End to hedge fund loophole

Trump will seek to end carried interest, Bessent calms markets, Amazon set to pass Walmart in revenue for first time, bank stocks pop after Fed releases ‘easier’ stress test, and Trump meets U.S. Steel CEO to discuss Nippon Steel deal...

Author

Market Briefing
February 07, 2025

Good morning.

The Fast Five → Trump will seek to end carried interest, Bessent calms markets, Amazon set to pass Walmart in revenue for first time, bank stocks pop after Fed releases ‘easier’ stress test, and Trump meets U.S. Steel CEO to discuss Nippon Steel deal…

⏱ Wall Street Icon: "If you wait on this, it will already be too late"…

See my urgent warning here.
-from Louis Navallier

Calendar: (all times ET) - Full Calendar

  • Today:
    Unemployment report, 8:30A
    Wholesale inventories, 10:00A

  • Monday:
    None scheduled

Your 5-minute briefing for Friday, February 7:

BEFORE THE OPEN

As of market close 2/6/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 33.33% for Week of February 06 2025

Previous week: 40.96%. Updates every Friday.

Market Wrap:

  • Futures dipped slightly ahead of Friday’s jobs report.

  • Amazon -4% after weak Q1 revenue outlook despite earnings beat.

  • S&P 500, Nasdaq up for a third day, Dow lagged.

  • Stocks rebounded after Trump paused Canada/Mexico tariffs.

  • Weekly gains intact: S&P 500 +0.7%, Nasdaq +0.8%, Dow +0.5%.

  • Jobs report expected to show 169K new jobs, 4.1% unemployment.

EARNINGS

Nothing being watched today. See full calendar here »

HEADLINES

White House unveils additions to tax priorities as talks begin. Trump seeks to end tax breaks for billionaire sports owners.

Amazon long ago passed Walmart in terms of market cap, but the e-commerce giant is finally poised to leapfrog its brick-and-mortar rival by another key metric: revenue.

  • S&P 500 posts modest gain, notching third straight winning session (more)

  • Bessent calms markets by leaving US dollar, debt plans intact (more)

    • Strong dollar policy remains intact under Trump, Bessent says (more)

  • US weekly jobless claims edge up; worker productivity growth slows (more)

  • Bank of England cuts rates while warning of inflation and trade war risks (more)

  • Trump meets U.S. Steel CEO to discuss deal with Nippon Steel (more)

  • Bank stocks pop after Fed releases ‘easier’ 2025 stress test (more)

  • Amazon shares drop as cloud growth, sales forecast lag (more)

  • Roblox shares fall on daily active users (more)

  • Pinterest shares surge 20% after company beats on fourth-quarter revenue (more)

  • OpenAI eyeing more data centers in Texas, other states for Stargate (more)

  • Auto parts giant LKQ will give activist Ancora board seats (more)

Wall Street legend Louis Navellier just issued a stark warning…

He says we're at the very early stages of a historic rupture in the stock market.

In fact, the early cracks have already started to appear…

Those on the right side of the fault line will have the opportunity to make more money in the next year than they might think possible.

And those on the wrong end will risk taking a massive hit to their portfolios… or worse.

Are you prepared for what's coming?

DEALFLOW

M+A | Investments

  • TPG to buy solar firm Altus Power for $2.2 billion (more)

  • Permira is buying Encore Fire Protection in $1.8 bln deal (more)

  • Warner Music buys Bruno Mars, Adele songs in $450M deal (more)

  • Leste Group, an investment manager, acquired minority stake in Billor, a vertically integrated freight and fintech platform for truck drivers (more)

  • XOi, jobsite-focused tech solutions for the field service ecosystem, acquired Specifx, an on-demand metadata platform for field service equipment (more)

  • Milacron, a provider of plastic processing equipment and services, received an investment from Bain Capital (more)

  • Technology Management Concepts, a Microsoft partner specializing in the entire Microsoft technology stack, received a growth investment from Haven Capital Partners (more)

  • Digital Harmonic, a company specializing in advanced video, signal, and image processing technologies, received an investment from Caladan Capital (more)

VC

  • Tidal Vision, a biotech company improving critical industries with chitosan-based chemistries, raised $140M in Series B Funding (more)

  • Berry Street, a nutrition counseling platform, raised $50M in funding (more)

  • Urban Sky, a stratospheric platform company, raised $30M in Series B funding (more)

  • TrueFoundry, an AI deployment and scaling platform, raised $19M in Series A funding (more)

  • Presto, an EV charging platform, raised $15M in Seed funding (more)

  • Cognida.ai, a company specializing in practical AI solutions for enterprises, raised $15M in Series A funding (more)

  • Tyba, an energy storage optimization platform, raised $13.9M in Series A funding (more)

  • REEV, a medical technology startup, raised $9.2M in funding (more)

  • MacroCycle Technologies, an upcycling tech company, raised $6.5M in Seed funding (more)

  • SimpliFed, a company specializing in virtual maternal healthcare, raised $4M in funding (more)

  • ThreatMate, an AI-powered cybersecurity startup, raised $3.2M in Seed funding (more)

  • Krista Software, the creator of AI-led intelligent automation platform Krista, raised an undisclosed amount in Series A follow-on funding (more)

CRYPTO

  • Trump Media unveils Bitcoin ETF amid financial services expansion (more)

  • Crypto's debanking worries hit another big stage in US House (more)

  • Donald Trump Jr says crypto is the 'future of American hegemony' (more)

BULLISH BITES

🏆 Don't panic, Nvidia will actually be a DeepSeek winner, says JPMorgan.

✨ Gold glitters as the unimaginable becomes imaginable.

🤖  AI bots enter the group chat.

🏖 Miami Beach claims that it is the "worst spring break destination" in a new ad campaign.

DAILY SHARES

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