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- Moonfare | March 18th, 2024
Moonfare | March 18th, 2024
Today's insights are courtesy of Moonfare. Maximize your return potential with Moonfare's carefully curated private equity funds from world-leading managers. Now accessible at reduced minimum investments.
MOST ANTICIPATED EARNINGS TODAY
MARKETS AT A GLANCE
| Index/Asset | Day | Month | Year |
|---|---|---|---|
| Dow | ▼0.49% | ▲0.36% | ▲21.47% |
| S&P | ▼0.65% | ▲2.56% | ▲30.62% |
| Nasdaq | ▼0.96% | ▲1.87% | ▲37.53% |
| Bitcoin | ▲4.76% | ▲32.30% | ▲144.25% |
| 10-Year | ▲0.14% | ▲0.49% | ▲26.77% |
[ good morning ]
Here’s everything you need to know today
Welcome to the shaky start to a pivotal week. We got hammered with hotter-than-expected inflation reports last week—and no we’re waking up to a sharp rise in oil prices and treasury yields. Awesome.
The FOMC meeting and subsequent comments from Jerome Powell on Wednesday are going to be critical. The market really needs a better understanding of where interest rates are headed—and Powell needs to offer analysts something more than an extended pause.
But for now, treasury yields are starting to pop as the Street bets big on a ‘higher for longer’ regime for interest rates. That may wreak havoc on markets in the long term—but every major index started the week off with a pop.
Maybe enough companies have shown they can survive—and even thrive—in this market meta that craves efficiency above all.
Let’s explore the top headlines powering this price action.
 | TECH |
BREAKING NEWS
Alphabet stock is surging on new reports coming out of Bloomberg that Alphabet is set to tap Google Gemini as their main model for AI services on the iPhone. This has enormous, sprawling implications.
WHAT HAPPENED
Apple has publicly lagged behind the rest of Big Tech in the AI race—with no tangible announcements teasing AI of their own. Now, Bloomberg is reporting that Apple is in advanced talks to bring AI services to iOS this year—but doing so by initially licensing Google Gemini instead of building their own models. Specifics surrounding the partnership haven’t been discussed and probably won’t be announced before Apple’s main developer conference in June.
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 | ENERGY |
BREAKING NEWS
Analysts are more worried than ever about inflation sticking around thanks to a surge in oil prices. What is going on?
WHAT HAPPENED
Oil prices are getting squeezed on both sides thanks to a whole mess of developments worldwide. In the immediate term, Ukrainian drone strikes on a critical Russian oil refinery in Slavyansk have potentially disrupted up to 15% of Russia’s refining capacity. Even though Russian oil is under sanctions, the supply of that ‘cheap’ oil has helped keep prices low.
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 | TECH |
BREAKING NEWS
After recovering from disappointing guidance set in January—Logitech stock just got crushed thanks to an announcement that their CFO is departing. Let’s sift through the fallout.
WHAT HAPPENED
Logitech CFO Chuck Boynton announced that he is leaving the company for another opportunity. Boynton is barely over a year into his tenure as CFO—so this is a pretty bad blemish for Logitech that may signal deeper worries than investors were expecting. Boynton will stay at Logitech until May to help ensure a smooth transition. However, Logitech isn’t announcing a successor just yet—making this whole process feel rushed.
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What You Missed Yesterday
Trump's EV Critique Sparks Industry Reflection Amidst Transition Hurdles EU Sets Global Precedent with First Comprehensive AI Regulations House Targets TikTok, Setting Stage for Senate Showdown | Intel Loses $2.5 Billion Pentagon Grant Dollar Tree Burns $2 Billion and Closes Stores Where is all the Inflation? |
Extra Moby Snacks
Shares of HashiCorp jumped nearly 10% in early trading thanks to reports that the company was considering a sale. After a period of decent growth—the firm can be a hot acquisition target.
With a senate vote to ban TikTok looming, a new report by data.ai suggests that growth at the firm is already slowing down thanks to controversial design changes made to prioritize shopping and commerce links. Maybe the ban is a way to save the company?
Today's insights are courtesy of Moonfare. Maximize your return potential with Moonfare's carefully curated private equity funds from world-leading managers. Now accessible at reduced minimum investments.
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