“Sell America” my a$$... 

Sometimes you just have to fight for your right to print money… and today, the market did just that. Stonks and investors alike were horned up today after Donnie Deals called off new Europe tariffs tied to Greenland and hit us all with a “trust me bro” concept of a deal. 

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As a result, the Dow surged +589 points (+1.21%) to 49,007, the S&P 500 gained +1.16% to 6,875, and the Nasdaq climbed +1.18% to 23,224. Translation: the market heard “tariffs canceled” and immediately un-clenched. Meaning, the so-called “sell America” trade from Tuesday basically got reverse-carded. 

Additionally, treasuries caught a bid, yields fell, and the dollar firmed up. It was the classic “risk-on but also please don’t break anything” move. The market doesn’t want to admit it’s still kinda terrified… but it is. Meanwhile, Trump reminded everyone that he still wants Congress to cap credit card interest at 10%. But since Congress has the attention span of a goldfish and the spine of a pool noodle, the market treated it like background noise. Citi and Capital One were still up about 1%. 

(Source: Giphy) 

Over in J-Powws backyard, Supreme Court justices continue to ring the “sus” alarms that Trump can just fire Fed governor Lisa Cook like she’s an intern who forgot to refill the Keurig. Justice Kavanaugh basically warned that letting presidents do that would shatter Fed independence. Of course, we’ll see what comes of it… but like everything on the table these days “we’ll see it when we see it.” That said, the real headline of the day is that small caps continue to snap necks and cash checks as the Russell 2000 is on track to tie its longest daily outperformance streak vs. the S&P 500 in 17 years. That’s 13 straight days of pump and dumps making their mark once more. 

(Source: Giphy) 

Which means we’re either entering a real rotation… or this is just a temporary side quest before Big Tech resumes its reign. Pick your fighter, friends. Speaking of Big Tech… chips were moving like they just got revived with a Phoenix Down. Intel was up 11%, AMD popped 7.5%, and most of the Mag 7 ended green (except Microsoft… which got the “Bing” treatment, down -2.29%). Oh, and TD Cowen is preaching Broadcom’s (-1.14%) AI demand is still strong and they see a 35% upside to a $50 target. “BTMFD, baby”. Meanwhile, Kraft Heinz got smoked -5.5% after Berkshire hinted it might clean house and dump up to 325 million shares. 

Aaaaaand that’s about it. Today was once again one of those days where everything is chaos, but the chaos is still bullish. Tomorrow though? Well that’s a different story. But for now, we’ll bathe in the green while we still can. Until next time, friends… 

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

☕ Market Gossip

> Trump Tells Europe to Hand Over Greenland, But Rules Out Force (Bloomberg): Europe don’t want these hands anyway… 

> OpenAI, Anthropic set sights on enterprise customers at Davos (CNBC): "Make friends first, make sales second, make love third. In no particular order." - Michael Scott 

> OpenAI aims to ship its first device in 2026, and it could be earbuds (TechCrunch): Tim Apple is not impressed… 

> Amazon launches AI health-care tool for One Medical Members (CNBC): Dr. AI be like… 

 

 

“WTF” Meme of the Day

Truer words have never been spoken

 

At the time of publishing, Stocks.News holds positions in Intel and Amazon as mentioned in the article.