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Monday Market Open
Dear Reader,
It’s the best time of the week again.
You know why? Because it’s a clean slate.
What does this mean? Whatever happened last week, good or bad, it doesn’t matter.
All you can do now is focus on how you’re gonna make this week fucking record breaking, whether that be the number of chicks you sleep with, the revenue you rake in or the number of beers you drink, it doesn’t matter.
All that matters is that you get after it and give it your best shot.
Stay humble…
Market Indices & Commodities
| Gold | $2,753.72 | -0.68% |
| Copper | $4.24 | -1.14% |
| Silver | $30.28 | -1.42% |
| NASDAQ | $19,400.07 | -2.78% |
| S&P 500 | $5,997.30 | -1.70% |
| TSX | $25,303.71 | -0.65% |
| CSE Comp | $135.46 | +0.00% |
News
The Recap
Here’s what went down the last few days…
Colombia blocks the return of illegal immigrants from the USA 🚫
CIA believes lab leak most likely caused Covid outbreak 🦠
Trump and UK leader Starmer speak on phone and ‘agree to meet soon’ 📞
Pete Hegseth controversially becomes new US defense secretary 🫡
Graph of the Day
Russia Dominates the Rest of the World When it Comes to Icebreakers
News
This week
It’s gonna be a massive week, with a bunch of mega cap earnings, the Fed’s rate decision, $198b of Treasury note auctions, GDP and more…
Monday - AT&T ($T) and SoFi ($SOFI) earnings. Nothing else interesting.
Tuesday - Boeing ($BA), General Motors ($GM), Lockheed Martin (LMT), Royal Caribbean Group ($RCL), JetBlue ($JBLU), Starbucks ($SBUX), SAP ($SAP) and Logitech ($LOGI) earnings. No relevant econ data.
Wednesday - ASML ($ASML), T-Mobile ($TMUS), Tesla ($TSLA), Meta ($META), Microsoft ($MSFT) and IBM ($IBM) report earnings. Bank of Canada Rate Decision and Fed Interest Rate Decision.
Thursday - UPS ($UPS), Mastercard ($MA), Caterpillar ($CAT), Apple ($APPL), Intel ($INTC) and Visa ($V) earnings. European Central Bank Rate Decision. US Q4 GDP Growth Rate also released.
Friday - ExxonMobil ($XOM) and Chevron ($CVX) earnings. Core PCE Price Index for December comes out too.
Now You Know
Why is Nvidia Stock Plummeting?
Nvidia ($NVDA), which has helped fucking catapult market wide gains in the last couple of years saw its share price fall through the floor by over 12% in early trading today. Microsoft ($MSFT) also fell about 4.5%. The tech-focused Nasdaq fell by over 3% in early trading this morning too. Alphabet, the company who owns Google and the AI chatbot Gemini saw shares drop 3% this morning, as did Amazon, which owns its own AI-run shopping assistant.
Why the fuck is this all happening?
Well, a Chinese AI chatbot called ‘DeepSeek’ which answers users questions just like ChatGPT has just overtaken ChatGPT on the App Store to become the most popular app on IOS right now.
Early testing suggests that DeepSeek’s quality could rival that of US-based AI products.
Up until now, US companies have had a firm grip over the AI market, but now this is all put into question. It is this fear of China’s potential rise to prominence in this market which has Nvidia investors shitting bricks.
The developers behind DeepSeek published a paper showing that their technology relies on far fewer specialized computer chips than its US competitors.
I reckon we’re about to see a space-race style race for market share in AI. Who’s gonna win?
Thank You
That’s all Folks
Hey, thank you for checking out Monday Market Open. I hope you enjoyed it, learned something new, and are feeling ready to attack the week. Keep an eye on your inbox for more Alpha coming your way this week.
Cheers,
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