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| | Iโm coming at ya from Jalisco, Mexico this week, so your S&I issues may be with you slightly later than usual. |
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๐ฐ Market Headlines |
| *past 24-hour performance |
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U.S. Markets were closed yesterday for Presidents Day. Equity futures were stable as investors balanced strong economic data against inflation fears and the week ahead. All three major indices snapped five-week winning streaks last week. The week is stacked with big earnings reports, spearheaded by Nvidia on Wednesday. Capitol One acquired Discover for $35.3 billion. The merger is expected to close by 2025 with Discover remaining a distinct brand. Oil prices held firm, near their three-week high buoyed by Middle East tensions and China's rebounding demand. Putin critic Alexei Navalny died in an Arctic prison last Friday. His wife believes he was poisoned and has vowed to carry on his mission. Elon suspended her Twitter account. Emboldened, Russia has detained a dual Russian-American citizen for treason. What the future of the Russian opposition looks like. |
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๐ถ๏ธ Market Vibes |
๐ฐ Market Forecasts and Futures |
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๐ฑ Fear and Greed Index |
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๐ง What do you think? |
One analyst at Citi thinks gold could hit $3k by 2025. |
By the end of 2025 |
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๐ค What you said last time |
Our faith in GPUโs is strong, but so is Nvidiaโs current valuation. | |
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๐ Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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The Nintendo Switch is dying a slow death, and itโs going to get worse (see below). |
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๐ Stocks |
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Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathawayโs portfolio with just a few clicks. |
Winners and losers |
Earnings, upgrades, and acquisitions |
No significant earnings were announced last Friday, and yesterday was a market holiday, but this week is filled with important earnings. Nvidia could bring significant volatility with its earnings report after the close on Wednesday. Home Depot issued a double beat but lowered guidance. Shares down slightly. Walmart also beat both top and bottom lines and announced its going to acquire Vizio. Shares up 3%. |
Market movers |
Microsoft poured $2.1 billion into AI infrastructure in Spain. Nintendo is now unlikely to release a new version of its Switch console in 2024. Prediction market Kalshi hasnโt caught up to the news, though, if you want some free money. [DISCLOSURE: IโVE TAKEN A POSITION] The EU opened a formal investigation into TikTok over child safety. The U.S. boosted GlobalFoundries with $3.1 billion for domestic chip production. The Biden Administration is in talks to award a $10 billion contract to chipmaker Intel. American Airlines has implemented a number of cost-saving but customer-infuriating policies. Google cut thousands of staff across its hardware divisions. Nike slashed 1,500 jobs. |
Ideas, trends, and analysis |
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๐ Global Perspectives | ๐บ๐ฆ Ukraine withdrew from Avdiivka, after a decade of fighting. ๐จ๐ณ China slashed rates 25bps to try to boost the markets. It didnโt work. ๐ท๐บ๐ฎ๐ณ Russia sold $37 billion in oil to India last year. ๐ณ๐ฌ The Nigerian naira hit an all-time low. ๐ฎ๐ฑ War in Gaza led to a 19.4% drop in Israel's Q4 economy. ๐บ๐ธ The US proposed a UN resolution for a temporary Gaza ceasefire. ๐จ๐ณ๐ญ๐บ China offered Hungary support in "security matters". |
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๐ Crypto | | Crypto continues to rip A record $2.4 billion flowed into Bitcoin ETFs last week. Ether is well structured for stability and growth, especially if an ETF is approved. |
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๐ง Errata | Rust is ruining the vibe for Cybertruck owners. A high school in Massachusetts is so unruly that officials are calling in the National Guard for backup. |
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๐บ What to Watch Today |
| How Mexico is Becoming the New China |
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Thatโs all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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