HaiKhuu Weekly Recap & Analysis
March 17 - March 21, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
Jerome Powell and the Feds Left Interest Rates UNCHANGED
PepsiCo agreed to acquire healthier soda brand Poppi for $1.95 Billion
DoorDash customers will soon be able to buy food from the app using Buy Now Pay Later through Klarna
Major Indices’ Weekly Movement:
S&P 500: +0.23%
Nasdaq: +0.28%
Dow Jones: +1.14%
Monday, March 17
Stock Related News:
PepsiCo agreed to acquire healthier soda brand Poppi for $1.95 Billion
Klarna is partnering with Walmart backed OnePay to offer buy-now-pay-later to US shoppers, replacing Affirm as Walmart’s fast credit option
Amazon is adding a new premium tier to the next generation of AI powered Alexa devices
Robinhood launched a new prediction markets hub in its app that allows traders to et on real world event outcomes
Forever 21 recently filed for its second bankruptcy in the last 6 years
Economic News:
Retail Sales:
(Previous -1.2%, Actual 0.2%)
Empire State Manufacturing Survey:
(Previous -2.4, Actual 0.2%)
Business Inventories:
(Previous -0.2%, Actual 0.3%)
Home Builder Confidence Index:
(Previous 42, Actual 39)
Major Indices:
S&P 500: +0.77%
Nasdaq: +0.65%
Dow Jones: +0.93%
Tuesday, March 18
Stock Related News:
Tesla was just granted the first in a series of approvals from California to operate Robotaxis
Google has agreed to acquire Wiz for $32 Billion
Amazon undercutting Nvidia with aggressive discounts on in-house AI chips
Elon Musk reportedly invested $150 million to acquire more shares in X last year at a valuation approaching the price he paid for the company’s equity in 2022
Economic News:
Housing Starts:
(Previous 1.35M, Actual 1.50M)
Import Price Index:
(Previous 0.4%, Actual 0.4%)
Industrial Production:
(Previous 0.3%, Actual 0.7%)
Capacity Utilization:
(Previous 77.7%, Actual 78.2%)
Major Indices:
S&P 500: -1.08%
Nasdaq: -1.70%
Dow Jones: -0.64%
Wednesday, March 19
Stock Related News:
Jerome Powell and the Feds Left Interest Rates UNCHANGED
Jerome Powell:
Inflation expectations have recently moved up, with tariffs as driving factor
The economy is strong
The base case for inflation from tariffs is that we’re back to it being transitory
We were getting closer to price stability but that has been delayed due to tariff inflation
Sentiment has fallen off, but the economy seems to be healthy and economic activity has not fallen off
Tariffs tend to bring growth down and inflation up
Fed staff forecasts assume full tariff retaliation
President Trump:
The Fed would be much better off cutting rates as U.S. Tariffs start to transition their way into the economy
Nvidia says they have not been invited to a consortium to purchase stake in Intel
Economic News:
FOMC Interest-Rate Decision
Major Indices:
S&P 500: +1.09
Nasdaq: +1.34%
Dow Jones: +0.93%
Thursday, March 20
Stock Related News:
DoorDash customers will soon be able to buy food from the app using Buy Now Pay Later through Klarna
Meta just announced the rollout of its AI chatbot across Europe starting this week
Nvidia plans to invest hundreds of billions of dollars in U.S. chip and electronics manufacturing over the next four years
Eli Lilly just announced its launched its weight loss drug Mounjaro in India
Tesla plans to soon introduce battery innovation in Cybertrucks that could sharply decrease manufacturing costs
European Union delays implementing first retaliatory tariffs on goods to middle of April
Lyft plans to offer driverless rides on its platform as early as this summer
Economic News:
Initial Jobless Claims:
(Previous 221k, Previous 223k)
Philadelphia Fed Manufacturing Survey:
(Previous 18.1, Previous 12.5)
Existing Home Sales:
(Previous 4.08, Actual 4.26)
Major Indices:
S&P 500: -0.29%
Nasdaq: -0.34%
Dow Jones: -0.07%
Friday, March 21
Stock Related News:
Fed Goolsbee:
The longer the Fed waits it may mean the cuts have to be backloaded, there can be a cost to waiting
Fed Williams:
Current modestly restrictive monetary policy is entirely appropraite
Many different economic scenarios are possible right now
President Trump just awarded Boeing the next-generation fighter jet contract worth billions
Economic News:
No Economic News
Major Indices:
S&P 500: +0.03%
Nasdaq: +0.33%
Dow Jones: +0.07%
