Insider Today: Market momentum, and Gen Z money makers

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Welcome back! Starbucks’ limited-edition red, stainless steel “quencher” has the type of valuation surge most startups would die for. The 40-ounce tumbler, made with Stanley and retailing for $49.95, is being resold for as much as $300 online.??

Here’s what to know today:?

Markets:

Before the opening bell: US stock futures rise early Monday, after jumping Friday as a Goldilocks jobs report took pressure off of interest rates.

• What last week’s “baby rally” means for the market going forward. Fundstrat’s Thomas (Tom) Lee sees fundamental and technical reasons for the market to keep the momentum going. A strong earnings season and Wall Street’s fear gauge plummeting are all good signs.??

Tech:

• Good kid, ‘dumb’ phone. Rapper Kendrick Lamar’s creative agency’s new, no-frills phone has already sold out. Light Phone 2, which is priced at $299, offers a minimalistic experience without apps or color. ?

Business:

• Gen Z is all about that money. Having watched older generations struggle with personal finances, Gen Zers are proving to be financially savvy. According to one survey, most Gen Zers are already saving for retirement.?

Written by Dan DeFrancesco.

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