Episode Summary
Japan makes surprise crypto move.
AI dating coaches are coming
– Markets plunge – then rebound nicely
– AI Buying AI stuff
– Cure for Frostbite?
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Warm Up
- AI dating coaches are coming
- Markets plunge - then rebound nicely
- AI Buying AI stuff
- Cure for Frostbite?
- AMAZING AMAZON
Market Update
- Japan - really pumping the risk assets
- China government making $$ moves
- China: Latest Problem: Lying Flat
- Whoops - What is an extra ZERO anyway?
Follow Up----
- USA CPI came out HOT!
- January PPI increased by 0.3% (Briefing.com consensus 0.1%), with the previous figure revised to -0.1% from -0.2%. Meanwhile, January Core PPI rose by 0.5% (Briefing.com consensus 0.1%), and the prior number was revised to -0.1% from 0.0%.
- The significant message from the report aligns with the conclusion drawn from the unexpectedly high January CPI report: whether the market opts to overlook this data due to seasonal adjustments, the Federal Reserve is unlikely to dismiss it.
- The Fed is likely to perceive it as a reason to maintain a patient approach in terms of potential rate cuts.
Market Hysteria
- The Russell 2000, sank 4% on Tuesday, but ultimately settled 1.1% higher on the week. The market-cap weighted S&P 500 declined 0.4% this week, but the equal-weighted S&P 500 jumped 0.7%.
- The Russell was DOWN 4% on Tuesday after the hotter than expected CPI report.
- In addition to the hot CPI reading, market participants also digested a below-consensus Retail Sales report for January, an unexpected drop in jobless claims to 212,000, and a hotter-than-expected PPI report for January.
-The 2-yr note yield settled 15 basis points higher this week to 4.65% in response to this week's data and the 10-yr note yield rose 11 basis points this week to 4.30%. (Briefing.com)
Japan Crypto News
- Japan inched closer to allowing venture capital firms and other investment funds to hold digit