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Stocks Collapse Following Kashkari Comments

Apple next big product | Google's considers Hubspot acquisition | Palantir + Oracle partnership

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Welcome Back,

Market Headlines 👀 

  • US Minneapolis Fed President Kashkari makes remarks on CNBC stating the Fed may not cut rates at all this year, spooking the markets.

  • Alphabet (GOOGL) has spoken to advisors at Morgan Stanley as the firm considers acquiring software company HubSpot.

  • Alphabet (GOOGL) is considering charging a fee for users to utilize its generative AI based search.

  • Palantir (PLTR) forms a strategic partnership with Oracle to provide AI solutions to businesses and governments worldwide.

  • Coinbase (COIN) becomes the first crypto exchange to receive an restricted dealer license in Canada.

  • Apple (AAPL) firm is considering in home robotics as its ‘next big product’ after car operations have shut down.

  • Tesla (TSLA) company is sending a team to scout locations for a new $3b site in India.

  • Amazon (AMZN) announces they will shutdown self checkout operations in its US stores.

  • Disney (DIS) wins its fight vs activist shareholder and is able to re-elect its full board.

  • Spotify (SPOT) announces they will increase its prices once again, second time in the past year.

With rising costs for Amazon S3 storage and potentially devastating business consequences from data loss, you need a holistic approach to cutting unnecessary spending and guarding against risks. Lawrence Miller, a consultant to multinational corporations who holds numerous networking certifications, has authored a concise volume that lays out the path to success in managing backup and compliance for S3 data lakes.

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Interesting data shared below, after SPX has a 10+% positive Q1.

  • This was the first 10+% Q1 since 2019.

  • Average pullback for the rest of the year is 11%

  • The quarter following Q1 averaged a 5% return.

  • On average most years, the remainder of the year was green.

Market Preview 🎞️

  • Friday, April 5th: US unemployment data and non-farm payrolls data

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That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

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