☀️ Market Morning Brief 11-10
Overnight highlights:
① U.S. stocks rebounded strongly on Monday, led by the Nasdaq and semiconductor stocks, while Nvidia fell against the trend.
② Strategy bought another 1,036 bitcoins last week at an average price of $79,012, bringing its holdings to a record 850,000; it spent more than twice as much on preferred-stock buybacks as on bitcoin purchases.
③ Two after-hours earnings reports: Take-Two's net bookings fell short of expectations, but the stock rose after hours; GTA 6 launches next week. MARA's revenue declined, but it posted a large accounting gain and sold bitcoin after the quarter to repay a $750 million loan.
④ Security troubles at South Korean exchanges: Gopax suspended deposits, withdrawals, and trading after receiving a hacker's threat email, and services have yet to resume; Bithumb exposed information belonging to 6,444 customers; South Korean financial authorities launched comprehensive security inspections at more than 580 financial institutions.
⑤ Review of Sunday's flash crash: Bitcoin plunged in 15 minutes, and liquidations across the market topped $1 billion over 24 hours, with longs accounting for 90%.
Today's highlights:
① Tonight at 21:30, the U.S. October CPI will be released. This month, only the month-over-month figure will be published (October data from last year was not collected due to the shutdown, so there is no year-over-year figure). The monthly increase is expected to be around 0.2%–0.3%. This is the final data release before the December rate decision.
② CoreWeave reports third-quarter earnings tonight (with an after-hours conference call, U.S. Eastern Time); revenue is expected to be around $3.5 billion. Anthropic begins its IPO roadshow today and is reportedly seeking to raise $75–100 billion, according to IFR.
③ The list for MSCI's November review will be announced early Thursday morning, revealing whether Strategy stays or goes.
U.S. stocks have caught their breath with a rebound, but the real test comes tonight with CPI and CoreWeave.
$BTC
$MSTR
$CRWV
Overnight highlights:
① U.S. stocks rebounded strongly on Monday, led by the Nasdaq and semiconductor stocks, while Nvidia fell against the trend.
② Strategy bought another 1,036 bitcoins last week at an average price of $79,012, bringing its holdings to a record 850,000; it spent more than twice as much on preferred-stock buybacks as on bitcoin purchases.
③ Two after-hours earnings reports: Take-Two's net bookings fell short of expectations, but the stock rose after hours; GTA 6 launches next week. MARA's revenue declined, but it posted a large accounting gain and sold bitcoin after the quarter to repay a $750 million loan.
④ Security troubles at South Korean exchanges: Gopax suspended deposits, withdrawals, and trading after receiving a hacker's threat email, and services have yet to resume; Bithumb exposed information belonging to 6,444 customers; South Korean financial authorities launched comprehensive security inspections at more than 580 financial institutions.
⑤ Review of Sunday's flash crash: Bitcoin plunged in 15 minutes, and liquidations across the market topped $1 billion over 24 hours, with longs accounting for 90%.
Today's highlights:
① Tonight at 21:30, the U.S. October CPI will be released. This month, only the month-over-month figure will be published (October data from last year was not collected due to the shutdown, so there is no year-over-year figure). The monthly increase is expected to be around 0.2%–0.3%. This is the final data release before the December rate decision.
② CoreWeave reports third-quarter earnings tonight (with an after-hours conference call, U.S. Eastern Time); revenue is expected to be around $3.5 billion. Anthropic begins its IPO roadshow today and is reportedly seeking to raise $75–100 billion, according to IFR.
③ The list for MSCI's November review will be announced early Thursday morning, revealing whether Strategy stays or goes.
U.S. stocks have caught their breath with a rebound, but the real test comes tonight with CPI and CoreWeave.
$BTC
$MSTR
$CRWV