Nasdaq

US CPI and Retail Sales data due imminently - here are the ranges of estimates to note

• Data that falls outside these ranges can have a huge outsized impact on market moves.

OpenAI co-founder Ilya Sutskever is leaving the firm

• Co-founder and chief engineer. Basically, the guy who figured it out. Over to Sam now.

Nasdaq closes at a new record high

• S&P index comes up short

Goldman Sachs still like US stocks - upside risks look greater than the downside risks

• The S&P 500 Index already is higher than Goldman’s year-end target

HSBC say dip in risk assets is "increasingly in the rear view mirror" - back to Goldilocks

• Adds that US CPI data will not need to beat to fuel another risk rally

ICYMI - Druckenmiller cut his stake in Nvidia, says "AI might be a little overhyped now"

• The Druck rode the wave up from $150 to $900

Wall Street Journal reports Apple is developing AI chips for data centres

• Apple has been working on its own chip designed to run artificial intelligence software in data center servers

ICYMI - Warren Buffett’s Berkshire Hathaway cut its Apple stake in Q1 by 13%

• Buffett suggested tax reasons. I wonder?

Nasdaq shifts into high gear, up 1%

• Nasdaq at the highs of the day

JP Morgan's Marko Kolanovic cautions against buying the dip in stocks

• Says evidence is surfacing of a stagflation problem

JP Morgan's Kolanovic says the slide in US stocks is not over

• Kolanovic has been a persistent bear, and holds a 4200 year-end S&P 500 forecast

ICYMI: UBS downgraded Magnificent 6 tech stocks (6 = 7 minus Tesla) to Neutral

• Amazon, Apple, Alphabet, Nvidia, Meta, Microsoft

Nasdaq gives up gains, threatens seventh consecutive day of declines

• Nasdaq now flat on the day

US futures markets open for the week, equity indexes (ES & NQ) open up, oil down

Tesla slashed prices in the US, Europe and China over the weekend

• TSLA is trying to address plunging sales