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Hey there weekday warrior,
Markets liked what J-Poww had to say.
Enjoy the next 4 minutes and 13 seconds of blue-chip news and commentary.
Keep on snapping necks and cashing checks,
So J-Poww’s telling me there's a chance?
Wake up babe, the new Fed decision just dropped.
What looked like a nothingburger of a Fed meeting on the surface had investors all hot and bothered. The Fed left interest rates unchanged, but all 3 major US markets popped more than 1%.
Are the rate cuts in the room with us right now?
All eyes were on the dot plot (think: the chart that could be an infographic that tells us where the Fed's head is at) since pretty much no one expected J-Poww to deliver a cut at this week's meeting.
Turns out, the Fed is still expecting 2 rate cuts later this year. That was certainly up for debate heading into Wednesday.
J-Poww dropped this masterclass in Fed speak that Alan Greenspan would be proud of: “If the economy remains strong, and inflation does not continue to move sustainably toward 2%, we can maintain policy restraint for longer. If the labor market were to weaken unexpectedly, or inflation were to fall more quickly than anticipated, we can ease policy accordingly.” Tell me you're trying to keep POTUS happy without telling me.
While the Fed didn't change rates (or its expectations on rates) it did slow its roll on "quantitative tightening." Going forward, it'll allow just $5B of Treasurys to roll off its balance sheet each month. Friendly reminder: that number was $25B.
It wasn't all rainbows and butterflies, though...
The Fed dropped a pretty bleak economic outlook. The good news is that the Fed still thinks the US economy will grow in the year of our lord 2025. But at a 1.7% pace, which is 0.4 percentage points lower than December’s guesstimate. Not great, Bob.
The Next Big Copper Play? This Junior Miner is Sitting on a Goldmine (literally)
The world has an insatiable demand for copper. And while most investors chase the obvious names, one under-the-radar company is quietly positioning itself for massive upside.
Hannan Metals (TSX-V: HAN | OTC: HANNF) holds massive land packages in Peru and Ireland, with geology that mirrors some of the world’s largest copper districts—the Kupferschiefer and the African Copper Belt:
The San Martín Project: 65,600 hectares of untapped potential in Peru, where early results suggest a copper-silver system with world-class scale.
The Clare Project: 35,444 hectares in Ireland, targeting high-grade zinc-lead-silver deposits in a proven mineral-rich region.
As copper demand surges, junior miners with large, high-quality projects are prime takeover targets. Hannan’s land holdings put it in an elite category.
See disclaimer below*
+ If you can’t join ‘em, beat ‘em...
Stargate 2.0 just dropped, and it’s… far less impressive than the original. Nvidia $NVDA ( ▲ 0.25% ) and xAI just announced that they’re joining up with BlackRock $BLK ( ▲ 1.88% ), MGX, and Microsoft $MSFT ( ▼ 0.01% ) to round out a new AI infrastructure consortium. The “AI Infrastructure Partnership” (I beg you, stop letting lawyers name stuff) is raising a measly $100B to bankroll new AI data centers and energy facilities a la Stargate.
Friendly reminder: the original Stargate, which counts SoftBank $SFTBY ( ▼ 0.57% ), OpenAI, and Oracle $ORCL ( ▲ 2.76% ) as founding members is planning to drop $500B on, well, the exact same thing, including a sh*tload of Nvidia chips.
+ The social platform formerly known as Twitter just closed a funding round for the ages. X raised ~$1B in a round that values the company’s equity at $32B. ICYMI Elon bought Twitter for $44B, but that included $12.5B of debt. So, bad news haters, X is worth roughly the same.
Participants included Darsana Capital Partners, 1789 Capital (Don Jr.’s employer), and apparently the DOGEfather himself. Tesla only wishes it had this kinda resilient valuation right now.
+ Chill-SEC strikes again. XRP $XRP.X ( ▼ 4.29% ) shot up Wednesday after Ripple CEO Brad Garlinghouse announced that the SEC is dropping its lawsuit against the payments company.
+ Masa Son is back on his bullsh*t. And by that, I mean overpaying for companies. SoftBank is buying chipmaker Ampere for $6.5B.
+ A federal court ruled that autonomous AI art can’t be copyrighted unless a human is behind it. Luckily, nothing bad has ever happened historically after someone was told they couldn’t be an artist…
+ Boeing $BA ( ▲ 0.23% ) is feeling itself again (especially now that those nerds it stranded are back on Earth). Shares mooned after CFO Brian West told investors that its cash issues are easing up and factories are back on schedule.
+ Ben & Jerry’s is going to war with its parent company Unilever $UL ( ▲ 0.49% ) . The wokest ice cream maker in the game is accusing its sugar daddy of breaching their merger agreement by removing David Stever as CEO. The Cherry Garcia maker claims Unilever was getting tired of David caring more about social causes than creating shareholder value.
+ US stocks “climbed and bond yields fell as Jerome Powell calmed tariff-obsessed investors, signaling the Federal Reserve saw no need for drastic action in the face of Donald Trump’s trade war.” (Yahoo! Finance)
+ The 10-year yield “edged lower on Wednesday after the Federal Reserve kept benchmark interest rates unchanged but downgraded its collective outlook for economic growth while raising its inflation forecast.” (CNBC)
+ Oil “edged up on Wednesday after U.S. government data showed a draw in fuel inventories, but the Federal Reserve’s decision to hold interest rates steady capped gains.” (Reuters)
+ The three most talked about stocks on WallStreetBets in the past 24 hours were: 1) Visa +1.5% 2) Nvidia +1.8% 3) Hims & Hers Health +7.5%
⏪ Yesterday…
+ General Mills reported in the AM
+ Five Below dropped earnings after hours
⏩ Today we’re keeping an eye on…
+ PDD, Accenture, and Darden Restaurants drop earnings before the bell
+ Nike, Micron, FedEx, Lennar, and Quantum Computing report after the bell
Yesterday, I asked, “In high school were you a hot lunch or a cold lunch person?”
41.3% of you chose “Hot lunch”.
Here’s what some of you guys had to say…
Hot lunch: “I loved school lunch. All they had was hot offerings Of limited selection. Perhaps I was forced to because my parents were too lazy to pack for me. Flash forward to now, we have to pack our kids lunches everyday and it is miserable I tell you. Maybe Mom and Dad knew the score.”
Cold lunch: “Shoutout to my fellow poors. Turkey/mayo Sammie on white bread and a mushy banana sustained me for years.”
50/50: “Depends on the day or how fire mom's leftovers were.”
And here’s today’s question…
What's the GOAT Ben & Jerry's flavor? |
Oh, and one more thing…
What did you think about today's newsletter? |
Does this look like the face of a guy you should take financial advice from?
No, it’s the face of an individual who is financially irresponsible/dumb enough to be talked into spending money on a family photo shoot that he could have just done with his iPhone. So, act accordingly...
This is not financial advice. Nothing in this newsletter is an investment recommendation. All content is created for entertainment, educational, or informational purposes only. Do your own research, or do yourself a favor and hire a professional.
*Advertiser Disclaimer
This content was produced on behalf of Hannan Metals Ltd. (TSX-V: HAN.V; OTC: HANNF) and sponsored by the company. The influencer was compensated $1,000 by Research Stock Digest to create this content. This is not financial advice, and viewers are encouraged to consult a financial professional before making investment decisions. Investing in companies involves significant risks, and past performance does not guarantee future results. Please do your own research.