20250306 Review: Watching the non-farm payroll data tonight.

Comprehensive review of the previous day's market information:

1.President Trump signs executive order to establish strategic Bitcoin reserve

• Trump signed an executive order to create a strategic $Grayscale Bitcoin Mini Trust ETF(BTC.US) Bitcoin reserve, with initial funding of approximately 200,000 Bitcoins, sourced from assets seized in criminal or civil cases, without burdening taxpayers.

• The reserve is likened to a "digital version of the Fort Knox gold reserve", with the government treating Bitcoin as a store of value to avoid past losses of $17 billion due to premature sales.

• The order requires the Treasury Secretary and Commerce Secretary to develop a budget-neutral strategy for further Bitcoin acquisition, while establishing the U.S. Digital Asset Reserve to manage other seized digital assets, without actively purchasing new assets.

• Trump emphasized that he is fulfilling his promise to make the U.S. the "global cryptocurrency capital" and stated that his administration is advancing the digital asset industry at "tech speed".

2.Nasdaq $QQQ enters correction territory

• The Nasdaq has retreated 10% from its all-time high, entering a technical correction.

• The Nasdaq 100 ETF $QQQ fell below its 200-day moving average for the first time (since March 2023).

• Statistics show that after a prolonged uptrend, QQQ typically experiences an additional 3.5% decline within two weeks after breaking this average, potentially signaling the start of a bear market.

• However, if the decline over the next two weeks is less than 4%, historical data suggests positive returns in the following year, indicating market resilience.

3.Trump delays tariffs on Canadian goods meeting USMCA standards

• Tariffs on certain goods from Canada and Mexico are postponed to April 2, extending the deadline by one month.

• Trump stated: "We just had a very positive meeting with several ministers and Elon Musk, among others. Reducing tariffs is important, but retaining the best and most productive talent is equally crucial."

• Meetings will be held every two weeks until necessary adjustments are completed.

4.Broadcom $Broadcom(AVGO.US) reports record Q1 earnings

• Adjusted EPS of $1.60, up 45.5% YoY, with total revenue of $14.916 billion, up 25% YoY.

• AI revenue surged 77% to $4.1 billion, becoming the primary growth driver.

• Q2 guidance projects revenue of $14.9 billion (up 19% YoY), with adjusted EBITDA margin of approximately 66%.

• CEO Hock Tan stated: "Record Q1 performance was driven by AI semiconductor solutions and infrastructure software."

5.Baird cuts Tesla $Tesla(TSLA.US) price target to $370 (from $440)

• Baird analyst Ben Kallo listed Tesla as a "bearish pick", citing Model Y production halts and demand uncertainty.

• Q1 deliveries may fall below the consensus estimate of 437,500 units, as Musk previously stated that factories are undergoing major upgrades for the new Model Y, impacting short-term output.

• While Baird remains bullish on Tesla's long-term AI prospects, Q1 results may pressure the stock.

6.OpenAI and Oracle $Oracle(ORCL.US) purchase 64,000 NVIDIA $NVIDIA(NVDA.US) GB200 chips

• These chips will be used in the Stargate data center in Texas, with 16,000 chips to be installed this summer and full deployment expected by late 2026.

• The data center is part of a $100 billion joint venture to enhance AI computing capabilities, competing with Meta, CoreWeave, and xAI.

• Additional data centers may be established in Pennsylvania, Wisconsin, Oregon, and Utah.

7.Retail investors 'buy the dip' with ~$3.5 billion in stock purchases this week (JPMorgan data)

• Money market fund assets grew by $51.15 billion, reaching $7.03 trillion (as of March 5).

• Over the past two weeks, more than $110 billion flowed into money market funds, indicating strong risk-off sentiment.

8.Palantir $Palantir Tech(PLTR.US) signs three-year partnership with EYSA

• Palantir will provide its Foundry and AIP platforms to support EYSA's sustainable mobility solutions in Spain and globally.

• This marks Palantir's second international business deal this week, following its partnership with Societe Generale, further solidifying its global market presence.

9.S&P 500 $SPY records third-highest bearish option volume in history yesterday

• This may indicate extreme market caution, though analysis on X suggests that previous spikes in similar volume marked market bottoms.

10.Private equity firm Sycamore Partners acquires Walgreens $Walgreens Boots Alliance(WBA.US) for $10 billion

• The acquisition price of $11.45 per share represents a 29% premium to last year's trading price. • An additional payment of up to $3 per share may be made, bringing the total deal value (including debt) to nearly $24 billion.

• Walgreens' nearly century-long public listing history comes to an end. The company once had a market cap of $100 billion in 2015 but has faced significant challenges in recent years.

• The deal is expected to close in Q4 2025.

11.The S&P 500 Index Committee will announce constituent changes tomorrow, with Robinhood $Robinhood(HOOD.US), Coinbase $Coinbase(COIN.US), and Applovin $AppLovin(APP.US) currently the most likely additions.