The S&P fell under 5,000 on Friday, capping off a week spent on edge.

• The Nasdaq composite slid 2.05%, marking its sixth straight daily decline, the longest losing streak since October 2022.

Colossal week for anyone reading economic tea leaves:

• Tech Titans Meta, Alphabet, Microsoft, and Tesla announce earnings. We’ll see if they can help break last week’s slump.

• The Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) index, comes out Friday. Analysts expect it to remain steady at 0.3% from last month. Anything higher will send the market into a tailspin.

The House passed a $95 billion foreign aid package for Ukraine, Israel, and Taiwan, which now heads to the Senate for a vote.

• The bill included a TikTok “ban.”

Chicago Fed President Austan Goolsbee said the Fed's restrictive policy is "appropriate" given economic strength and persistent inflation. [Ed: He’s changed his tune from a couple of months ago\

Freddie Mac slashed its home price forecast for 2024 and 2025.

The US dollar rallied to a 5-month high as surprisingly robust economic data bolstered the case for the Fed to keep rates elevated.

The global space economy is projected to skyrocket to $1.8 trillion by 2035, a 9% annual growth rate outpacing global GDP.

🇮🇳 India's multi-week election kicked off with Prime Minister Narendra Modi widely expected to secure a third consecutive term in office.

🇮🇷 🇮🇱 Iran played down reported Israeli attacks and signaled no retaliation, a response gauged towards averting region-wide war.

🇵🇹 🇳🇦 Portuguese oil company Galp Energia said the Mopane field could contain at least 10 billion barrels of oil.

🇨🇳 Major rivers and reservoirs in China's Guangdong province are threatening to unleash dangerous floods.

Bitcoin's fourth halving slashed miner rewards to 3.125 BTC per block. Price volatility preceded the event, with BTC falling 4%.

Bitcoin miners are diversifying into AI and upgrading power centers to brace for the 50% revenue cut post-halving.

Hong Kong's Victory Securities disclosed fees ranging from 0.15% to 1% for its proposed Bitcoin and Ethereum ETFs.

In Sri Lanka, elephants killed 169 people in 2023, while humans killed 476 elephants—so it’s not like we don’t have it coming.

A Japanese astronaut will be the first non-American to walk on the moon.

The US military gave AI an F-16 and had it dogfight human pilots. What’s the worst that could happen?

ISS crew discovered a mysterious drug-resistant bacteria on board.