📊 Luck of the Irish: No Recession?

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» The U.S. House of Representatives passed a bill urging TikTok's Chinese parent, ByteDance, to divest or drop the app amid security concerns, igniting potential legal battles. Meanwhile, market volatility persists, with the S&P 500 dipping and tech stocks, including Apple, facing a downturn amidst AI technology reevaluations. (link)

» As the obesity drug market booms, experts question the potential of newly proposed weight loss ETFs, suggesting that investing directly in leading companies like Novo Nordisk ($NVO) and Eli Lilly ($LLY) might be more prudent. Despite the excitement around these ETFs by Amplify and Roundhill Investments, the dominance of a few key players raises doubts about the diversification benefits these funds could offer investors. (link)

» The narrative around a potential U.S. recession is shifting, with fewer corporate executives discussing the risk during earnings calls, reflecting growing optimism that inflation can be tamed without triggering an economic downturn. FactSet reports a significant drop in the mention of "recession" during Q4 earnings calls, signaling a more positive outlook on the economy among America's business leaders. (link)

» The landmark settlement by the National Association of Realtors is set to transform the home buyers’ agent commission system, encouraging cost-saving models like flat fees and direct buyer payments. This evolution promises significant savings for buyers, albeit with a shift towards more self-driven efforts in home searching and buying processes. (link)

» Super Micro Computer ($SMCI), once a low-profile server manufacturer, has experienced a remarkable surge, eclipsing Nvidia ($NVDA) with a twelvefold increase in share price over the past year. Set to join the S&P 500, Supermicro's strategic focus on AI server production, leveraging Nvidia chips, has positioned it as a pivotal player in the AI revolution. (link)

» Amidst growing global discontent with its dominance, the US dollar faces unprecedented challenges from both internal political strife and the aggressive foreign policy maneuvers of nations like China and Russia. The erosion of America's fiscal discipline and the politicization of financial strategies threaten the greenback's long-standing supremacy in the international financial system. (link)

» Binance CEO Richard Teng anticipates Bitcoin to surge past $80,000, fueled by growing institutional investment into crypto-backed ETFs. The introduction of Bitcoin ETFs in the US has initiated a new wave of institutional funds into the market, signaling just the beginning of a significant uptrend, according to Teng. (link)

Major earnings releases scheduled the next five business days 👇
Click here for a comprehensive list of earnings scheduled over the next 5 days (mkt cap $1bn+)

Economic results from Friday are below, along with today’s schedule 👇 Click here for full schedule & live updates of Wall Street estimates.

Character is doing the right thing when nobody is looking.

J.C. Watts