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- 🛒 Why Cathie Wood Is On A Bargain Hunt
🛒 Why Cathie Wood Is On A Bargain Hunt
Plus, how the trade war is rattling sentiment, and more
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It’s Friday! Cathie Wood’s Ark Invest continued its aggressive buying strategy, targeting opportunities in crypto-related and AI stocks despite market volatility. Here’s how Ark is positioning itself for the next wave of innovation — and what it could mean for investors. Also, discover the winners and losers of the current trade war.
—Josh Enomoto
Plus, if you’re interested in a new approach to sports analytics, check out today’s sponsor.
MARKET RECAP
Yesterday: Stocks declined Thursday as policy uncertainty and government shutdown risks overshadowed encouraging inflation data, though a last-minute solution was found. Bond yields edged lower while investors assessed the Fed's next moves amid easing price pressures and a shifting economic landscape.
On Our Radar: Next week will be a busy one for analysts as they start things off with Monday’s U.S. retail sales report. On the earnings front, Science Applications will release its results on Monday before the opening bell.
TOP STORY
Cathie Wood’s Ark Invest is doubling down on innovation, ramping up exposure to crypto-linked and AI-driven stocks despite recent market turbulence.
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FIVE ZINGERS
Cold Feet: Notable market bull Ed Yardeni has slashed his year-end price target for the S&P 500. Learn about what inspired the change of heart.
Friendly Skies: Spirit Airlines' parent company announced a successful financial restructuring. Read about what may come next for the previously embattled discount carrier.
Cord Cutting: The Canadian province of British Columbia has excluded Tesla's charging stations and home batteries from its rebate program. Learn about the political conflict driving the decision.
Cool Winds: JPMorgan analyst Christopher Horvers noted a moderation in the CPI report. Discover the expert's take on inflation expectations for this year.
Big Beat: Cosmetics giant Ulta Beauty posted strong Q4 results, beating on the top and bottom lines. Here are the fundamental reasons why management is optimistic about the company's future.
ONE FOR THE ROAD
A fresh wave of selling sent the S&P 500 spiraling into technical correction territory on Thursday, falling 10% from its all-time high, as trade tensions escalated following President Donald Trump's latest tariff threats.
In a volatile session Thursday, the S&P 500 – as tracked by the SPDR S&P 500 ETF Trust (SPY) – closed at 5,521 points, marking a 10% drop from its Feb. 19 peak of 6,147.
The index now sits 3.8% below its 200-day moving average of 5,738, a level many traders consider a key threshold.
Only 37% of S&P 500 stocks are trading above this moving average, the lowest proportion since November 2023—a sign of broad-based market weakness.
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