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📈 Dominance
Nvidia extends dominance unveiling successor to its all-conquering processor, Apple and Google in talks to let Gemini power iPhone, Fed likely to preach patience tomorrow, Audi reveals first next-generation EV, and Elon Musk suggests his ketamine use is good for investors...
Good morning.
The Fast Five → Nvidia extends dominance unveiling successor to its all-conquering processor, Apple and Google in talks to let Gemini power iPhone, Fed likely to preach patience tomorrow, Audi reveals first next-generation EV, and Elon Musk suggests his ketamine use is good for investors…
Calendar:
WED 3/20: Fed interest-rate decision, 2:00pm ET
Fed Chair Powell press conference, 2:30pm ET
THU 3/21: Jobless claims, 8:30am ET
Your 5-minute briefing for Tuesday, March 19:
BEFORE THE OPEN
As of market close 3/18/2024.
PRE-MARKET
 |  |
MARKETS
All three major US indexes rose yesterday as investors prepared for an important week in global monetary policy updates
The S&P snapped a three-day losing streak
24 S&P stocks hit new all-time highs
US 2Y and 5Y yields climbed to the highest levels since December
Oil prices climbed ~2% to a four-month high
Swaps traders are pricing in a < 50% chance of a June rate cut
EARNINGS
What we're watching this week:
Wednesday: Micron, General Mills, Chewy
Thursday: FedEx, Nike, Lululemon, Accenture
Full calendar here
NEWS BRIEFING
Nvidia on Monday announced a new generation of artificial intelligence chips and software for running AI models. The new AI graphics processors are named Blackwell and are expected to ship later this year.
Companies considering AI deal that would build on search pact. Apple also recently held discussions with OpenAI about deal.
Fed likely to preach patience as consumers and markets look ahead to rate cuts (link)
US lawmakers reach deal to keep government open through Sept. 30 (link)
Treasury ETF hit by record losing streak, $2B of outflows (link)
Commodity traders are sitting on $120B in cash after years of record profits (link)
Hedge funds buy largest bulk of bank stocks in a year (link)
Super Micro Computer joined the S&P 500 (link)
Apple is in talks to let Google Gemini power iPhone AI features (link)
Musk defends his ketamine use as beneficial for investors (link)
Berkshire Hathaway speeds up stock buybacks (link)
Audi reveals new all-electric Q6 e-tron SUV, its first next-generation EV (link)
Goldman veteran Stephanie Cohen resigned in latest senior exit (link)
Evergrande was accused of falsifying revenue by $78B (link)
College graduates enter cooling job market (link)
CRYPTO
BULLISH BITES
🤖 Big Tech: Silicon Valley's next great fraud trial begins.
🎬 Next level: YouTuber MrBeast teams up with Amazon’s MGM Studios for ‘biggest reality competition series ever’.
🏚 Perfect timing: When to sell your home — this time last year, listings sold for $7,700 more.
👊 Not so tough: ‘Very few have balls’: How American news lost its nerve.
DAILY SHARES
Private equity firms when their CFO misses EBITDA margin target by 0.01%
— Boring_Business (@BoringBiz_)
11:46 PM • Mar 16, 2024
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