GolfSuites | March 19th, 2024

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MARKETS AT A GLANCE

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Here’s everything you need to know today

Well, the market’s appetite for risk has suddenly dried up entirely. Nvidia can’t hype up their stock anymore, even by giving Jensen Huang the rockstar treatment during their big developer conference kickoff.

Meanwhile, interest rates and other pressures have finally turned Bitcoin’s little correction into a full-on plunge. What’s it going to take to get crypto to recover?

With markets mired in sell pressure, all eyes are now on the Fed ahead of tomorrow’s FOMC meeting. Can interest rate hopes pull us out of this one? Let’s explore the major headlines and try to find a pattern.

BREAKING NEWS
Nvidia CEO Jensen Huang laid out the next stage of the AI revolution in a massive event featuring chip announcements, tech breakthroughs, and massive new partnerships across the economy. With the market selling the stock a little in early trading—have we finally hit peak hype for Nvidia?

WHAT HAPPENED
The main highlights are Nvidia announcing a new hyper-advanced series of AI chips—called Blackwell. Blackwell is not only a series of new AI server GPUs, but a platform aimed at helping companies deploy AI. The density of these Blackwell chips will help Nvidia extend their dominance in the AI space while firms are still scrambling to get their hands on the current generation of AI hardware from Nvidia. Nvidia also announced partnerships for various high-visibility initiatives, like a new project with Johnson & Johnson for AI-powered assistants for surgeons.

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This Shark Sees Potential on the Greens

The original shark from Shark Tank, Kevin Harrington, says GolfSuites is one of his “favorite investment opportunities right now.”

Why?

• The $16.7B golf market is booming

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• They’re targeting 200+ cities for expansion

BREAKING NEWS
Sell pressure ramped up something fierce today in the cryptoverse as Bitcoin plummeted all the way back to the $62K range. Bears are attacking the price action from all sides. Let’s explore some of the bigger factors:

WHAT HAPPENED
With the market becoming more and more concerned interest rates will stay higher for longer, risky investing is finally starting to lose its shine. People are pulling back from more aggressive positions in crypto ahead of a potentially more defensive environment.

This dynamic went into overdrive when outflows from Grayscale’s GBTC ETF topped $640 million yesterday. According to CoinDesk, inflows to other ETFs were still high—but left the bitcoin ETF space with $15 million in net outflows. A lot of investors took this as more of a sell signal, and the bearish trading just amplified from there.

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BREAKING NEWS
After inflation finally started to bite the Japanese economy—the Bank of Japan has ended a wild period of extreme monetary policy by pushing their interest rates back to zero. It’s time to catch up to Jerome Powell.

WHAT HAPPENED
We have been in a wild moment where Japan was keeping their interest rates negative in order to boost inflation and economic growth. This policy took a long time to work—and didn’t really accelerate growth in Japan until Russia’s invasion of Ukraine kicked inflation into overdrive. However, negative interest rates have been such a stark contrast to the Federal Reserve’s war on inflation that the Japanese Yen weakened considerably compared to the dollar. This made large, multinational corporations generate huge revenue gains just because U.S. revenue suddenly became 50% more valuable.

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Today's insights are courtesy of GolfSuites. Join GolfSuites as an investor ahead of their nationwide expansion.
Learn More About GolfSuites ➔