To The Moon

Here's a full recap:

1. The CPI headline rate came in at 2.8% against an expected 2.9%, while the core CPI was 3.1% compared to an anticipated 3.2%. U.S. egg prices surged 10.4% in February, with a notable 58.8% year-over-year increase, although the cost for a dozen eggs has reduced by about $2 in the past week from an all time high at $8.25. Shelter costs rose 0.3%, accounting for nearly half of the monthly CPI increase. Airline fares dropped 4%, signaling weaker air travel demand, while gasoline prices fell 1%, though the energy index edged up 0.2%. The probabilities for a rate cut at the FOMC meeting on March 19th is now 2% while probabilities for the May cut reduced from 40% to 27%. The $SPX S&P 500 was up 0.50% today, the Nasdaq $NDX was up 1.13%, and the Dow Jones $DJI was down 0.20%.

2. Palantir $PLTR announced its sixth AIPCon, set for tomorrow. The event will feature new customer announcements, including Heineken, Walgreens, R1 RCM, RaceTrac, Ripcord, and others. AIPCon showcases the applications of its AI Platform (AIP) by bringing together customers, partners, and industry leaders to demonstrate business outcomes across sectors like manufacturing, healthcare, and defense.

3. $GOOGL Google unveiled Gemini Robotics, an AI model based on Gemini 2.0, designed to bring multimodal reasoning and embodied intelligence to robotics, partnering with Apptronik, a humanoid robot startup, to develop advanced humanoid robots like Apollo. It features vision-language-action capabilities, enabling robots to see, understand, and interact with their surroundings in real time while adapting to various situations and following natural language instructions. Google also introduced Gemini Robotics-ER, which enhances spatial reasoning and allows roboticists to integrate the AI with their control systems across multiple robot platforms, from industrial machines to humanoids. The launch aims to advance real-world applications of robotics, spanning home assistants to industrial automation.

4. Goldman Sachs reduced its 2025 S&P 500 target to 6,200 from 6,500, citing weaker earnings, higher tariffs, and tighter conditions. It lowered S&P 500 EPS to $262 from $268 and the valuation multiple to 20.6x from 21.5x. Despite the cut, 6,200 remains above the current 5,572, though Goldman warns of no clear growth catalyst. Markets reflect even weaker growth than Goldman’s below-consensus forecast, with economic deterioration as the top risk. JPMorgan holds its target with a slower trajectory, while Citigroup maintains its target but drops its buy rating on U.S. stocks.

5. $RKLB Rocket Lab won an Airbus contract to supply 200 solar panels for 100 OneWeb satellites, generating ~80 kW for Eutelsat’s LEO constellation. Building on 450+ prior deliveries, the panels will be produced in Albuquerque for 2026 delivery. Rocket Lab also launched InterMission and MAX Constellation software suites at the SATELLITE conference, enhancing autonomy and security for space missions. InterMission offers real-time spacecraft monitoring, while MAX Constellation upgrades flight software with ODySSy simulations. These tools, backed by 250+ years of flight heritage, support NASA, DARPA, and commercial missions.