Markets
$TLSA shares plummeted a whopping 15%. The broader M7 members invariably fell as well, bringing down $IXIC by 4%. Treasury yields dropped considerably as investors flocked to less volatile assets. #US10Y fell 9bps and the 2YR 11bps. $BTC dipped below $80k, moving in tandem with the equities market. Goldman Sachs reversed their economy growth outlook, originally higher than market consensus, to below. The reason? Uncertainties of trumps policies & reversal from the preceding rally.
Headlines
• Nvidia, Tesla slammed as ‘Magnificent 7’ names lead market lower in Monday washout
• Stock market today: Dow sinks 900 points, Nasdaq plunges 4% in worst day since 2022
Trump: undergoing “a period of transition.”
• Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump
TSLA slumps 50% from December highs, back to prices seen on ‘We, Robot’ day.
• Goldman Sachs slashes US economic forecasts as tariff impacts grow ‘considerably more adverse’
• Oracle expects 15% revenue growth next fiscal year on strong AI cloud demand
• Treasuries Rally as US Recession Angst Sends Investors to Safety
• X Hit by Cyberattack, Originates from Ukraine
@elonmusk: There was (still is) a massive cyberattack against 𝕏. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved.
• Bitcoin falls as much as 6.5% as volatility continues after Trump’s bitcoin reserve plan
Crypto that have been seized as a result of criminal activity will form the reserve, with no extra dollars put in.
• Alphabet aims to slash cost of new nuclear with small reactor deployments, CIO says
NextEra projects power usage to grow six-fold in the next 20-years
