Future Proof: the sights and sounds from days 1 and 2
The Sandbox Daily (9.11.2023)
Welcome, Sandbox friends.
Today’s Daily is sharing the nine sights and sounds from days 1 and 2 at Future Proof in Huntington Beach, California. This place is incredible!
Let’s dig in.
Markets in review
EQUITIES: Nasdaq 100 +1.19% | S&P 500 +0.67% | Dow +0.25% | Russell 2000 +0.19%
FIXED INCOME: Barclays Agg Bond -0.11% | High Yield +0.17% | 2yr UST 4.995% | 10yr UST 4.298%
COMMODITIES: Brent Crude -0.27% to $90.61/barrel. Gold +0.22% to $1,944.8/oz.
BITCOIN: -2.57% to $25,167
US DOLLAR INDEX: -0.01% to 104.559
CBOE EQUITY PUT/CALL RATIO: 0.75
VIX: -3.89% to 13.84
Quote of the day
“Correlations are what define a healthy bull market. When correlations are low, volatility is low. Correlations are low because investors aren’t’ worried about the next foot to fall in a crisis. [And] volatility is down because when everything zigs and zags differently, market volatility declines and that only happens in bull markets. Period.
- Nick Colas, The Compound & Friends
Welcome to Future Proof:
Morgan Housel: “Operate at 70% so you can stay in the game for decades, versus 100% and burning out after a couple of years.”
Sandbox Financial Partners at Future Proof:
Brad Gerstner, Founder and CEO Altimeter Capital: talking Invest America - why an investment account for every child born will strengthen and unite America, drive financial literacy, and ensure that all citizens share in the amazing upside of America.
Beachside Bash Welcome Party:
Sunrise in Huntington Beach, California:
Animal Spirits live podcast:
Dan Ives, Senior Equity Research Analyst covering the Technology sector at Wedbush Securities:
“There’s always hype cycles in tech. Metaverse, crypto, and on and on. We believe AI is different.” Later, Dan added: “This is the start of a new bull run in tech.”
Hamilton Reiner, Head of U.S. Equity Derivatives at J.P. Morgan Asset Management and Lead Portfolio Manager for the $30 billion dollar fund, JPMorgan Equity Premium Income (JEPI):
That’s all for today.
Blake
Welcome to The Sandbox Daily, a daily curation of relevant research at the intersection of markets, economics, and lifestyle. We are committed to delivering high-quality and timely content to help investors make sense of capital markets.
Blake Millard is the Director of Investments at Sandbox Financial Partners, a Registered Investment Advisor. All opinions expressed here are solely his opinion and do not express or reflect the opinion of Sandbox Financial Partners. This Substack channel is for informational purposes only and should not be construed as investment advice. The information and opinions provided within should not be taken as specific advice on the merits of any investment decision by the reader. Investors should conduct their own due diligence regarding the prospects of any security discussed herein based on such investors’ own review of publicly available information. Clients of Sandbox Financial Partners may maintain positions in the markets, indexes, corporations, and/or securities discussed within The Sandbox Daily. Any projections, market outlooks, or estimates stated here are forward looking statements and are inherently unreliable; they are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.
Love it, Blake