Goldman warns of correction

Goldman warns stocks face correction, Stocks’ FOMO momentum moves from US to overseas, Buffett's Berkshire posts record profit, Gold heads for eighth weekly gain, and Bybit is victim of cypto’s largest hack, ever...

Good morning.

The Fast FiveGoldman warns stocks face correction, Stocks’ FOMO momentum moves from US to overseas, Buffett's Berkshire posts record profit, Gold heads for eighth weekly gain, and Bybit is victim of cypto’s largest hack, ever…

📈 Musk's new AI company is sitting at the center of a multi-trillion-dollar AI shift

And this one tiny company holds the key to making it all possible.

  • It's dominant in a sector that AI literally cannot function without.

  • It's backed by Vanguard, BlackRock, and State Street

  • Billionaires Ken Fisher, Ray Dalio, and David Tepper are all major shareholders

Calendar: (all times ET) - Full Calendar

  • Today:
    None scheduled

  • Tomorrow:
    Consumer confidence, 10:00A

Your 5-minute briefing for Monday, February 24:

BEFORE THE OPEN

As of market close 2/21/2025. Bitcoin as of 2/23/2025

Pre-Market:

US Investor % Bullish Sentiment:
↑ 29.19% for Week of February 20 2025

Previous week: 28.42%. Updates every Friday.

🚀 Is This AI Stock In Your Portfolio? »
- from Behind The Markets

Market Wrap:

  • Stocks tumbled as weak data stoked slowdown fears.

  • Dow lost 748 pts, capping a 1,200-pt, two-day drop.

  • Consumer sentiment & home sales fell more than expected.

  • Nvidia, Palantir sank; defensive stocks rose.

  • S&P lost 1.7% this past week, Dow & Nasdaq dropped 2.5%.

EARNINGS

Here’s what we’re watching this week:

  • Tuesday: Instacart (CART)

    • Home Depot (HD) - earnings of $3.03 per share (+7.4% YoY), on $39.0B (+12.1% YoY)

  • Wednesday: eBay (EBAY), MARA (MARA), Paramount (PARA)

    • Nvidia (NVDA) - earnings of $.85 per share (+61.5% YoY) on $38.1B revenue (+72.5% YoY)

    • Salesforce (CRM) - earnings of $2.61 per share (+14% YoY) on $10.1B revenue (+8.1% YoY)

  • Thursday: Duolingo (DUOL), HP (HPQ)

HEADLINES

Goldman Sachs expert Scott Rubner has cautioned that Wall Street stocks may face a downturn, citing growing instability in the options market as a key factor behind his prediction.

The animal spirits that sent the US stock market flying over the past two years are going global — a trend that some market pros say may be just getting started.

  • US business activity stalling, consumers' inflation expectations surge (more)

  • The Fed is stuck in neutral as it watches how Trump’s policies play out (more)

    • Fed’s Goolsbee plays down jump in inflation expectations (more)

  • Dollar rises in midst of consolidation, trims gains after weak US data (more)

  • Gold heads for eighth weekly gain as precious metals shipments to US rise (more)

  • Trump’s main target in metals tariffs Is China (more)

  • China urges US to stop weaponizing economic and trade affairs (more)

  • China’s local government bond rush worsens liquidity strain (more)

  • Berkshire posts gain in profits, boosted by US Treasury holdings (more)

  • Asset managers churn out defense funds once deemed uninvestable (more)

  • Cryptocurrency exchange says it was victim of $1.5B hack (more)

  • Startup founders turn to ‘seed-strapping’ in a difficult funding environment (more)

A MESSAGE FROM BEHIND THE MARKETS

Is this AI stock in your portfolio?

There are very few opportunities like this in today's market...

But our analysts identified an under-the-radar AI company landing billions of dollars in contracts every year.

All the best,

Simmy Adelman, Publisher
Behind the Markets

DEALFLOW

M+A | Investments

  • Celsius to buy energy drink brand Alani Nutrition in $1.8 billion deal (more)

  • Tokyo Gas to sell US shale gas stake to Shizuoka Gas for $130 million (more)

VC

  • Karman+, an asteroid mining startup, raised $20M in Seed funding (more)

  • Harvest Care Medical, a cannabis company, raised $4M in a refinancing deal (more)

  • Proximity, an automation platform optimizing 340B drug discount revenue for qualified healthcare providers, raised $3M in Seed funding (more)

  • Swell, a mental health company, raised $1.6M in funding (more)

CRYPTO

  • Bybit sees over $4 bln ‘bank run’ after crypto’s biggest hack (more)

  • Bybit hack spoils Coinbase’s SEC victory party (more)

  • Strategy's Michael Saylor hints at resuming Bitcoin buying spree (more)

BULLISH BITES

📀 Corporations dig deeper: using bunkers to secure data (and their CEOs).

🤖 Court filings show Meta staffers discussed using copyrighted content for AI training.

🧠 To keep up with fast-moving AI, learn the terms insiders are throwing around.

🎵 Apple is streaming eight hours of theme music from its hit Severance show for people who want to lock in like they are working at Lumon Industries.

DAILY SHARES

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