics it looks like this business model is struggling with change.

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⚡️Digital Assets⚡️

Human Rights Foundation chief strategy officer Alex Gladstein argues that Bitcoin represents free speech, property rights and open capital markets — stifling the power of tyrannical governments. (CT)

SEC proposes rules that would change which crypto firms can custody customer assets (CNBC)

🧿The battle for crypto-banking continues. More on this soon.

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🌎Macro🌏

Floods and landslides are wrecking Sao Paulo. The state, in Brazil’s southeast, has been inundated by rain, blocking roads, swamping neighborhoods, and displacing hundreds of people. (Aljazeera)

India announced the discovery of 5.9 million tons of lithium in Jammu and Kashmir earlier this month. It could be a gamechanger for the country’s green tech industries, especially as Delhi aims to achieve net-zero by 2070. (QZ)

Chart Du Jour 👨🏻‍🍳

Meme Digestif ☕️

Have an awesome day.

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