CPI figures continue to be a concern.

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. The recent CPI (Consumer Price Index) data indicates that inflation continues to be a concern, with numbers exceeding expectations. A rising CPI suggests higher prices for consumers, affecting purchasing power. If the inflation rate rises too quickly, the Fed may decide to raise interest rates to curb excessive spending and borrowing, aiming to cool down an overheated economy. However, there's a delicate balance to maintain: raise rates too aggressively, and you risk stifling economic growth; raise them too slowly, and inflation can spiral out of control. The recent numbers, especially the significant contribution from the shelter sector and the highest mortgage rates since 2000, only intensify this balancing act for the Fed and its chair, Jerome Powell. The challenge lies in ensuring stability in both employment and prices.

2. The U.S. is taking stringent measures to prevent China from gaining access to cutting-edge semiconductor technology, which could potentially give it a military advantage. The Biden administration is set to enforce stricter regulations on the sale of advanced graphics chips, particularly those used in artificial intelligence applications, and sophisticated chip manufacturing equipment to Chinese firms. Furthermore, the U.S. will enhance inspections of Chinese companies attempting to circumvent these restrictions by rerouting their shipments via other countries. The clampdown will also see the inclusion of Chinese chip design companies on a trade restriction list, meaning overseas suppliers will need a U.S. permit before they can conduct business with these Chinese entities. This move reflects the escalating tech rivalry between the two superpowers and concerns over national security.

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4. Headlines

   1. Joe Biden is considering a visit to Israel.

   2. The FTC’s antitrust lawsuit against Amazon this month after attempting to reach a settlement.

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Yes, this platform’s 77% return is an outlier – but the rest may surprise you

The news is true: Masterworks’ 15th sale just weeks ago returned an impressive 77% to investors. While such a high return is an outlier for the blue-chip art investing platform, you might be wondering what their prior sales delivered. Glad you asked… 

Every one of their sales has returned a profit to investors, with 13 of them delivering double-digit returns, and 1 delivering triple-digit annualized returns. 

In full, Masterworks has over 300 paintings and their 16 exits have delivered: 32%, 39.3%, 36.2%, 27.3%, 9.2%, 33.1%, 21.5%, 17.8%, 13.9%, 35%, 10.4%, 325.5%, 4.1%, 17.6%, 13.4% and 77.3%, net annualized returns*. 

Every sale but one outperformed the stock market in the period from when it was offered to when it was sold. 

With performance like that, offerings on the platform can sell out in minutes. However, readers can skip the waitlist to join with this exclusive link. 

Performance of exited investments is not representative of artwork that has not yet sold and past performance is not indicative of future results. See important disclosures at masterworks.com/cd