To The Moon

Wall Street traders led stocks lower on speculation; Nvidia posted its biggest drop in nine months.

🇺🇸 S&P 500: -0.65% 📉

🇺🇸 Nasdaq: -1.15% 📉

🇪🇺 Stoxx 600: 0.02% 📈

🇯🇵 Nikkei 225 Index: 0.23%📈

🇭🇰 Hang Seng: 0.79%📈

🇨🇳 CSI 300: 0.43%📈

• U.S. stocks ended the week with choppy losses, with the S&P 500 and Nasdaq both down -0.6% as Nvidia's gains failed to sustain and U.S. non-farm payrolls data showed higher-than-expected results. and -1.1%.

• Hong Kong's Hang Seng Index and China's Shanghai and Shenzhen Index rose 0.4% and 0.8% respectively as US stocks climbed to record highs, while investors awaited the release of China's CPI data.

• U.S. nonfarm payroll employment reached 270,000, compared with the February 2024 forecast of 200,000, demonstrating a resilient labor market.

• China's CPI rose for the first time in six months in February 2024, rising 0.7% year-on-year, beating forecasts of 0.3%, driven by spending related to the Lunar New Year.

💡 Things you need to know today: 💡

1. Nvidia Corp posted its biggest one-day drop in nine months as the stock gained more than 19% for six consecutive sessions, with traders taking profits following the gains.

Nvidia

2. “The tide has not gone out yet,” says Howard Marks. Investors will see the true state of the economy by 2025, he warns, noting that the world’s top companies could face potentially devastating debt maturities in 2025 risks of.

3. Taiwan Semiconductor Manufacturing Co. will win more than $5 billion in federal grants to support chip manufacturing projects in Arizona. This will be a great stimulus for chips and AI stocks in near term $Taiwan Semiconductor Manufacturing(TSM)$  $Microsoft(MSFT)$  $Alphabet(GOOG)$  $Nasdaq100 Bull 3X ETF(TQQQ)$  $Apple(AAPL)$ . I believe the stocks in this sector will continue to grow after this round of pullback.

TSM

4. Asia is likely to see slower economic growth and a resurgence in inflation as escalating violence in the Red Sea region disrupts shipping between the region and trading partners in the United States and Europe, according to the Economist Intelligence Unit (EIU). risk.

5. China is raising more than $27 billion for its largest chip fund to date, accelerating the development of cutting-edge technology and countering U.S. efforts to thwart its rise.

✅ Key Points:

The fact that the market is taking a slight break is part of its health, but that doesn't mean the long-term upside potential is over.

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