Traders flee risk

Traders seek havens to hedge uncertain stock market, China vows ‘all necessary measures’ against new tariffs, Nvidia earnings spark AI selloff, Bitcoin sheds nearly all Trump election gains, and US economy is flashing warning signs of a slowdown...

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Good morning.

The Fast FiveTraders seek havens to hedge uncertain stock market, China vows ‘all necessary measures’ against new tariffs, Nvidia earnings spark AI selloff, Bitcoin sheds nearly all Trump election gains, and US economy is flashing warning signs of a slowdown…

The DOGE Agenda (nine stocks to buy)
Every investor in America is trying to figure out what Musk will do in Washington, D.C. in the coming weeks. Here’s our take… *

Calendar: (all times ET) - Full Calendar

  • Today:
    PCE index, 8:30A
    Existing home sales, 10:00A

  • Monday:
    Manufacturing PMI, 9:45A

Your 5-minute briefing for Friday, February 28:

BEFORE THE OPEN

As of market close 2/27/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 19.38% for Week of February 27 2025

Previous week: 29.19%. Updates every Friday.

Market Wrap:

  • Futures near flat: Dow +45 pts (+0.1%), S&P & Nasdaq +0.2%.

  • Nasdaq leads monthly drop (-5.5%), S&P -3%, Dow -3%.

  • Nvidia -8.5% post-earnings, adding to market jitters.

  • Tariff fears & weak economic data weigh on sentiment.

  • Today: Key PCE inflation data drops —core PCE seen at +2.6% YoY.

EARNINGS

Nothing watched today. See full calendar here »

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HEADLINES

The equities universe has been afflicted by worries about shrinking growth and rising trade uncertainty brought on by Trump’s policies.

China faces new 10% tariff on March 4, day before key meeting. Beijing may boost support for consumption to offset levies.

  • S&P ends down as Nvidia tumbles following report (more)

  • America's economy is flashing warning signs of a slowdown (more)

  • Trumps Canada, Mexico tariffs to take effect, adds new China duty (more)

  • US weekly jobless claims post largest gain in five months (more)

  • Pending home sales drop to the lowest level on record in January (more)

  • Crypto prices tumble as Trump-fuelled euphoria fades (more)

  • Nvidia earnings spark chip, AI stock selloff (more)

  • Dell forecasts $15 billion of AI server sales this year (more)

  • OpenAI unveils GPT-4.5 ‘Orion,’ its largest AI model yet (more)

  • Meta plans to release standalone Meta AI app (more)

    • Meta in talks to raise $35B for data-center financing led by Apollo (more)

  • US securities regulator files to dismiss lawsuit against Coinbase (more)

  • Tesla sets sights on Waymo, Uber in California ride-hail bid (more)

DEALFLOW

M+A | Investments

  • Miuccia Prada says 'everybody' interested in buying Versace (more)

  • CohnReznick, an advisory, assurance, and tax firm, received a strategic growth investment from Apax Funds (more)

VC

  • Eikon Therapeutics, a pivotal-stage biotech company for drug discovery and development, raised $350.7M in Series D funding (more)

  • Enveda, a biotech company, received an investment from Sanofi, bringing the total of Series C funding to $150M (more)

  • Taktile, a decision automation platform provider, raised $54M in Series B funding (more)

  • Mimic, an enterprise ransomware defense company, raised $50M in Series A funding (more)

  • Skylo Technologies, a company powering commercially available, seamless ‘direct-to-device’ satellite connectivity, raised $30M in funding (more)

  • VerAI Discoveries, an AI-driven mineral asset company, raised $24M in Series B funding (more)

  • HouseWhisper, an AI-powered assistant for real estate professionals to manage their workflow, raised nearly $10M in seed funding (more)

  • Charta Health, an AI-powered platform that optimizes medical billing and coding workflows, raised $8.1M in Seed funding (more)

  • Ethos, a model risk management platform, raised $6M in funding (more)

  • Deepnight, a company developing AI software for military night vision, raised $5.5M in funding (more)

  • Highstock, an inventory management startup, raised $5.5M in Seed funding (more)

  • Ligero, a crypto startup focused on zero-knowledge proof (ZKP) technology for data privacy, raised $4M in Seed funding (more)

  • Humanitru, a data-driven strategy and engagement platform for mid to enterprise level nonprofits, raised $3M in funding (more)

  • Reddy, a platform for enterprise CX teams to train and manage human and AI agents, raised a total of $2M in funding (more)

CRYPTO

  • Bitcoin sheds nearly all Trump election gains in plummet under $80K (more)

  • Bitcoin, crypto ‘dip buy hype’ is now at its highest level in 7 months (more)

  • SEC says most meme coins are not securities (more)

BULLISH BITES

👀 Airbnb co-founder Joe Gebbia takes wraps off his first assignment for DOGE?

🚫 'No Amazon, no Walmart, no fast food': What's behind the 'Feb. 28 economic blackout'.

🚀 Katy Perry, Lauren Sanchez and Gayle King will crew next Blue Origin spaceflight.

🧋 Bubble-tea chain bigger than Starbucks yields $8 Billion fortune.

DAILY SHARES

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