Welcome Back,

Together with Carbon Finance:

Market Headlines 👀 

• US weekly jobless claims come in at 212k; est: 215k.

• US 30y fixed mortgage rate jumps a quarter basis point and is currently 7.1%; largest weekly increase in nearly a year.

• US existing home sales saw a 4.3% MoM decline coming in at 4.19m.

• Microsoft (MSFT) company says they have acquired 1.3m Copilot customers, including corporations like Ernst & Young, and Goldman Sachs.

• Meta Platforms (META) announces major changes implementing new features across its product suite using its Llamma Ai services.

• Micron (MU) is set to receive $6.1b in grants to expand its chip factories domestically.

• Tesla (TSLA) announces it will temporarily halt all cybertruck deliveries.

• Tesla (TSLA) breaches $150 giving back over a year worth of gains and currently the 3rd worst performing stock in the market this year.

• CrowdStrike (CRWD) strikes a deal with National Australia Bank to protest SMBs from cyber threats.

• Rivian (RIVN) announces a 1% layoff across the board, the second set of broad layoffs for this year.

Earnings 💸

• Netflix (NFLX)

  • EPS: $5.28 beats (exp. $4.54)

  • Revenue: $9.4b beats (exp. $9.3b)

• TSMC (TSM)

  • EPS: $1.38 beats (exp. $1.32)

  • Revenue: $18.87b beats (exp. $18.2b)

• Intuitive Surgical (ISRG)

  • EPS: $1.50 beats (exp. $1.41)

  • Revenue: $1.89b beats (exp. $1.87b)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

US stocks have hit an air pocket with higher for longer Fed policy shift and geopolitics that have driven oil prices higher. Earnings growth can support current valuations versus bonds but earnings will need to do the heavy lifting rather than multiple expansion.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Market Preview 🎞️

• Friday, April 19th: Monthly OPEX options expiration

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

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