Housekeeping: Good Morning.
“The Gold reset is a process, not an event”
Today
Discussion: Trump Upgrades Green Cards to Gold
Premium: NVDA and The Day Ahead
Discussion:
Trump to Sell Gold Cards
US President Trump said will begin a program to sell 'Trump gold cards' for USD 5mln for foreigners who want to come to the US and create jobs with the sale of gold cards to start in about two weeks.
CLIP…
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News/Analysis:
Markets Recap: Signs of Stagflation Grow
The Nasdaq and the S&P 500 tumbled and the dollar slipped in the face of mounting economic uncertainties. Treasury yields also slipped following a dour consumer confidence report. Oil prices plunged on tariff worries. Profit booking pushed gold prices to their lowest level in over a week.
Market News: NVDA and Concerned Consumers
NVDA: AI chip leader Nvidia is expected to report a jump in fourth-quarter revenue, potentially marking its slowest growth in seven quarters, as it faces tough comparisons.
-NVDA is the market itself. failure here will be the first step in market leadership changing.. which implies stagflationary forces growing
Continues at bottom
Concerned Consumers: Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.
-This is what stagflation fears look like
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“Donald Trump has ordered a probe into copper dumping in the US, laying the groundwork for imports of the metal to be hit with tariffs as the president expands the ambit of his protectionist drive. : FT
Geopolitics/ Politics:
Mediators in Egypt and Qatar with the US administration are reportedly pushing towards the start of negotiations for the second phase of the Gaza agreement", according to Palestinian sources cited by Al-Sharq.
Egypt Investment Minister says the details of the Gaza plan will be decided on the 4th of March.
Israel is said to be pursuing an indefinite extension to the first phase Gaza ceasefire rather than moving to a planned second stage meant to end the conflict, according to FT sources.
Russia's Kremlin says expert-level talks with the US are being prepared; no current plans for a US President Trump/ Russian President Putin call, but may take place if necessary; still interested in implementing economic cooperation in "different" areas.
US President Trump said Ukrainian President Zelensky would like to sign a minerals deal with him, while Trump stated that they have pretty much negotiated their deal on rare earths and would like to get access to Russian rare earths.
Russian Foreign Minister Lavrov says they don't consider the option of European troops deployment in Ukraine.
Taiwan dispatches forces after China announces 'shooting' drills off island, says Taipei defence ministry via AFP
via Newssquawk
Data on Deck: GDP, PCE
MONDAY, FEB. 24 None scheduled
TUESDAY, FEB. 25 S&P Case-Shiller home price index (20 cities)
WEDNESDAY, FEB. 26 New home sales
THURSDAY, FEB. 27 GDP
FRIDAY, FEB. 28 PCE 2.4% 2.6%1
Final Market Check
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