🚀 Goldman Sachs predicts low S&P 500 returns

In partnership with

Who really owns your audience?

Being a Creator has never been easy, but unpredictable algorithms make connecting with your audience on social media harder than ever.

Enter beehiiv, the newsletter platform used to send this very email.

beehiiv frees you from the algorithms, giving you the tools to connect and create a more direct relationship with your followers.

Plus, with a network of premium advertisers and paid subscription options, you can tap into new revenue streams from day one.

Expand your brand with the most powerful newsletter platform on the planet. Start your 30-day free trial today.

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Disney plans to name a successor for CEO Bob Iger in early 2026, delaying the original target from 2025. Former Morgan Stanley CEO James Gorman will replace Nike Executive Chairman Mark Parker as Disney's chairman in January 2025 and will lead the succession planning. Four key Disney executives, including ESPN Chairman Jimmy Pitaro and Disney Experiences Chairman Josh D’Amaro, have been interviewed for the role. This move follows previous challenges in succession planning after the brief tenure of former CEO Bob Chapek.

2. Goldman Sachs strategists predict the S&P 500 will generate an annualized return of just 3% over the next decade, compared to 13% in the past ten years. They forecast a 72% chance of the index underperforming Treasury bonds and a 33% chance of lagging inflation by 2034. The shift is driven by investors looking for better returns in bonds. While this year's rally was concentrated in a few large tech stocks, returns are expected to broaden out in the future, potentially boosting the equal-weighted S&P 500.

3. Chick-fil-A will launch the Play app on November 18, featuring family-oriented content such as animated shows, podcasts, games, recipes, and e-books for children under 12 and their parents. This new venture aligns with the company’s strategy of enhancing customer engagement and encouraging more restaurant visits. With themes like creativity and generosity, the app builds on Chick-fil-A’s expansion into branded merchandise and entertainment, offering a "digital playground" to complement mealtime experiences, whether at home or in the car.

4. Headlines

   1. Microsoft is launching new autonomous AI agents next month to try and compete with startups and Salesforce who have been promoting the idea of AI agents replacing workers in specific tasks.

   2. Honeywell has signed a deal with Google, giving it access to Gemini’s AI.

   _{* This is sponsored content.}

Take control of spooky spending with BILL

Help keep your company safe from overspending, fraud, and the nightmare of manual expense reports with BILL's free expense management software + BILL Divvy Corporate Card.¹ Take a demo and we'll give you a pair of new Apple AirPods 4.²

Request a demo

_{¹Card issued by Cross River Bank, Member FDIC, and is not a deposit product..
²Terms and Conditions apply: See offer page for more details.}

Are you looking to grow your business? Here is how I can help: 

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

📺 Access FundraiseOS, the ultimate fundraising course with video lessons and practical worksheets helping with everything from deciding how much to raise to understanding a term sheet.

Onwards and Upwards,

Liam Gill

Seeking impartial news? Meet 1440.

Every day, 3.5 million readers turn to 1440 for their factual news. We sift through 100+ sources to bring you a complete summary of politics, global events, business, and culture, all in a brief 5-minute email. Enjoy an impartial news experience.

Join for free today!