🪔 What to expect this week

and a look at Tesla

Good morning investors! We know that the US economy added 151,000 jobs last month and the unemployment rate rose to 4.1%.

Today we cover:

  • What to expect this week

  • Tesla gets beaten

  • Bitcoin falls again

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📊 Economy and News 

What to expect this week

This week, key economic data and corporate earnings will take center stage. Wednesday’s Consumer Price Index (CPI) will shed light on February’s inflation, the first full month under President Trump’s new term.

Other reports include the Producer Price Index (Thursday) and Michigan Consumer Sentiment Index (Friday), alongside NFIB Optimism Index (Tuesday) and Job Openings (Tuesday), offering insights into prices, consumer confidence, and small business sentiment amid tariff concerns.

Earnings highlights:

  • Monday, March 10: Oracle, Vail Resorts

  • Tuesday, March 11: Dick’s Sporting Goods, Kohl’s, Casey’s General Stores, Ferguson, Viking Holdings

  • Wednesday, March 12: Adobe, Crown Castle

  • Thursday, March 13: Ulta Beauty, Dollar General, Wheaton Precious Metals, DocuSign

  • Friday, March 14: Li Auto, WeRide

Tech giants Oracle and Adobe will report amid focus on AI-driven growth, while retailers’ results may reflect consumer spending trends. CoreWeave’s potential IPO could also mark a major market event.

Global hits:

Controversial: Trump threatens new tariffs on Canada, including 250% tax on dairy, saying tariffs on Mexico could go up while declining to give a strong opinion on recession.

China's Economic Developments: China pledges more resources to support employment as deflationary pressures deepen in February with China’s consumer inflation turning negative for the first time in 13 months. Also, the country is planning to impose retaliatory tariffs on some Canadian products as trade war heats up.

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📈 Stocks

S&P 500 5,770.20 (+0.55%)
DJIA 42,801.72 (+0.52%)
NASDAQ 18,196.22 (+0.70%)
BRENT CRUDE 70.43 (+1.32%)
* Prices as of Mar 9th, 12:20 AM UTC

Tesla stock slump: causes and future outlook

Tesla’s stock has dropped for seven consecutive weeks, the longest decline in its 15-year public history, closing at $270.48 on Friday. Since peaking at nearly $480 in mid-December, the company has shed over $800 billion in market value. The slide began after Elon Musk joined the Trump administration, with shares now at their lowest since Election Day.

Wall Street firms like Bank of America, Goldman Sachs, and Baird have slashed price targets, citing declining vehicle sales, production challenges, and a tough competitive landscape for Tesla’s Full Self-Driving system, particularly in China.

Bank of America dropped its target to $380, pointing to weak sales and no updates on a low-cost model. Goldman Sachs cut its target to $320, noting falling EV demand in Europe, China, and the U.S. Baird flagged production downtime tied to the Model Y refresh.

Musk’s political role as Trump’s advisor and head of the Department of Government Efficiency adds further pressure. His controversial X posts and anti-Tesla and Musk sentiment in the U.S. and Europe—marked by protests and vandalism—have raised doubts about demand. Even Tesla bulls acknowledge his politics may alienate customers.

Yet, some remain optimistic. Wedbush added Tesla to its “Best Ideas” list with a $550 target, betting on a Trump-driven deregulatory boost for autonomous tech. They see affordable EVs, robotaxis, and humanoid robots as future catalysts, expecting Musk to refocus on Tesla by late 2025. TD Cowen also predicts a 2025-26 product cycle will revive growth.

Check this: The IRS is distributing up to $1,400 in Covid-19 stimulus payments to about 1 million tax filers who missed out earlier. These automatic payments correct unclaimed credits from past filings..

🔐 Crypto

Bitcoin $80.353 (-5.54%)
Ether $2,081 (-8.67%)
Solana $127 (-4.32%)
Total market cap $2.75t (-5.89%)
* Prices as of Mar 9th, 12:20 AM UTC

Trump’s Crypto Reserve Sparks Market Chaos

A week ago, President Trump tweeted about a U.S. Crypto Strategic Reserve featuring Solana, Ripple, and Cardano, later adding Bitcoin and Ethereum. He claimed it would counter Biden-era attacks and make the U.S. the “Crypto Capital of the World.”

The White House clarified he listed top-volume cryptos, unveiling a plan to hold seized digital assets rather than sell them. Trump signed the executive order Friday, triggering a “sell-the-fact” drop—Bitcoin fell $3,000 to new lows, Cardano erased gains, Solana hit late-February levels, XRP dipped below pre-tweet prices, and Ethereum neared 2023 lows.

The order allows future Bitcoin buys, but funding would need Congressional approval. A White House factsheet noted budget-neutral strategies must avoid taxpayer costs.

Bitcoin is now at around $80,000 and some expect it to go even lower.

💵 Personal Finance

Global trends like population growth and longer lifespans could drive above-average revenue for companies, outpacing broad economic growth, according to UBS analysts. They highlight five key investment themes:

Obesity: With over 800 million people affected globally and rising calorie consumption in emerging markets, the weight-loss drug market offers potential. Companies like Novo Nordisk and Eli Lilly are capitalizing on this demand, with upcoming clinical trials as possible catalysts.

Aging in Comfort: Longer retirements create opportunities in wealth planning, healthcare, nutrition, and elderly housing, bolstered by strong financials and resilient consumer trends.

Energy Transitions: Driven by politics and innovation, energy transition investments hit $1.77 trillion in 2023 and could surpass $100 trillion by 2050, benefiting utilities and related sectors.

Digital Experience: Younger generations’ digital habits and AI advancements are reshaping online business and consumer touchpoints, offering growth in travel, e-commerce, and advertising, though valuations remain high.

Fintech: Expected to grow from $285 billion in 2022 to $680 billion by 2030, fintech benefits from urbanization, regulation, and AI, with payment platforms and disruptors leading the charge.

These themes could help investors tap into small and mid-cap opportunities beyond traditional indexes, delivering long-term value.

Resources:

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👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.