What’s In This Email

• S&P 500 Soars to record heights

• The top business credit cards in 2024

• Climate activists, saving the world one soup can at a time

• Yonge-Dundas Square is being renamed. Priorities!

• Notable Spotlight: Bar Prequel

• Notable Plug 🔌

✍️ TAKE NOTE

S&P 500 Soars to Record Highs Amid AI Optimism

🚀 The S&P 500's Remarkable Climb: The S&P 500 index, a benchmark that tracks 500 of the largest publicly traded American companies, has reached a historic milestone, hitting its highest price ever on Friday, January 19th. This achievement marks a significant recovery from a challenging two-year period characterized by the sharpest rise in interest rates in over four decades.

🔑 Key Facts:

• The S&P 500 peaked at 4,842 on Friday afternoon, surpassing the previous all-time high of 4,818 set in January 2022.

• Big tech stocks, including Meta and Nvidia, led the charge with gains of over 2%, echoing their role in pulling the S&P out of its 2022 slump.

• The Dow Jones Industrial Average is also close to its record high, while the Nasdaq remains about 6% below its 2021 peak.

📈 Behind the Surge:

• The S&P 500 has surged approximately 38% since October 2022, defying predictions about the impact of tighter monetary policy and potential recession.

• Despite interest rates rising from nearly zero to above 5% in the past two years, stock prices have rallied, largely due to optimism about future earnings in AI-driven companies.

• Last week, the S&P crossed the 4,800 mark for the first time in over two years but didn't maintain this gain for a record close until Friday.

🤔 A Mixed Picture:

• Despite the overall index's success, only 45% of the S&P-listed stocks have shown positive returns since the index's previous peak in January 2022.

• This disparity highlights concerns about the breadth of the stock market rally, as many companies, especially those not directly benefiting from AI, haven't matched the significant gains of tech giants like Nvidia.

📊 Implications for Investors:

• The S&P 500's record high is a beacon of optimism for investors, particularly in the tech and AI sectors.

• However, the mixed performance across different stocks suggests a cautious approach, considering the varying impacts of economic changes and sector-specific developments.

🌐 Looking Ahead:

• The focus on AI and tech advancements will likely continue influencing market trends.

• Investors may need to balance their portfolios, considering high-performing tech stocks and other sectors offering stability and potential growth.
  
  Read the complete checklist.

Maximize Your Business Spending: Top Business Credit Cards in Canada for January 2024

🚀 Elevate Your Business with the Right Credit Card: Business credit cards are not just a means of managing expenses but a strategic tool for growth. From cash-back rewards to travel perks, these cards offer a range of benefits, making them a must-have for entrepreneurs, partnerships, and corporations. Let's dive into Canada's best business credit cards to help you maximize your margins.

🏆 Top Picks for Business Credit Cards in Canada:

1. CIBC Aeroplan Visa Business Plus Card: Ideal for travel enthusiasts with a generous welcome bonus and travel perks.

2. TD® Aeroplan® Visa Business Card*: Great for maximizing rewards on everyday business expenses.

3. CIBC Aventura Visa Card for Business Plus: Perfect for those benefiting from bonus categories like fuel and transportation.

4. CIBC Aeroplan Visa Business Card: Suited for businesses with shipping, travel, and dining expenses.

5. Scotia Momentum for Business Visa Card: Excellent for earning cash back on fuel, dining, and office supplies.

6. Business Platinum Card® from American Express: A premium choice for frequent business travellers.

7. Scotiabank Passport Visa Infinite Business Card: Eliminates foreign transaction fees, ideal for international payments.

8. American Express Aeroplan Business Reserve Card: A top-tier option for heavy travellers seeking premium features.

🤓 Why Get a Business Credit Card?: Separate personal and business expenses, enjoy robust fraud protection, and track expenses effortlessly. Plus, build your business's credit history and enjoy higher credit limits and rewards compared to personal cards.

🔑 How to Choose the Right Card: Consider eligibility, annual fees, interest rates, credit limits, rewards, and expense tracking tools. Apply based on your business type and financial status.

💡 Pros and Cons: While business credit cards offer separation of expenses, better rewards, and credit-building opportunities, they also come with risks like unchecked spending and potential debt.

🌟 Maximizing Benefits: Reinvest rewards, leverage multiple users for more points, and utilize insurance and shopping portals for extra perks.

💼 Empower Your Business: With the right business credit card, you can manage your expenses more efficiently and leverage rewards and benefits to fuel your business growth. Choose wisely and watch your business soar! 🚀🌟

Read the full article here.

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🔌  NOTABLE PLUG

🎙️ Get Into It: Maybe you’ve laid awake and imagined how it could have been, how it might yet be, but the moment to act was never right. Well, the moment is here, and the podcast making it happen is Heavyweight. Join Jonathan Goldstein for road trips, thorny reunions, and difficult conversations as he backpedals his way into the past like a therapist with a time machine. Listen on Apple or Spotify.

📄 Notable Hires: Project Manager @ Skip The Dishes (hybrid, Toronto)

🎓 Hope This Helps: UXsniff. Experience a game-changing approach to user experience insights with UXsniff, an AI-powered tool that autonomously analyzes session recordings and identifies abnormal click patterns. Let UXsniff be your virtual UX analyst, transforming your UX analysis process.

🧠 Today We Learned: that besides humans, the only mammal known to have a sense of rhythm is the Indri lemur of Madagascar.

Happy Monday!!

Beyond Notable Daily
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Notable Life is Canada’s hub for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 40,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.