"Nothing good happens below the 200-day moving average."
— Paul Tudor Jones Source: Tavi Costa on X
🚨 GOOGLE SAYS QUANTUM TECH IS JUST 5 YEARS AWAY FROM REAL-WORLD IMPACT
Julian Kelly, Director of Hardware at Google Quantum AI: "We think we're about five years out from a real breakout... a practical application that you can only solve on a quantum computer." Following Google’s December breakthrough in quantum error correction, momentum is building fast. These supercomputers could soon tackle physics problems and generate data beyond the reach of today’s machines. Quantum computing is no longer a far-off dream — it’s becoming a near-term reality. Source: CNBC thru Mario Nawfal
On March 26, the GDPNow model nowcast of real GDP growth in Q1 2025 is -1.8%
The alternative model forecast, which adjusts for imports and exports of gold, is 0.2%. Source: AtlantaFed
Tom Lee: Conference Board shows largest ever plunge in stock expectations, which is a contrarian buy signal
Source: Mike Zaccardi, CFA, CMT 🍖@MikeZaccardi, FundStrat
Is the AI bubble popping right before our eyes?
Microsoft Abandons More Data Center Projects, TD Cowen Says - Bloomberg Source: Bloomberg
I think I already found my chart of the week...
The black line shows Total known Gold ETF Holdings while the brown line represents the Gold spot price. The ETF crew has finally woken up, but paper gold has a long way to go to catch up to physical buyers, who after the 2022 weaponization of the dollar are mostly central banks. Source: zerohedge
Every G20 country has higher average tariff rates than the United States save two
and most countries hide the true costs in expensive barriers like quotas, price controls, labeling requirements, and testing rules. Source: BofA, zerohedge
There’s another S&P 500 target cut — to a new Wall Street low
Another bank has cut its price target, and this time it’s to a new low on Wall Street. Barclays strategists say they’ve lowered their year-end S&P 500 price target to 5,900 from 6,600. That’s the lowest of any firm that’s a U.S. Treasury dealer, though Montreal-based BCA has a 4,450 year-end call. source : marketwatch
