Gold keeps smashing through records while uranium and other metals climb. What gives?
🧠 Make yourself heard
Yesterday, DJT floated the idea of removing Palestinians from Gaza:
“You have to get people out of there. You have to get them out. You have to spread them to different parts of the world.”
And then occupying, annexing, and developing the territory:
“The U.S. will take over the Gaza Strip, and we will do a job with it, too. We’ll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site. Level the site and get rid of the destroyed buildings.”
AMD forecast Q1 revenue of $7.1 billion above Wall Street estimates as shares climbed 3%.
Snap beat Q4 expectations with revenue up 14% to $1.56 billion and reached 453 million daily active users; shares jumped 10.37%.
Alphabet missed revenue expectations and shares plunged 8%.
Pfizer topped Q4 estimates as Covid product sales beat expectations, but shares drifted 1.37%.
PayPal surpassed earnings expectations and announced a new $15 billion buyback program; shares slipped 1.3%.
Market movers
Public Citizen sued the Treasury Department, alleging unlawful access to payment systems by Elon Musk and his 'DOGE' group.
The CFTC halted Robinhood’s Super Bowl betting product just one day after launch.
Figure AI dropped its OpenAI partnership in favor of in-house AI models.
Estee Lauder announced plans to cut 7,000 jobs, 11% of its workforce.
🌍 Global Perspectives
🇺🇸🇮🇱🇵🇸 President Trump proposed the permanent displacement of Gazans in pivotal talks with Netanyahu at the White House.
🇸🇾🇮🇷 Syria's new leader denounced Iran, calling its proxies a regional threat.
🇸🇪 About 10 people were killed at an adult education center in what officials say is Sweden's worst mass shooting.
🇯🇵 Record-breaking snowfall disrupted daily life in northern Japan, causing airport closures and traffic jams.
Wall Street loads up on surprising $2.1tn asset class
Bank of America. UBS. JP Morgan. They’re all building (or have already built) massive investments in one $2.1tn asset class—and it’s not what you think. It’s not private equity or real estate, but fine art. Why?
In partnership with Masterworks, data from Citi shows it’s a potent diversifier with low correlation, and certain segments have even outpaced traditional investments. Take blue-chip contemporary art, which has outpaced the S&P 500 by 64% (1995-2023).
Masterworks knows the power of art investing, with their platform giving 900k+ users the opportunity to invest in this asset class as part of their overall portfolio strategy. In fact, from their 23 exits so far, Masterworks investors have realized representative annualized net returns like +17.6%, +17.8%, and +21.5%* (among assets held for longer than one year).
With so many users, Masterworks offerings can sell out quickly.
