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The new Apple Iphones announced today, notice anything different in them ?

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Market Headlines 👀 

• US Speaker of the House McCarthy launches impeachment inquiry on President Joe Biden.

• Apple (AAPL) announces new Iphone 15 lineup and new apple watches today at their annual event.

• Qualcomm (QCOMM) Apple announces it will renew its chip deal with Qualcomm for the next three years as in house chips aren’t ready yet.

• Taiwan Semiconductors (TSMC) worlds largest chipmaker says it will invest up to $100m in Arm’s upcoming IPO; Softbank’s chipmaker.

• Alphabet (GOOGL) antitrust trial begins, as its being investigated over illegally protecting its search monopoly.

• Amazon (AMZN) announces ‘Supply chain by Amazon’ which will offer sellers end to end supply chain management across all sales channels.

• British Petroleum (BP) CEO Bernard Looney resigns from his role.

• UBS announces they will cut several wealth management jobs in Asia.

  S&P 500 Heat Map

A Note From Masterworks

Billionaires wanted it, but 54,578 everyday investors got it first… and profited

When incredibly valuable assets come up for sale, it's typically the wealthiest that end up taking home an amazing investment. But not always…

One platform is taking on the billionaires at their own game, buying up and securitizing some of history’s most prized blue-chip artworks for its investors. In just the last few years, its investors have realized annualized net returns of 17.8%, 21.5%, 35% and more from these opportunities.

It's called Masterworks. Their nearly $1 billion collection includes works by greats like Banksy, Picasso, and Basquiat, all of which are collectively owned by everyday investors. When Masterworks sells a painting – like the 16 it's already sold – investors reap their portion of the net proceeds.

It's easy to get started but offerings can sell out in minutes.

Got your attention yet? Readers can skip the waitlist with this exclusive link.

_{See important disclosures at masterworks.com/cd}

Recap Around the Street 🧠

CPI street estimates for tomorrow.

Consensus largely agrees on the contribution from higher energy costs to the m/m headline. Even greater consensus around core with whispers that core will come in softer as the lagged effects from the shelter components should start to reflect slower rental costs. (Contributed by Benjamin Lavine, CIO at 3D/L Capital).

Market Preview 🎞️

• Wednesday, September 13th: Consumer Price index (CPI); MBA mortgage applications; Federal budget statement

• Thursday, September 14th: Price producer index (PPI); Retail sales; weekly jobless claims;

• Friday, September 15th: University of Michigan sentiment; Empire manufacturing; Quad witching;

• US central bank speakers in blackout period ahead of next weeks FOMC meeting.

That’s all for today, folks! We’ll be back around the same time tomorrow with a curated list of important news, economic data and market highlights. 

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