A daily market update from Fundstrat — what you need to know ahead of opening bell

"The only way to discover the limits of the possible is to go beyond them into the impossible." — Arthur C. Clarke

First news

  • Iran keeps saying it doesn't want a wider conflict; well, it might get it now.
  • AI chat bots are finally breaking out of their English-only sandbox.
  • Hewlett Packard gets hacked by the Russians, but not very well.
  • The European Central Bank has reason to believe that social media activity can cause or amplify bank runs.


  • Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers. link
  • Apple's smartphone shipments in China shrank 2.1% in Q423 y-o-y, hurt by intensifying competition from local rivals led by Huawei. link
  • Fed to allow emergency bank lending program to expire on March 11. link
  • ASML shares close at record high after earnings beat expectations, orders pop. link
  • IBM revenue rises 4% amid AI demand. link
  • Argentinian unions stage a mass strike 45 days after presidential election, the earliest in any Argentine government’s term. link




Good morning!

S&P US Flash PMIs move >50. (To be clear, this ...

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