'Frustration and fatigue'

Frustration and fatigue’ hit stock traders in run-up to tariffs, OpenAI closes largest private tech deal on record, Tesla plunges 36% in first quarter, Newsmax spikes more than 700% in first trading day, and Goldman raises odds of US recession to 35%...

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Market Briefing
April 01, 2025

Good morning.

The Fast Five → ‘Frustration and fatigue’ hit stock traders in run-up to tariffs, OpenAI closes largest private tech deal on record, Tesla plunges 36% in first quarter, Newsmax spikes more than 700% in first trading day, and Goldman raises odds of US recession to 35%…

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- from InvestorPlace

Calendar: (all times ET) - Full Calendar

  • Today:
    Construction spending, 10:00A
    Job openings, 10:00A
    Auto sales, TBA

  • Tomorrow:
    Factory orders, 10:00A

Your 5-minute briefing for Tuesday, April 1:

BEFORE THE OPEN

As of market close 3/31/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↑ 27.58% for Week of March 27 2025

Previous week: 21.58%. Updates every Friday.

Market Wrap:

  • S&P +0.55% after falling 1.65% intraday; Nasdaq -0.14%, Dow +418 pts (+1%).

  • Nvidia -1.2%, Tesla -1.7%; AI trade fades.

  • Trump vows broad tariffs on “all countries” Wednesday.

  • S&P ends March -5.8%, Nasdaq -8.2%, Dow -4.2%.

  • Q1: S&P -4.6%, Nasdaq -10.4%, Dow -1.3%.

  • Recession fears rise; Q1 GDP seen at just 0.3%.

EARNINGS

Light week. Here’s what we’re watching:

TOGETHER WITH PUCK

"I Missed NVIDIA and Regretted It" —
Don't Miss This Second Chance

The man who predicted nearly every major AI winner has identified a small company with identical growth markers to early NVIDIA. If you've ever thought "I missed Nvidia, and I'll never get another chance like that," this presentation is for you.

HEADLINES

Stocks swung wildly Monday, with the S&P 500 Index falling as much as 1.7% early on before clawing that back to close up 0.6% for the session.

The round includes $30 billion from SoftBank and $10 billion from a syndicate of investors.

  • Nasdaq 100’s worst quarter in years sealed by AI bubble fears (more)

  • Huge options position just adds more fuel to S&P 500 volatility (more)

  • The ‘Dirty 15’ countries that could be hit hardest by Trump’s tariffs (more)

  • Oil prices climb 2% to five-week high on Russia, Iran supply worries (more)

  • Goldman raises recession odds to 35%, predicts three interest rate cuts​ (more)

  • Fed officials cautious on rates amid tariff-related inflation risks (more)

  • US chip grants in limbo as Lutnick pushes for bigger investments (more)

  • Tesla plunges 36% in first quarter, worst performance since 2022 (more)

  • Biotech stocks hammered after a key FDA official resigns (more)

  • Cable channel Newsmax spikes over 700% in first trading day on NYSE (more)

  • Wall Street banks got meager payout from CoreWeave IPO (more)

  • UBS names new head of global investment management (more)

  • Netflix CEO says movie theaters are dead (more)

📈 Before It Goes Viral: The AI Stock Hidden in Plain Sight »

DEALFLOW

M+A | Investments

  • Precisely, a global data integrity provider, acquired DTS Software, a mainframe storage software provider (more)

  • Workato, an enterprise orchestration platform, acquired DeepConverse, a gen AI-based support automation platform (more)

  • Kardigan, a health company modernizing cardiovascular drug development, acquired Prolaio, a company advancing cardiology research (more)

  • Crisp, a provider of retail data solutions, acquired Shelf Engine, an AI company specializing in demand forecasting and automated ordering (more)

  • Science Exchange, life sciences procurement and SaaS solutions, acquired HappiLabs, a software company specializing in procurement support (more)

  • Cotiviti, a leader in data-driven healthcare solutions, acquired Edifecs, a pioneer in healthcare data interoperability (more)

  • OpenTug, a maritime logistics software platform, received a $2.2M strategic investment from TMV (more)

  • Spectrum Vascular, a provider of medication management products, received an investment from SK Capital Partners (more)

VC

  • Temporal Technologies, an inventor of open-source durable execution platforms, raised $146M in funding, at $1.72B valuation (more)

  • Retym, a semiconductor firm, raised $75M in Series D funding (more)

  • GridPoint, an energy management technology company, raised $45M in funding (more)

  • Gable, a shift left data management platform, raised $20M in Series A funding (more)

  • BetterFleet, a SaaS platform for transit, government, utilities, and logistics fleets, raised $15M in funding (more)

  • Sourcetable, an AI spreadsheet and data analyst, raised $4.3M in Seed funding (more)

  • Sohar Health, an AI-driven eligibility determination and VoB provider, raised $3.8M in Seed funding (more)

  • Marit Health, a community-powered, verified salary sharing platform for physicians, raised $3.2M in Seed funding (more)

  • Kay.ai, an AI co-worker eliminating manual data entry work for insurance brokers and agencies, raised $3M in funding (more)

CRYPTO

  • Trump sons back new Bitcoin mining venture with Hut 8 (more)

  • Michael Saylor's Strategy Adds Another 22K Bitcoin for $1.92B (more)

  • Larry Fink: Bitcoin could threaten dollar’s reserve currency status (more)

BULLISH BITES

🇬🇱 How Trump's tariffs are different this time.

🤦🏻‍♂️ Blackrock’s Larry Fink has a plan to index opaque corners of private investing.

🎥 The 50 best things Microsoft has ever made.

🎁 How Rolex makes a new watch: The story behind the Land-Dweller.

DAILY SHARES

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