Meta's raise grew to $37.5 billion, Nvidia took $3 billion of it. Here's the tell. TUESDAY MARKET UPDATE Good morning. Index figures below are futures — I'm writing before the open. The Fed starts its two-day meeting today. * 🟩 | Meta's raise got
Meta wants $95 billion, SpaceX borrowed $40 billion, Anthropic filed. Here's the tell. MONDAY MARKET UPDATE Good morning. Three of the biggest spenders in technology went looking for money this morning. All three at once. * 🟩 | Stocks liked it anyway. The S&P 500 rose 0.73% and
The index barely moved. Oracle lost 6.4%, Meta gained 15%. Here's the tell. FRIDAY MARKET UPDATE Good morning. The index ends the week near where it started, which is the least interesting thing that happened. * ■ | The 10-year hit a 20-year high. It closed Thursday at
Every maturity above 5%. Gold down 8.2%. Mortgages at 7.12%. Here's the tell. THURSDAY MARKET UPDATE Good morning. I'm writing before the open, so the equity numbers are futures. One thing is already settled. * ■ | The bond rout broadened. The 10-year closed Wednesday at
The S&P closed flat. Schwab fell 6.7%. Meta rose 11.4%. Here's why. WEDNESDAY MARKET UPDATE Good morning. First note since Friday. The index barely moved in between; almost nothing else stayed still. * ■ | Meta had its best day since April. Up 11.4% Monday and
Dow lost 631 points Wednesday. Stocks are up 1.3% today. Oil did that... THURSDAY MARKET UPDATE The Fed raised rates yesterday and the market spent one day hating it, then changed its mind. * ■ | The Dow lost 631 points Wednesday. Its worst session of the month, on the first hike
Hike odds jumped past 70% on a number diesel built. Silver felt it first... THURSDAY MARKET UPDATE Wholesale inflation came in hot at 8:30. Then I read the breakdown, and it was the diesel bill I flagged on Tuesday. * ■ | Stocks are lower across the board. The S&P
Brent cleared $100. Software led the selloff. Your index fund hasn't noticed yet... THURSDAY MARKET UPDATE Oil crossed $100 overnight and the fear gauge went back to sleep. One of those is a mistake. * ■ | The Dow gave up 627 points. It closed Tuesday at 52,786, with software
Diesel at a record. Brent near $98. Gold didn't budge. That gap matters... TUESDAY MARKET UPDATE Almost everything on my screen is red. The exception is the part that hurts most. * ■ | Futures are heavy. S&P 500 futures sit at 7,710, down 0.16%, after Friday&
Gold $4,652, PCE 12:30pm, Nvidia after close, consumer confidence 89.4, Hormuz reopening hopes, Warsh Fri... WEDNESDAY MARKET UPDATE NVIDIA + PCE DAY Today decides the rest of the summer. PCE at 12:30pm. Nvidia after the close. Consumer confidence dropped to 89.4 yesterday — below expectations. The forward-
Gold $4,650 (3-month high), Bessent sanctions 60+ entities, Nvidia + PCE tomorrow, Warsh Friday... TUESDAY MARKET UPDATE Bessent dropped the hammer. Sixty-plus entities sanctioned. Five sectors targeted: digital assets, technology, gold, aviation and shipping. He called it “economic asphyxiation”. A major financial institution may be sanctioned by Friday.
Gold $4,713 futures, China stealth-buying, Bessent sanctions today, Nvidia Wed, PCE + Warsh Fri...