By Matthew Gutierrez and Shawn O’Malley
✌️ More evidence that the economy looks A-OK: The pace of corporate bankruptcy filings is falling.
After 2023, when we saw the highest number of bankruptcies since 2010, S&P Global Market Intelligence recorded just 36 bankruptcy filings in January, mostly in capital-inventive industries.
— Matthew & Shawn
Here’s today’s rundown:
Today, we'll discuss the three biggest stories in markets:
Why Nasdaq criticism is growing
The hedge funds that changed the game
Intuitive Machines’ stock surges after moon landing
All this, and more, in just 5 minutes to read.
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POP QUIZ
Europe’s equivalent of the Magnificent 7 is known as the “GRANOLAS” with 11 leading European companies dominating its stock markets. What percentage of the STOXX 600 index’s market capitalization do the GRANOLAS comprise? (The answer is at the bottom of this newsletter!)
Chart of the Day
