MRKT Matrix

The market reacts nervously to a Fed rate cut amid uncertainty about future reductions. A government shutdown is already costing the U.S. economy a staggering $18 billion. AI is triggering significant white-collar job losses as automation takes over. General Motors announces over 1,700 layoffs tied to challenges in electric vehicle production. Meanwhile, BlackRock's Jeff Shen maintains a positive outlook on U.S. stocks and highlights opportunities abroad. Eli Lilly and Walmart team up to provide easier access to weight loss drug ZepBound at discounted prices.

The S&P 500 hits a record high as investors ramp up AI stock purchases ahead of the Fed's decision. Nvidia's $1 billion investment in Nokia boosts its stock and positions it for major advancements in AI and 5G technology. Microsoft deepens its partnership with OpenAI, reshaping valuation expectations. Meanwhile, PayPal raises earnings guidance thanks to its integration with OpenAI. In the labor market, UPS announces significant job cuts, while Amazon also lays off workers, showing the balancing act of tech growth and workforce adjustments.

MRKT Matrix - Monday, October 27th S&P 500 rallies 1% to notch first close ever above 6,800 on potential China trade truce (CNBC) Costs to Hedge the $16 Trillion S&P 500 Rally Rise Ahead of Fed (Bloomberg) Trump Considers Fed Chair Selection by Year-End from Slate of Five Finalists (WSJ) Qualcomm Debuts Chip to Rival Nvidia in AI Accelerator Market (Bloomberg) Exclusive: US Department of Energy forms $1 billion supercomputer and AI partnership with AMD (Reuters) Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources say (Reuters) AI isn't taking banking jobs, Goldman Sachs CEO says (Axios) US companies strike $80bn in mergers as Trump boosts dealmaking (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

Markets soar as mild inflation data sends the Dow to record highs. Goldman Sachs raises concerns about potential pullbacks amid rising valuations. Fund managers pivot to safer AI strategies, looking at indirect investments to circumvent bubble risks. AMD’s stock jumps 7% with news of IBM's use of its chips in quantum computing. Trade tensions escalate as the U.S. halts talks with Canada over a Reagan ad. Get ready for earnings season as major tech companies prepare to report impressive gains!

Markets saw a boost with the S&P 500 rebounding thanks to strong tech stocks and easing trade tensions from a Trump-Xi meeting. New U.S. sanctions target Russian oil revenues to deter funding for the Ukraine conflict. Meanwhile, lower mortgage rates have invigorated home sales despite high prices. Wall Street is on track for record bonuses amid soaring bank profits. In the tech realm, OpenAI's acquisition of a Mac app maker aims to enhance user interface capabilities. Lastly, Rivian plans to lay off over 600 workers due to declining EV demand.

MRKT Matrix - Wednesday, October 22nd Dow closes down 300 points on trade fears, latest earnings (CNBC) Government shutdown becomes 2nd longest in U.S. history (CNBC) China’s Phone Makers Are Chasing Xiaomi, Not Apple (Bloomberg) Is the Flurry of Circular AI Deals a Win-Win—or Sign of a Bubble? (WSJ) Amazon’s switch to robots over human warehouse employees will save it up to $4 billion a year, Morgan Stanley says (CNBC) AI is already taking white-collar jobs. Economists warn there’s ‘much more in the tank’ (CNBC) Hundreds of public figures, including Apple co-founder Steve Wozniak and Virgin’s Richard Branson urge AI ‘superintelligence’ ban (CNBC) Meta Cutting Roughly 600 AI Jobs as Company Aims to Move Faster (Bloomberg) Google claims ‘quantum advantage’ again - but researchers are skeptical (Nature) --- 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 Dow hit a record close, buoyed by impressive earnings from Coca-Cola and 3M. Trump hinted at a productive meeting with Xi but acknowledged uncertainties. OpenAI debuted its new AI-powered browser, ChatGPT Atlas, challenging existing giants. Apple faces setbacks with its ambitious foldable iPad. Amazon plans to automate over half a million jobs, while Alibaba Cloud claims significant GPU savings with its innovative pooling system. Meanwhile, Warner Bros. is considering a strategic sale amidst growing interest.

A surge in Apple stock is driving market gains, fueled by impressive iPhone 17 sales in the U.S. and China. Meanwhile, Bitcoin rebounds above $111,000, lifting crypto stocks along with it. Regional banks experience a recovery as credit concerns ease, but the VIX remains elevated, signaling ongoing market jitters. Cleveland Cliffs explores rare earths mining, significantly boosting its shares, while AWS faces an outage affecting key clients. Overall, a mix of optimism and caution permeates the financial landscape.

Stocks surged as U.S.-China trade tensions eased, boosting market confidence. Regional banks recovered following analyst upgrades that downplayed credit concerns. Meanwhile, Moody's reassured investors about asset quality amidst fears of loan fraud. Earnings season looks promising, led by tech and financial sectors, with big names like Netflix and Tesla on the horizon. Goldman Sachs is diving into AI infrastructure, while the IMF warns of significant risks to global growth due to ongoing U.S.-China frictions.

Worries about bad loans in the banking sector lead to a market slump, particularly impacting regional banks. Retail traders are making waves with a record options trading day, signaling strong market dynamics. Tariffs are projected to cost businesses a staggering $1.2 trillion, primarily affecting consumers. Meanwhile, AI companies struggle with skyrocketing GPU costs, prompting some to build their own power plants to meet energy demands. Economic indicators show a slowdown in retail spending, raising concerns about consumer behavior.