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Stocks Live to See Another Day
PE payouts are plummeting, hedge funds are ditching US stocks, investors are ploughing into US farmland, China is scrutinizing quant funds, Japanese stocks hit an all-time high, Apple released a free new sports app, and Nvidia delivered on its earnings hype.
Nvidia Earnings On Deck
Markets are preparing for Nvidia’s blockbuster earnings today, Amazon is joining the Dow Jones index, Musk’s Neuralink seems to be working, the Conference Board abandoned a US recession forecast, US asset managers are readying for a China recovery, and FuboTV is suing US media giants over competition concerns.
OpenAI Changed the Game (Again)
OpenAI launched an AI video creation tool, Silicon Valley Bank is on a hiring spree, Ford’s CEO told Wall Street to forget Tesla, Japan is no longer the world’s third largest economy, the UK is in a recession, Meta encouraged advertisers to ditch the iPhone, and Google opened a Paris research hub.
Burry Likes Big Tech
Lyft’s CEO took the L for their earnings typo, mortgage rates are surging again, Berkshire is trimming its Apple stake, Japan’s economy shrank in Q1 2023, Morgan Stanley is laying off hundreds in their wealth management division, and Burry bought Amazon and Alphabet.
Lyft Earnings Plz Fix
Lyft’s IR misshap briefly sent their stock flying 60%, US inflation came in hot, the Super Bowl smashed the US viewership record, the IRS sued the FDIC, flight attendants want higher wages, Paramount and Instacart are cutting jobs, and the Senate passed an Israel/Ukraine aid package.
Nvidia Just Keeps Rolling
Nvidia is worth more than Amazon, Temu spent millions on their Super Bowl ads, disinflation is kicking in, X wants to lure more creators to the platform with different ad payouts, Arm’s stock rally keeps going, and Franklin Templeton filed a spot ethereum ETF.
Tucker's Russia Trip
Goldamn is facing a CFTC probe, Tucker Carlson interviewed Putin in Moscow, Einhorn said markets are ‘fundamentally broken,’ top US venture firms funded blacklisted Chinese companies, Sam Altman wants trillions to reshape the chip industry, and Google rebranded Bard AI to Gemini.
Disney Bets on Fortnite
Investors have a strong appetite for 10-year treasuries, Citadel got Morgan Stanley’s block-trading leaks, the BOJ ruled out rapid rate hikes, the biotech IPO window is opening, DoorDash is expanding overseas, Soho House stock tumbled on a shortseller report, and Disney invested in Epic Games.
Adam Neumann's Second Act & Litquidity's Unveiling
Litquidity's identity has been revealed, Adam Neumann wants to rebuy WeWork, Snap’s stock tanked after earnings (again), tech layoffs keep coming, the SEC is increasing oversight of hedge funds, NYCB’s credit grade got cut to junk by Moody’s, and Tucker Carlson is interviewing Putin.