Red Rock Island is on the market

Hello and welcome to Alts Cafe

Highlights from the full issue:

  • Macro: Independence Day cookouts hit ​record high​ of $71.22
  • Real Estate: Red Rock Island is on the market for $25 million
  • Startups: Rapid7 acquired management startup Noetic Cyber
  • Private Credit: ESG funds raised $55 billion in 2024
  • Crypto: Jack Dorsey predicted Bitcoin will replace the dollar
  • NFTs: Yamakoshi’s NFT initiative has raised $423,000
  • Art: The world’s oldest artwork was discovered in Sulawesi
  • Vintage Autos: A 1970 Lamborghini may fetch $2.5 million
  • Coins: 800 Civil War-era gold coins were found in Kentucky
  • Farmland: Nebraska land value rose for the fifth year in a row
  • Luxury: Jewelry hit a record $1.6 trillion last year
  • Wine, Tequila, and Spirits: Napa Wine Train has gone green
  • Film & Music: Stockholm emerged as a hub for music tech
  • Precious Metals: China said rare earth metals are the states
  • Collectibles: Adults 18 and up now lead toy purchases
  • Websites: Crazy Domains added AI to its website builder

Let’s go.

Wyatt

Macro View

Bullish News

  • Global inflation dropped from 8.8% in 2022 to ​3.5% in 2023​, with growth in major economies exceeding expectations.
  • The EU and Egypt signed an MoU to disburse up to ​$1 billion​ in macro-financial assistance.
  • Federal Reserve Chair Jerome Powell said on Tuesday that inflation in the US is ​slowing again​.
  • Growth in India’s dominant services industry ​accelerated in June​, buoyed by strong demand and a record rise in exports.
  • Japan’s economy, previously marked by deflation and stagnation, has ​seen inflation rise​ above 2% since April 2022.
  • Equity models ​outperformed​ momentum models in rates and FX.

Bearish News

  • The cost of an Independence Day cookout hit a ​record high​ of $71.22 for 10 guests.
  • The June US jobs report shows a nonfarm payroll growth ​slowing​ to 1.4% annualized and unemployment rising to 4.1%.
  • Brazil’s real ​performed the worst​ among EM currencies, down 7% last month.
  • US manufacturing contracted for a ​third straight month​ in June as demand remained subdued.
  • US interest costs on the national debt will soon reach an ​all-time high​, projected to total $12.9 trillion over the next decade.
  • California’s gas tax increased to ​60 cents per gallon​ on July 1, 2024, making it the highest in the nation.
  • Deepfakes will soon be ​undetectable​ to the average person, leaving them more susceptible to deepfake scams.
  • Inflation in Russia has gone far above the ​4% target rate​, despite rapid GDP growth and low unemployment.

What are the odds?

Those ​jobs numbers​ are eye-melting.

Get $25 to play around with using this link.

What are we doing?

​ALTS 1​ Fund news

We begin taking new investments this week, and the Q2 report should be out soon.

Real Estate

Bullish News

Bearish News

How to invest in real estate right now:

Point taken: don’t build in NC.

Startups

Bullish News

Bearish News

How to invest in startups right now:

Are Upside Food’s layoffs really fresh or are these lab-made.

Private Equity and Private Credit

Bullish News

Bearish News

How to invest in PE and Private Credit right now:

Welcome to the family, Mackinac.

Crypto

Bullish News

Bearish News

  • Bitcoin was set for its ​biggest weekly fall​ in nearly a year, sliding as much as 8% to $53,523.
  • Crypto majors ​plunged​ as much as 20% in 24 hours as movements from a Mt. Gox-linked wallet triggered $580 million in liquidations.
  • Litecoin miner reserves have ​dropped to a multi-year low​ of 1.61 million LTC, the lowest since December 2011.
  • Stolen cryptocurrency hacks have more than ​doubled​ globally to $1.38 billion in the first half of 2024.

How to invest in Crypto right now:

Will classes in crypto be part of public education?

NFTs

Bullish News

Bearish News

How to invest in NFTs right now:

NFTs… for old people!

Artwork

Bullish News

Bearish News

How to invest in Artwork right now:

Might try my hand at acrylic painting.

Vintage Autos

Bullish News

Bearish News

  • The Better Business Bureau warned buyers about a ​classic car scam​ costing victims up to $30,000 in lost deposits.
  • Comedian Tony Knight was ​tragically killed​ when a large tree branch fell on him at the Rock’&’Cars Festival in France.

