The MPC Weekend Edition provides a comprehensive overview of recent financial and geopolitical developments affecting global markets.
Key points include:
Market Trends
- AI Investment Skepticism: Google’s $75B AI/data center capex plan caused investor unease, impacting MAG7 stocks. Palantir, however, saw significant growth.
- Trade War Effects: New U.S. tariffs on Canada, Mexico, and China are creating opportunities in domestic sectors.
- Earnings Highlights: Notable performances from Amazon, Alphabet, and Palantir, with varying market reactions.
Corporate News
- Domino’s Pizza Enterprises announced a restructuring plan, closing 205 stores and projecting $15.5M in annual savings.
- News Corp reported strong quarterly results, driven by REA Group growth.
Geopolitical Developments
- Trump imposed new tariffs on imports from Canada, Mexico, and China.
- A controversial plan for Gaza was proposed, involving temporary relocation of Palestinians.
Commodities and Crypto
- Gold reached new highs, approaching $3,000.
- Bitcoin experienced volatility, rebounding from $92k to $100k.
- Oil prices tested support levels around $70.
This weeks newsletter also includes sections on AI webinars, reading recommendations, and a high-conviction stock pick (Palantir), along with standard disclaimers and legal notices.
