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📈 Reality check
Market faces reality check when Fed updates rate forecasts, White House urges Senate to ‘move swiftly’ on TikTok bill, Putin wins what Russia claims was an "election", Reddit’s IPO as much as five times oversubscribed, and SpaceX is building a spy satellite network for US intelligence...
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The Fast Five → Market faces reality check when Fed updates rate forecasts, White House urges Senate to ‘move swiftly’ on TikTok bill, Putin wins what Russia claims was an "election", Reddit’s IPO as much as five times oversubscribed, and SpaceX is building a spy satellite network for US intelligence…
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 Monday, March 18:
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BEFORE THE OPEN
As of market close 3/15/2024. Bitcoin as of 3/17/2024.
PRE-MARKET
 |  |
MARKETS
US stocks fell on Friday as tech stocks came under pressure from inflation and higher-for-longer rate concerns
The S&P notched its first consecutive weekly loss since October
VanEck Semiconductor ETF posted its worst week since January
US dollar saw its biggest weekly gain since mid-January
Traders are now pricing in three 25 bps rate cuts in 2024, down from six or seven
EARNINGS
What we're watching this week:
Wednesday: Micron, General Mills, Chewy
Thursday: FedEx, Nike, Lululemon, Accenture
Full calendar here
NEWS BRIEFING
How the ‘dot plot’ changes — and how Fed Chair Jerome Powell addresses those changes — will be the questions investors want answered this week.
The bill’s momentum has been slowed in the Senate, which is more divided on the issue and also faces thorny budget negotiations this week to avert a partial government shutdown.
US bullish options skew at most extreme level since 2008 (link)
US PE funds struggle to cash out from China (link)
Consumer debt is stinging like never before (link)
UBS is targeting M&A opportunities in US (link)
Super Micro Computer stock has been outperforming Nvidia (link)
Nasdaq 100 YTD is beating Apple by most since 2013 (link)
US equity funds drew record inflows last week (link)
~40% of Japan’s $4T offshore funds to ignore first BOJ hike (link)
Mike Lynch goes on trial over Silicon Valley’s ‘largest fraud’ (link)
Goldman bumped pay for top three execs by 24% (link)
America’s office fire sale has barely begun (link)
Reddit’s IPO as much as five times oversubscribed (link)
Home buying costs may fall amid groundbreaking antitrust settlement (link)
SpaceX is building spy satellite network for US intelligence agency (link)
US is investigating Adani Group over potential bribery (link)
US is investigating Meta for role in drug sales (link)
Lyft and Uber will cease operations in Minneapolis (link)
Putin wins what Russia claims was an "election" for its presidency (link)
CRYPTO
BULLISH BITES
✈️ Boeing timeline: Inside the air giant’s turbulent journey in recent years.
✅ Pursuits: Want to be ‘Certified Crypto Expert?’ You need 11 hours and $229.
💼 Nvidia GTC 2024: What to expect from the AI giant's big conference.
🍨 The scoop: The tiny $2 million Groq SPV that drew Chamath's ire and led his firm, Social Capital, to terminate two of its partners.
DAILY SHARES
Trying to win allocation in the TikTok buyout
— litquidity (@litcapital)
11:25 PM • Mar 15, 2024
Keep the curation going! Buy the team a coffee ☕️