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- Market Faces Key Resistance as Tesla Sinks
Market Faces Key Resistance as Tesla Sinks
5 articles I'm watching carefully
Tyler Dupont
February 10, 2025
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Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Market Faces Key Resistance as Tesla Sinks
The stock market remains volatile, with the Nasdaq falling below its 50-day moving average amid tariff concerns and inflation fears. Tesla hit a 2025 low, down 26% from its December high, while Robinhood, Shopify, and others report earnings this week. The 10-year Treasury yield dipped to 4.48%, and CPI data is due Wednesday.
Nvidia's AI Demand Bolstered by Big Tech CapEx
Despite concerns over DeepSeek's low-cost AI model shaking Wall Street, Nvidia's outlook remains strong as Amazon and Alphabet project increased AI infrastructure spending. Analysts suggest that cheaper training costs will drive broader AI adoption, boosting demand for Nvidia GPUs. Nvidia's earnings are expected to grow 52% annually through FY 2026.
Vanguard Cuts Fees, Pressuring Competitors
Vanguard slashed fees on 168 mutual funds and ETFs, lowering its asset-weighted expense ratio to 0.07%, well below the industry average of 0.44%. The move could spur fee cuts from rivals like BlackRock and Schwab. While Vanguard forfeits $350M in revenue, the cuts align with its low-cost philosophy, reinforcing long-term investor gains.
🪙 Crypto
Ethereum's Market Cycle May Have Peaked
On-chain indicators suggest Ethereum's bull run has ended. The Realized Price-to-Liveliness Ratio (RPLR) and Net Unrealized Profit/Loss (NUPL) both signal a market top, with ETH failing to reach prior cycle highs. The NUPL drop below 0.5 historically confirms bear markets, reinforcing a bearish outlook.
🌎 Global Economy
Trump's Tariff Plan Stokes Global Trade Tensions
Major economies are bracing for potential tariffs as Trump signals sweeping trade measures. The EU, Canada, and Vietnam are assessing countermeasures, while China has announced retaliatory tariffs. Experts warn that unilateral tariff policies could undermine multilateral trade frameworks, escalate costs, and disrupt global supply chain.
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