🪄 Magic words for markets
Hey Snackers,
Amazon founder Jeff Bezos has been (reportedly) secretly funding an electric vehicle company called Slate Auto, meaning he’s now even more like Tesla’s Elon Musk. In true comic book fashion, Bezos and Musk also have matching space companies: Blue Origin and SpaceX, respectively. Keep track of how Bezos, Musk, and Meta CEO Mark Zuckerberg are stacking up with our billionaire boy punch card.
US stocks booked their largest gains since 2008 as President Trump dialed down tariffs, kicking off a face-ripping rally on Wall Street, where a record of more than 30 billion shares changed hands across all US exchanges.
The S&P 500 rose 9.5%, the Nasdaq 100 gained 12%, and the Russell 2000 marched 8.7% higher. It was the best day for the benchmark US stock index since October 28, 2008, and the largest gain for the tech-heavy gauge since October 13, 2008. More on one of the wildest days on Wall Street below.Â
Markets rejoice as most tariffs are delayed
Abracadabra. Hocus pocus. Alakazam. These are the classic examples of magic words, phrases so subsumed with arcane energy that their simple utterance is said to drastically change our mortal realm. They, however, appear altogether trivial in light of a new set of magical words — specifically, “I have authorized a 90 day PAUSE,” a seven-word incantation posted by Trump that made $3.6 trillion in market value reappear in the S&P 500 in mere hours. Magic!
Now, does this come after a different set of magic words delivered last week made all that money and more disappear in the first place? Sure.Â
But whether or not you believe in magic, the words had real power. The instant reaction:
Retail stocks staged a huge rebound on the tariff pause announcement.
Shares of the big four US airlines all surged by double digits.Â
All sorts of companies made back everything they’d lost over the course of the afternoon.
Gaming shares hit the top of the flagpole as the pause released some console steam.
Bitcoin rose just as much as the S&P 500, and Strategy more than doubled that rise.
So, all good? Not really! As Wedbush analyst Dan Ives put it, the tariffs have “been an epic debacle over the last week in the Beltway and real damage has already been done to the economy.”
The Takeaway
Sure, after a few days of panic selling, it can be fun to treat yourself to some panic buying. But some of the reaction here doesn’t exactly add up. Why, for instance, did a basket of US stocks with the biggest sales exposure to China have its second-best session on record the very same day China slapped the US with 84% tariffs and the US re-upped to 125% tariffs on China? (You have to see this chart to see how crazy the day was.)
That’s one reason to be, despite Trump’s magic words, bibbidi-bobbidi-bearish.
Great Companies Grow Quietly… Until They Don’t
Last year, VC-backed IPOs outperformed public markets by over 2.5X..1 Though formerly reserved for the ultra-wealthy, private investing is now open to everyday Americans — and Mode Mobile’s private offering is a leading example.
With $35M+ invested by over 41,000 investors across all offerings, Mode continues to gain momentum despite market headwinds. Here’s why:
VC-backed with 32,481% revenue growth from 2019-2022
Nationwide distribution in Walmart and Best Buy
Nasdaq ticker $MODE reserved ahead of potential IPO2
Just ask their 45M+ users that have earned over $325M from their services.3
Great ideas thrive even in tough conditions, and a market expert has called their EarnPhone “one of the BIGGEST disruptors in the cellphone vertical in at least 15 years.”4
Invest5 in Mode at $0.26/share6 before their share price changes.
The Best Thing We Read Today
While wealthy collectors buy fewer masterpieces, affordable art is having a renaissance
During interesting times such as the ones we’re all living in, many investors look for alternatives to the stock market for how to invest their money. While most high-end art is out of us mere mortals’ price range, something interesting is afoot in the $5,000 and under market.
Off The Charts
Apple Update Could Spark Hidden Earning Opportunity
Apple's recent update supports T-Mobile’s Starlink satellite coverage, but it’s Mode Mobile that’s gearing up for global expansion.
Their EarnPhone already reaches 45M+ users — and that’s before global satellite coverage. With "dead zones" being eliminated worldwide by SpaceX, Mode is one step closer to pioneering "Privatized Universal Basic Income" powered by smartphones.
What Else We're Snackin'
Airlines in general had a great day, but one American flight didn’t after a passenger who was mad about his meal forced the plane to turn around
Some good auto news: Volkswagen deliveries ticked up despite one region falling
King Charles III and Queen Camilla just celebrated 20 years of marriage, though they’ve known each other much, much longerÂ
A college baseball team finally broke a 99-game losing streak... by beating a team with a 42-game losing streak
“More investors are looking to get in at the pre-IPO stage, as that’s when most of the wealth creation happens.” - Ben Meng, Fund Manager at Franklin Templeton.7 Invest in Mode Mobile’s Pre-IPO offering before the 5/1 share price change.5
Snack Fact Of The Day
A record 4.8% of Vanguard’s 401(k) account holders made hardship withdrawals last year.
Thursday's Events
March Consumer Price Index
Earnings expected from CarMax
1 The return of the VC Backed IPO Index was compared to the return of the S&P 500 Index for the period of January 1, 2024 to December 31, 2024. You cannot invest in an index. Â
2 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. Any IPO timing is unknown and general steps to be accepted for an IPO have not been undertaken at this point. An intent to IPO is no guarantee that an actual IPO will occur.Â
3 Services include both EarnApp and EarnPhone.
4 See video for further details.
5 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Past performance is no guarantee of future results. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.
6 The minimum investment is $999.96.
7 Pre and Post: IPO Returns Analysis Study Finding, 2022: Investing in the pre-IPO rounds of technology companies as opposed to investing at the IPO generates superior returns. See the study for further details.