MRKT Matrix

MRKT Matrix - Monday, November 17th Dow drops 550 points, dragged down by Nvidia, tech shares (CNBC) Fed Governor Waller backs December rate cut as support for weakening labor market (CNBC) AI could be causing ‘quiet time’ in labor market, top Trump economic aide Hassett says (CNBC) ‘I’m nervous’: Klarna founder challenges trillion-dollar spending on AI (FT) Google to Invest $40 Billion in New Data Centers in Texas (Bloomberg) Now Tech Moguls Want to Build Data Centers in Outer Space (WSJ) Jeff Bezos Creates A.I. Start-Up Where He Will Be Co-Chief Executive (NYT) Apple intensifies succession planning for CEO Tim Cook (FT) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://riskreversalmedia.beehiiv.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

The Nasdaq rebounds as tech stocks like NVIDIA and Tesla recover from a slump. Rising volatility is tied to hefty AI valuations and uncertainty around the Fed's December policy. Consumers are tightening spending, with Gen Z cutting back ahead of the holidays. Walmart faces leadership change, emphasizing a shift towards tech and AI. Upcoming NVIDIA earnings could be pivotal for tech sentiment, while concerns about an AI bubble lead to discussions on who will finance this technological shift, pointing to retirees.

Markets experienced a significant drop, driven by concerns over a potential rate cut and pressure from major tech stocks. Foreclosure rates surged 20% in October, highlighting risks in the housing market. Verizon announced a plan to cut 15,000 jobs while AI technology begins to show promising returns for companies. Meanwhile, the contrast between Big Tech's profits and startups' losses raises questions about the sustainability of AI investments. Waymo made headlines with its launch of fully driverless freeway rides in select U.S. cities.

Markets react positively as the government shutdown nears an end, with financial stocks like Goldman Sachs and J.P. Morgan leading the charge. Meanwhile, the impending loss of vital economic data raises concerns for the Fed's decision-making. Record delinquencies in subprime car loans highlight consumer stress, while AMD's CEO defends hefty AI investments amidst growing scrutiny on tech valuations. Anthropic's ambitious $50 billion plan for AI infrastructure in the U.S. signals a persistent commitment to innovation, even in volatile times.

Investors are rotating out of tech, causing the Nasdaq to slip while the Dow hits record highs. Economic uncertainties loom as crucial data remains unreported, casting doubt on the outlook. Holiday hiring is tougher than ever, with fewer retail roles available and competition rising. AI stocks face pressure from weak guidance, leading to significant sales shifts like SoftBank's Nvidia stake sell-off to boost AI investments. Meanwhile, accusations arise against tech firms for potentially inflating earnings through accounting practices.

Markets surged with the Dow gaining nearly 400 points, spurred by optimism around a government shutdown resolution. Tech stocks saw a notable boost, while UBS forecasts a S&P 500 target of 7,500 by 2026 thanks to AI-driven earnings. Silver prices are also on the rise, driven by industrial demand. Meanwhile, crypto stocks face challenges as the market unravels. Notable issues include empty data centers in Santa Clara due to power shortages and legal battles involving AI platforms.

The Nasdaq faces its toughest week since April, driven down by AI stock declines and fears of an economic slowdown. A looming government shutdown adds to market uncertainty, affecting food aid and travel. Consumer sentiment hits a record low, while China's exports unexpectedly drop. An expert suggests the recent tech pullback is healthy after a significant rebound. Meanwhile, Microsoft aims for superintelligence, and phone buyers seem to favor hardware over AI features.

The episode dives into the steep decline of AI stocks, causing market jitters. It highlights the highest number of job cuts in over two decades, raising concerns about the labor market. Homebuilders are aggressively offering mortgage-rate discounts, but buyers remain hesitant. Thanksgiving turkey prices are soaring due to flock shortages, hinting at a holiday shopping shock. Additionally, a notable deal on weight-loss drug prices aims to expand access, while Ford contemplates the future of its electric F-150 amidst dwindling demand.

Stocks surged as the Supreme Court questioned Trump's tariff authority, boosting automakers and commodities. Almost half of U.S. imports are under tariffs, raising concerns about trade dynamics. China’s grip on key industries like drugs and chips poses a significant threat to U.S. supply chains. Deutsche Bank is exploring strategies to hedge against AI-related lending risks. Meanwhile, a warning emerges about the potential bubble in AI-driven advertising affecting tech giants.

Markets are shaken as Palantir's stock drop fuels AI valuation fears. Wall Street CEOs warn of a potential market correction, while valuation indicators hint at tough times ahead. Michael Burry's bearish bets against Palantir and NVIDIA stir controversy. Job postings continue to decline, indicating a cooling labor market, and IBM announces significant layoffs. Amidst this, Trump seeks to negotiate lower prices for weight-loss drugs, highlighting broader economic shifts.