$META today:
- $180B out
- Forward P/E @ 19 times
- The first big drop since recovering 500% from 2022 lows
Another 400% up or 50% down from here?

Energy Scoop: BHP Biliton, the world's largest miner, is mulling an exit of its oil and gas business in a deal potentially worth about $15B or more. Thomas Biesheuvel Ruth David
bloomberg.com/news/articles/…

Brace for more declines in stock markets, warns Goldman Sachs tactical specialist Scott Rubner. Why?
- CTAs have more to sell
- Poor liquidity
- Retail demand for calls been faltering

bloomberg.com/news/articles/… via Bloomberg Markets

“We think the UK offers one of the best entry points in its history” -- that's for stocks! bloomberg.com/news/articles/… via Bloomberg Markets

Glencore may consider switching its primary listing from London to New York, analysts at Deutsche Bank AG predicted, in what would be one of the most high-profile exits from the UK exchange to date. bloomberg.com/news/articles/… via Bloomberg Markets Bloomberg Marketsjoe

Insurers face claims of as much as $3 billion: “While the incident still has to be investigated, we believe it has potential to become a significant insurance claim, particularly in the marine market” bloomberg.com/news/articles/… via Bloomberg Joe Easton

Artificial intelligence is set to bring years of biotech stock underperformance to an end, according to a top European fund manager bloomberg.com/news/articles/… via Bloomberg Technology Allegra Catelli

Bargain hunters on the prowl for British companies are finding that UK Plc is no pushover bloomberg.com/news/articles/… via Bloomberg Markets Michael Msika

Melting away...

And, Dogecoin some $18b? And $MSTR owns $14B in bitcoin versus $22B market cap. Was crazier before the ongoing selloff.

The Nasdaq Stock Market Outage: no trades were printed on Nasdaq Global Market between about 4:09 a.m. and 7:03 a.m. in New York bloomberg.com/news/articles/… via Bloomberg Markets $NVDA $AAPL

Last four CPI days, S&P 500:
Nov. 14: +1.9% 📈
Dec. 12: +0.5%📈
Jan. 11: -0.1% 📉
Feb. 13: -1.4%📉
March 12: ???
#inflation

Nvidia's turnover on Friday, off the charts.
>$100 bn
>10% intraday swing and $250b wipeout from top to bottom

$NVDA

Egyptian stocks have risen as much as 16% in three sessions.
bloomberg.com/news/articles/… via Farah ElBahrawy

Europe’s stock exchanges need to turn launches for IPOs into a glitzy day out - “In New York there’s these massive symbols of capitalism — you’re outside the pillars of Wall Street — it’s on films”
bloomberg.com/news/articles/… via Bloomberg Markets Bloomberg Marketsjoe

Concerns about Alphabet’s AI missteps have weighed heavily on the Google-parent’s stock, but a fund manager believes this has created a golden opportunity for investors bloomberg.com/news/articles/… via Bloomberg Technology

Jeremy Hunt wants to revive the UK stock market. One proposal is a British ISA - a special tax-free savings account that incentivizes investing in domestic stocks bloomberg.com/news/articles/… via Bloomberg Politics Lisa Pham Joe Easton

View from Cannon Street station

The UK's become a hotbed for mergers and acquisitions this year, as dealmakers hunt for bargains in the country’s underperforming stock market bloomberg.com/news/articles/… via Bloomberg Markets

AMS-Osram Plunges 45% After Key Project Axed bloomberg.com/news/articles/… via Bloomberg Markets