Markets stabilize a bit

As February inflation is lower than expected

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📰 Market Headlines

Markets dipped slightly as trade tensions erupted worldwide, with President Trump's steel and aluminum tariffs taking effect.

  • The Dow dropped 0.2%, the S&P 500 ticked up 0.49%, and the Nasdaq slipped 0.2%

  • US consumer prices rose less than anticipated during February, with CPI up 0.2% MoM and 2.8% YoY. While still up, this is a positive sign that inflation’s acceleration risk is not as high as expected.

The EU announced $28 billion in counter-tariffs starting April, while Canada unveiled retaliatory duties worth $20 billion on US goods.

The US budget deficit swelled to $307 billion in February, up 4% from last year, despite record tax receipts.

China scolded Walmart executives for pressuring Chinese suppliers to cut prices in response to new US tariffs.

President Trump increased tensions at a St. Patrick's Day lunch by joking about serving "at least three more years," sending markets into a brief afternoon wobble.

🍷 Alternative investing news

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 📊 Ideas, trends, and analysis

US inflation eased to 0.2%, providing welcome relief ahead of potential tariff impacts.

🧠 Make yourself heard

This week’s polls focus on international investing.

Outside of the US, which region are you most interested in investing in?

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😱 Fear and Greed Index

📊 Winners and losers

Earnings

  • Adobe beat Q1 revenue expectations, driven by strong demand for its AI-enhanced design products; shares climbed 3%.

  • American Eagle warned of a "slower start" to 2025; shares tumbled 5%.

  • iRobot shares plunged over 30% after the Roomba maker expressed "substantial doubt" about its ability to continue operations.

  • Vera Bradley reported a 25% drop in Q4 sales and announced plans to sell its Pura Vida business; shares plummeted 3.13%.

Market movers

  • Porsche hinted at utilizing Volkswagen ties $VWAGY ( ▼ 3.29% ) to navigate potential US tariffs. (Volkswagen has a major assembly plant within the US.)

  • Intel appointed former Cadence Design Systems CEO Lip-Bu Tan as its new chief executive.

  • Sun Country Airlines announced plans for a potential merger with Alaska-Hawaiian and their Amazon cargo operations.

  • JPMorgan cut Tesla's price target, with analysts citing global boycotts and protests against the brand as the reason.

  • Reddit had a particularly rough day yesterday

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🌍 Global Perspectives

  1. 🇵🇭 Former Philippine President Rodrigo Duterte was arrested and extradited to The Hague to face crimes against humanity charges.

  2. 🇨🇩 The Democratic Republic of Congo and M23 rebels will begin direct peace talks in Angola next week.

  3. 🇩🇪 🇷🇺 German police busted a ring that illegally exported €21.4 million worth of luxury vehicles to Russia in violation of EU sanctions.

  4. 🇧🇷 Brazil cleared 8 miles of Amazon rainforest to build infrastructure for the UN Climate Conference.

🎤 What you said last time

🧠 Miscellanea

  • Jalapeño, a 35-pound African serval, was captured after a two-day escape in Oklahoma.

  • Archaeologists unearthed a 1.4-million-year-old partial face fossil in Spain.

  • A slab of rock at an Australian high school turned out to contain 66 dinosaur footprints.

  • Iran's "rainbow island" shoreline turned blood red after heavy rains washed iron oxide-rich soil into the sea..

📺 What to Watch Today

That’s all for today. Did I miss anything? Smash the reply button to let me know.

Or find me in the Alts Community.

Cheers,
Wyatt

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