TLDR

MARKET RECAP → The S&P 500 (VOO) reached another fresh record high on Tuesday as it shook off a soft consumer confidence index reading.

NO JAIL TIME FOR ELLISON? → ⚖️ Caroline Ellison might dodge jail for her role in the FTX collapse, thanks to her cooperation in nailing Sam Bankman-Fried—a reminder that snitches sometimes get riches, or at least freedom.

LEVI'S TEASES BEYONCÉ COLLABORATION → 👖 Levi’s is teaming up with Beyoncé for a new denim collaboration, tapping into the rising denim trend and her star power to appeal to younger, fashion-forward consumers.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

No Jail Time for Ellison?

⚖️ Caroline Ellison, former CEO of Alameda Research, could avoid jail time for her role in the FTX collapse. Legal experts suggested that her cooperation in the case against Sam Bankman-Fried played a significant role in this potential outcome.

🏛️ Ellison’s testimony was pivotal in unraveling the complexities of FTX's downfall, providing prosecutors with crucial information. Her insider knowledge was seen as a key factor in building a strong case against the company’s top executives.

💼 While the public reaction was mixed, experts noted that her plea deal underscored the importance of cooperating with investigations, even in high-profile financial scandals.

TODAY’S TOP NEWS

Levi’s Teases Beyoncé Collaboration

👖 Levi’s announced an upcoming collaboration with Beyoncé, as the brand aims to capitalize on the current denim trend and strengthen its cultural relevance.

🌟 The collaboration comes as denim enjoys renewed popularity in fashion, positioning Levi’s to benefit from both the trend and Beyoncé's star power.

🎤 This partnership marks Levi's continued push to blend celebrity influence with its iconic brand, appealing to younger consumers and keeping the brand fresh in a competitive market.

BULL VS. BEAR

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• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

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• Vimcal — Lightning-fast calendar and AI scheduling assistant

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