Autonomy🪬: Bonds In, Crypto Out

Good morning all! We are half way there, I’ll be posting a video later this morning. Here’s the latest:

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Markets💹

Disney has firmly rejected activist investor Nelson Peltz’s board bid. The entertainment giant doesn’t think he has what it takes. Meanwhile, China has approved the release of two major Marvel titles 

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Investing👨‍🔬

60/40 Portfolio

Asset managers Blackrock, AQR and DoubleLine are touting that the portfolio strategy of 60% stocks and 40% bonds will perform well this year (as opposed to last years -17%) given the Fed’s rate tightening cycle. 

Autonomous Note🪬: In our predictions for 2023 we stated “fixed income will become cool again” good to see these guys echoing the sentiment. With rates above 4% it makes sense to generate some return with a more manageable risk profile. 

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Digital Assets 👾

At the World Economic Forum’s blockchain hub (Davos), Skybridge Capital’s Anthony Scaramucci brought the fire.

Last September, FTX Ventures, run by Sam Bankman-Fried, bought a 30% stake in SkyBridge for $50 million. Scaramucci, who considered Bankman-Fried a friend, said the downfall of FTX underlined the need for more regulation of the industry, but did not spell the downfall of blockchain or crypto. 

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Silvergate, the crypto-friendly bank, posted a $1.05 billion loss for 2022’s fourth quarter. 

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Razzlekhan has a new job. Former crypto-rapper and accused Bitfinex thief and money-launderer Heather Morgan is newly employed and able to work despite house arrest. (BBG)