Capital Markets Insights | 24 Feb - 28 Feb
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Capital Markets Insights | 3 March - 7 March
Get stock analysis and detailed markets insights to make confident investment decisions
Hey Trader,
Another rough week for the markets, stocks kept sliding, crypto took a hit, and the Nasdaq officially entered correction territory. Fear is in the air, but don’t panic just yet. Historically, a 10% correction happens almost every year and it’s usually healthy.
Something similar went down in January 2018 when Trump’s tariff announcement sent markets into a correction amid uncertainty. Not financial advice—always do your own research but could history be repeating itself? If so, we might be setting up for a strong bounce rally into summer.
For this week:
US Markets
The U.S. stock market experienced significant volatility again primarily due to escalating trade tensions and mixed economic data. The S&P 500 index closed at 5,770.19 on Friday, March 7. This downturn was largely driven by President Trump's announcement of additional tariffs on everyone who doesn’t go his way.
Gold
Gold prices reached new highs earlier in the week, as investors sought safe-haven assets amid geopolitical uncertainties. However, by Friday, March 7, gold prices had retreated, closing at $2,910 per ounce, an increase of 1.83% for the week. This rise was influenced by a weakening U.S. dollar and geopolitical uncertainty.
Oil
Crude oil markets faced downward pressure during the week. West Texas Intermediate (WTI) crude oil closed at $66.86 per barrel on Friday, March 7, reflecting a 4.81% decrease for the week. Factors contributing to this decline included global demand concerns and a stronger U.S. dollar.
Currencies
The U.S. dollar weakened against major currencies over the week. The Dollar Index (DXY) declined by 3.51%, reaching 103.90. This depreciation was driven by a mix of factors like weaker employment data, investors losing their confidence in the US markets and looking for other assets and regions.
Cryptocurrencies
The cryptocurrency market experienced heightened volatility. Bitcoin (BTC) dipped to $79,000 mid-week but rebounded to close at $84,000 on Friday, March 7. This fluctuation was influenced by renewed correlations with technology stocks, institutional outflows, and panic selling among retail investors. The US government announced a Bitcoin strategic reserve but the market didn’t look so excited as the fear and uncertainty has spooked the markets.
Economic Calendar Highlights
- ISM Manufacturing PMI (Feb) came lower at 50.3
- ISM Non-Manufacturing PMI (Feb) came higher at 53.5
- Initial Jobless Claims came at 221k
- Unemployment Rate came at higher at 4.1%
This Week's Top Gainer in US Markets (excluding small caps under $2B market cap)
- Company: TGTX (TG Therapeutics Inc)
- Gain: 27.75%
TG Therapeutics (NASDAQ:TGTX) jumped 14.39% on Monday to $34.42 after reporting strong earnings. The company posted a Q4 net income of $23.3M, reversing a $14.4M loss from the previous year, while full-year profit soared 84.5% to $23.38M. Revenue surged 146% in Q4 to $108.18M, with annual revenue up 41% to $329M. For 2025, TG Therapeutics projects $540M in revenue, with $525M from its BRIUMVI treatment.
This Week's Top Loser
- Company: CORZ (Core Scientific, Inc.)
- Gain: -30.29%
Core Scientific (CORZ) reported a tough Q4 2024, with revenue plunging 33% YoY to $94.9M and net losses widening to $265M from $195.7M. Bitcoin production collapsed, with just 9.74 BTC mined compared to 3,042 BTC a year earlier. Despite setbacks, the company cut $270M in debt via Chapter 11 restructuring, ending the year with $830M in cash. February mining output dropped further, with daily production falling to 7.7 BTC from 8.3 BTC in January, driving revenue down to $20.6M from $25.5M. Cantor Fitzgerald lowered its price target to $20 (from $21) but maintained an Overweight rating.
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And now, for the grand finale of this newsletter, here's one of our favorite quotes to inspire your next investment boogie:
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Stay sharp, Investorean! Keep an eye on your investments and take care of that cash.
For more market insights like this, visit investorean.com.
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May Investorean Be With You
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