Take the ride of a lifetime with Commonwealth ๐
Winners of the 2023 Kentucky Derby ๐
โCommonwealthโ is a unique company that lets you invest in the career of racehorses.
Joining Commonwealth is about more than just sharing winnings โ it's about experiencing the thrill of trackside celebration live alongside other investors while enjoying gourmet cuisine & fine wines.
Ownership perks
Stay connected to the action โ exclusive updates & content
Get invites to racing related experiences: auction events, stable tours, and more
Opportunities to meet the horse, trainer, or jockey
Join in the winner's circle if your horse wins (when available)
Disclosure: This is not an offer or solicitation to invest. No funds will be accepted if sent in response. Investing in Reg CF offerings and racehorses involves significant risks, including the potential loss of your entire investment. The securities are not registered with the SEC or state authorities and are being offered under an exemption from registration. Please review all offering materials on โapp.joincommonwealth.comโ before investing in any offering.
๐ฐ Market Headlines
Markets plunged yesterday as recession fears grew and tariff uncertainty loomed, with the Nasdaq seeing its worst day since 2022.
The S&P 500 shed 2.7%, while the Nasdaq tumbled 4%, and the Dow dropped 2.08%.
The S&P 500 lost $4 trillion in market value from last monthโs peak.
Tesla plunged 15% for its worst day since 2020 as Elon Musk admitted running his businesses with “great difficulty” while leading a government agency.
UAW President Shawn Fain backed President Trumpโs tariffs, calling them key to fixing job losses despite previously criticizing him.
HSBC downgraded US stocks and turned bullish on Europe.
๐ฌ Alternative investing news
Marlboro owner Philip Morris International is considering a potential sale of its cigar business in the US as the company continues to shift towards its smoke-free products.
The tobacco maker is looking for over $1 billionย for its cigar unit.
The US cigar market as a whole has been gently burning down, with sales down ~23% in 2023 relative to the pandemic-high of 2021.
However, fine cigars can still make a great alternative asset.
Investing In Fine Cigars โ Alts.co
We explore the hazy market of investment-grade cigars. Similar to wine and whiskey, but it's tough to pick a winner.
This weekโs polls will focus on international investing.
Recent market dynamics, including heightened volatility in U.S. markets and geopolitical uncertainties, have prompted a shift from from US stocks to international equities.
This shift is also evident in fund flows. International-stock funds have started to outperform US-focused funds, reversing a longstanding trend.
Coinbase launched 24/7 Bitcoin and Ethereum futures for US customers.
SEC dropped rules forcing crypto exchanges to register.
Utah Senate passed a bill protecting crypto custody and mining.
OCC greenlit banks to offer crypto custody and stablecoin services.
๐ Global Perspectives
๐จ๐ฆ Mark Carney won the Liberal leadership race and will become Canadaโs next prime minister, vowing to counter President Trumpโs tariff threats.
๐ฉ๐ช A surprise strike at Hamburg Airport disrupted 40,000 passengers, with only 10 of 280 flights operating.
๐ฌ๐ง A US military-hired tanker caught fire after colliding with a container ship in the North Sea while carrying jet fuel.
๐ฎ๐ฑย ๐ต๐ธ UN relief agency warned Gazaโs crisis could worsen as Israel halted food and aid deliveries.
๐ค What you said last time
๐ง Miscellanea
Indian teen with “werewolf syndrome” set Guinness record with 201.72 hairs per square cm covering 95% of his face.
Scientists found the world's largest clone, a 310-mile stretch of bladderwrack seaweed in the Baltic Sea.
A quarter of people would accept partner intimacy with a sex robot, with Gen Z being the most open.
๐บ What to Watch Today
Hairiest Face – Guinness World Records
Thatโs all for today. Did I miss anything? Smash the reply button to let me know.