📈 Stocks / Finance

Palantir Wins $446 Million Navy Contract

Investing

Palantir secured a $446 million U.S. Navy contract to support submarine production. The firm, valued near $440 billion with 47 percent LTM revenue growth, sees the deal as a potential major program as PLTR shares climb 140 percent year to date.

Oracle Slides After Q2 Revenue Miss Despite AI Backlog Surge

Yahoo Finance

Oracle shares fell over 10% after Q2 revenue hit $16.06B, below the $16.21B forecast, despite EPS jumping to $2.26 and OCI revenue rising 68% to $4.1B. AI driven RPO reached $523B, but rising debt and OpenAI exposure kept bubble worries elevated.

Gold Rises After Fed Delivers Expected Cut

Yahoo Finance

Gold gained after the Fed issued a third straight 25 bp cut to 3.5 to 3.75 percent and signaled uncertainty on future easing. Treasury yields and the dollar fell, boosting bullion. Silver hit a record near 61.95 per ounce amid tight supply and strong sentiment.

🪙 Crypto

Bitcoin and ETH Swing After Fed Cut

The Block

Bitcoin traded between $93,200 and $91,700 and ETH moved within $3,340 to $3,440 after the Fed cut rates to 3.5 to 3.75 and signaled a higher bar for further easing. Futures imply a 40 percent chance of another cut by March as mixed signals drive volatility.

🌎 Global Economy

IMF Presses China to Reduce Export Dependence

ABC News

IMF chief Kristalina Georgieva urged China to correct economic imbalances as its 2025 trade surplus passed $1T, warning export reliance is unsustainable and heightens trade tensions. Weaker domestic demand and a soft yuan continue to reinforce the surplus.

Last Time the Market Was This Expensive, Investors Waited 14 Years to Break Even

In 1999, the S&P 500 peaked. Then it took 14 years to gradually recover by 2013.

Today? Goldman Sachs sounds crazy forecasting 3% returns for 2024 to 2034.

But we’re currently seeing the highest price for the S&P 500 compared to earnings since the dot-com boom.

So, maybe that’s why they’re not alone; Vanguard projects about 5%.

In fact, now just about everything seems priced near all time highs. Equities, gold, crypto, etc.

But billionaires have long diversified a slice of their portfolios with one asset class that is poised to rebound.

It’s post war and contemporary art.

Sounds crazy, but over 70,000 investors have followed suit since 2019—with Masterworks.

You can invest in shares of artworks featuring Banksy, Basquiat, Picasso, and more.

24 exits later, results speak for themselves: net annualized returns like 14.6%, 17.6%, and 17.8%.*

My subscribers can skip the waitlist.

Skip waitlist

_{*Investing involves risk. Past performance is not indicative of future returns. Important Reg A disclosures: masterworks.com/cd.}