HAPPY SATURDAY TO THE STREET

And welcome back to Street Tweets from The Street Sheet!

The average new car costs more than $50,000. The average monthly payment tops $770.

So naturally, a Jeff Bezos-backed startup decided the answer was a truck with… crank windows?

The firm Slate's electric pickup launched as a blank slate: no screen, speakers, or frills. Pricing starts in the mid-$20,000 range.

Slate's bet is that buyers still want automobiles, not just iPads on wheels. It’s a bold strategy, Cotton. Let’s see if it pays off.

— Brooks & Cas

MARKET REVIEW & PREVIEW

The US economy added 178,000 jobs in March, more than quadruple the 43,000 analysts expected, pushing the three-month average to 68,000 per month. The job market looks a lot stronger, and the Federal Reserve’s case for rate cuts looks a lot harder. But markets saw the bright side, with the S&P 500 finishing the week up 3.44%, the Nasdaq gaining 4.44%, and optimism for an end to the Iran war rising.

But the calendar gets spicy next Thursday, when personal income, second-revision GDP, and the delayed PCE all land in the same session. Then Friday brings CPI, with analysts expecting 2.7% year-over-year. Two inflation reports in the same week? If anything can change the Fed calculus in a hurry, it’s that.

Presented by Street Sheet Research

Stagflation is a word most investors know but haven't had to act on — until now.

Surging energy prices and a jobs market at its weakest point in two decades are creating exactly the conditions that made the 1970s brutal for traditional portfolios.

One asset returned more than 1,500% during that decade. This week's Research report covers what the structural supply deficit, the monetary angle, and the inflation tailwind mean for one specific position.

Backed by a 90-day money-back guarantee.

This multiple left Earth.

At a $2T valuation, SpaceX would trade at about 500x forward earnings and 125x EV/EBITDA.

For context, Nvidia, the most hyped company of the past two years, peaked around 60x in the current bull cycle.

We’d laugh, but then again… have you seen Starlink?

AI took the internet trolls’ jobs too.

And it seems to be pushing some participants off of open social media platforms and into paywalled or invite-only spaces.

The discourse is being gentrified.

OpenAI wasted no time putting its $122B raise to good use.

The ChatGPT-maker acquired The Business Podcast Network, whose staff will assist with marketing and communications while keeping editorial independence.

"Editorial independence" being a concept we're sure will survive contact with a $300B AI company with a lot of narratives to manage…

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A Wall Street analyst ranked #28 out of 5,235 — top 1% — initiated coverage of an unsung tech name this week with a price target implying nearly 55% upside from current levels. Subscribe now for exclusive access to the ground floor.

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Inverse Cramer, but make it illiquid.

Jim Cramer has officially turned bullish on private credit, citing KKR's blowout $23B fund raise as evidence of a "disconnect" in how the asset class is covered.

The sector’s melting down, so it’s clearly the perfect time to pivot to bullishness. Makes you wonder if Cramer is steering into the skid.

On an unrelated note…

Did you miss last week’s premium report on the right way to play SpaceX, pre-IPO?

Come on. Subscribe to Street Sheet Research, y’all.

QUESTION

Roughly how many satellites does Starlink have in orbit?

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