Nvidia's $2B bet on CoreWeave sparks AI hardware rally; miners dip as valuation metrics shift.
S&P 500 futures flat pre-Fed, tech earnings loom. Gold hits $5K! Traders eye Fed's rate path & Big Tech valuations.
100% bonus depreciation returns! Businesses can now deduct full asset costs in 2025, boosting capital spending & growth.
Bitcoin at $89K shows resilience post-leverage flush. M2 index signals support, but hedging dominates over leverage.
AI job displacement looms: expect 1+ month longer job search & >4% wage cut. Goldman Sachs flags risk.
NYC power prices surge 31% amid polar vortex; grid operator shifts data centers. Energy stocks rise.
BoJ minutes show a unanimous 25bp hike, lifting the call-rate target to ~0.75% as wage and underlying inflation momentum firmed. Members flagged negative real rates, yen-inflation effects, and a meeting-by-meeting path.
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