📈 Stocks / Finance

Apple hits record high on iPhone 17 sales surge

CNBC

Apple stock jumped nearly 4% to $262.24 after iPhone 17 sales outpaced the iPhone 16 by 14% in the U.S. and China. Loop Capital upgraded Apple to Buy, raising its price target to $315 on strong demand and upside potential through 2027.

Cleveland-Cliffs surges 20% on rare earths push and narrowed loss

Investopedia

Cleveland-Cliffs stock jumped 20% after it announced plans to enter rare earths mining and reported a smaller-than-expected Q3 loss. Two U.S. mines showed promise for critical materials, aligning with U.S. efforts to reduce dependence on China. Revenue rose 3.6% to $4.73B.

Wall Street nears record highs ahead of earnings wave

AP News

U.S. stocks rose Monday as the S&P 500 approached its all-time high, driven by gains in banks and anticipation of major earnings reports. Zions Bancorp rebounded 1% despite $50M in loan charge-offs. Lower Treasury yields continued to support equity valuations.

🪙 Crypto

Flash crash exposes crypto–stock market disconnect

Forbes

Crypto's $450B wipeout on Oct 10 revealed structural flaws: high leverage, thin liquidity, and captive exchange models. Bitcoin diverged sharply from Nasdaq, underlining crypto’s volatility and lack of institutional-grade safeguards compared to equity markets.

🌎 Global Economy

ECB’s Lagarde warns tariffs will pressure corporate margins

Politico

ECB President Christine Lagarde said global markets have yet to feel the full impact of U.S. tariffs, warning that prolonged margin squeezes on importers/exporters could soon hit consumers. She called the trade tensions and AI disruption key forces reshaping global economic dynamics.

Where to Invest $100,000 According to Experts

Investors face a dilemma. Headlines everywhere say tariffs and AI hype are distorting public markets.

Now, the S&P is trading at over 30x earnings—a level historically linked to crashes.

And the Fed is lowering rates, potentially adding fuel to the fire.

Bloomberg asked where experts would personally invest $100,000 for their September edition. One surprising answer? Art.

It’s what billionaires like Bezos, Gates, and the Rockefellers have used to diversify for decades.

Why?

• Contemporary art prices have appreciated 11.2% annually on average

• …And with one of the lowest correlations to stocks of any major asset class (Masterworks data, 1995-2024).

• Ultra-high net worth collectors (>$50M) allocated 25% of their portfolios to art on average. (UBS, 2024)

Thanks to the world’s premiere art investing platform, now anyone can access works by legends like Banksy, Basquiat, and Picasso—without needing millions. Want in? Shares in new offerings can sell quickly but…

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_{*Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.}