Welcome Back,

Market Headlines 👀 

• US PPI comes in above expectations at 1.6% YoY; 1.1%.

• US weekly jobless claims come in at 209k; est: 218k.

• US House of Representatives passes a bill which would bank TikTok in the US, now it moves to the US Senate.

• Former US Treasury Secretary Steve Mnunchin says he has interest with a group of investors to purchase TikTok operations in the US.

• Microsoft (MSFT) announces its next CoPilot AI assistant offering which will expand into company’s security products later next month.

• Microsoft (MSFT) stock hits another new all time high today, even after the market has a red day across most of tech.

• Apple(AAPL) acquires Canadian AI startup DarwinAi, in its latest AI push.

• Stripe private payments startup said it crossed $1t in payments for the year of 2023.

• Amazon(AMZN) announces a big spring 5 day sale from March 20th-25, available to everyone not just Prime users.

• Fisker (FSR) EV car maker is on the verge of bankruptcy, the stock is near $0.

Earnings 💸

• Adobe (ADBE)

  • EPS: $4.48 beats (exp. $4.38)

  • Revenue: $5.18b beats (exp. $5.15b)

• Ulta Beauty (ULTA)

  • EPS: $8.08 beats (exp. $7.57)

  • Revenue: $3.6b beats (exp. $3.53b)

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

SPX has its longest stretch of not dropping at 2%, its been >265 trading sessions. This type of streak last occurred in 2018.

Market Preview 🎞️

• Friday, March 15: Quad witching options; Empire manufacturing; University of Michigan sentiment and inflation expectations

Enjoy reading?👇

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. 

🔔 Be the first to know. Ensure you never do more than one read if you:

• Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).

• 👋 Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.