How to invest in Vintage Autos right now:

Googling how to properly flip cars.

Rare Coins

Bullish News

Bearish News

  • The FBI issued a warning of a ​collectible coin scam​ impacting over 100 victims in at least 30 states, causing $9 million in losses.
  • A Florida man was arrested for ​stealing $5,000​ from laundromat coin machines, facing grand theft and burglary charges.
  • Consumer advocates warn Canada is “sleepwalking” into a ​cashless society​, with cash transactions dropping from 54% in 2009 to 10% in 2021.

How to invest in Rare Coins right now:

$5,000 in quarters is actually pretty impressive.

Farmland

Bullish News

  • The University of Reading ​purchased​ a 635-acre farm for £16 million to support its Agrifood Futures Strategy.
  • Otsego Land Trust ​secured​ up to $2.1 million in state grants to protect 738 acres of agricultural land in New York.
  • New Jersey’s corporate tax surtax revival will send over ​$250 million to open space​, farmland, and historical preservation.
  • A joint study found permaculture ​significantly improves biodiversity​, soil quality, and carbon storage, with yields comparable to industrial agriculture.
  • Nebraska’s average agricultural land value ​increased by 5%​ to $4,015 per acre, marking five consecutive years of increases.

Bearish News

How to invest in Farmland right now:

Might need to start making my nuggets at home.

Luxury Goods

Bullish News

Bearish News

  • The personal luxury goods market ​declined 1-3%​ in Q1 2024 due to Chinese market pressure and Gen Z delaying luxury spending.
  • WSJ report on raids of luxury brands in Italy ​raised concerns​ about exploited workers, with Dior paying $57 to a supplier for a $2,780 handbag.
  • Gen Z luxury consumers ​value the shopping experience​ as much as the product, ranking expensiveness 13th in defining luxury.

How to invest in Luxury Goods right now:

Would love to be introduced to Dior’s supplier.

Wine, Tequila, and other Spirits

Bullish News

Bearish News

How to invest in Wine and Spirits right now:

I don’t care where it’s going, I want on that wine trian.

Music and Film

Bullish News

Bearish News

  • Cineworld announced it ​may close a quarter​ of its 100 UK cinemas after filing for Chapter 11 in the US.
  • Spotify’s audiobook bundle ​cut music royalties​ by $150 million, prompting a complaint to the US FTC.
  • Warner and Sony Music ​warned​ over 700 tech companies against using their music to train AI without permission.
  • Major record labels ​sued​ the makers of AI music apps Suno and Udio, seeking $150,000 per infringed track.
  • Cardi B, her label, and producers ​have been sued ​by two rappers for allegedly sampling their song ‘Greasy Frybread.’

How to invest in Music and Film right now:

Grab your headphones. It’s time to move to Stockholm.

Metals and Gems

Bullish News

  • The metal recycling market is projected to ​reach $767.9 billion​ by 2029, growing at 6.8% CAGR.
  • Wheaton Precious Metals Corp.​ shares rose 3.38%​ to C$74.36, outperforming the Canadian market.
  • Beacon Roofing Supply ​acquired​ two Florida metal roofing companies last week.
  • The Metals Innovation Initiative (MI2) ​partnered​ with Render Capital for a global search for pilot-ready innovations.

Bearish News

How to invest in Metals and Gems right now:

Twice in one day… that’s just insulting.

Collectibles

Bullish News

Bearish News

  • A historic 250-pound Schlitz beer sign from 1964 was ​stolen​ in Wisconsin, and its owners are pleading for its return.
  • Mike Bibby denied ​choking Fat Joe​ over rare sneakers, claiming he just had his hand on Joe’s throat.
  • Kanye West’s Yeezy website ​stopped accepting orders​ after cutting prices to $20 due to financial and legal issues.
  • Nike ​shares fell 19.98%​, the biggest one-day drop in its history, due to a sales decline.

How to invest in Collectibles right now:

If you want to be a Wisconsin thief, you better hit the gym first.

Websites and Domains

Bullish News

Bearish News

How to invest in Websites and Domains right now:

As if it couldn’t get any crazier.

That’s all for this week

Cheers,

Wyatt

Disclosures

  • We hold BTC, ETH, and a couple Star Wars Action figures in our ​ALTS 1 Fund​.
  • There are a couple of affiliate links above. If you click them, we may get a couple of bucks.

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Author

Picture of Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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