--- title: "20250306 Review: Watching the non-farm payroll data tonight." type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/27912740.md" description: "Comprehensive review of the previous day's market information: 1. President Trump signed an executive order to establish a strategic Bitcoin reserve • Trump signed an executive order to create a strategic $Grayscale Bitcoin Mini Trust ETF(BTC.US) Bitcoin reserve, with an 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 holding Bitcoin as a store of value to avoid past losses of $17 billion incurred by premature sales..." datetime: "2025-03-07T15:15:57.000Z" locales: - [en](https://longbridge.com/en/topics/27912740.md) - [zh-CN](https://longbridge.com/zh-CN/topics/27912740.md) - [zh-HK](https://longbridge.com/zh-HK/topics/27912740.md) author: "[宇说自由](https://longbridge.com/en/profiles/9802524.md)" --- # 20250306 Review: Watching the non-farm payroll data tonight. **Comprehensive review of the previous day's market information:** 1.**President Trump signs executive order to establish strategic Bitcoin reserve** • Trump signed an executive order to create a strategic **$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.** ### Related Stocks - [DJT.US](https://longbridge.com/en/quote/DJT.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [DJTWW.US](https://longbridge.com/en/quote/DJTWW.US.md)