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Market Moves Yesterday
S&P 500 @ 5,638.94 ( ⬆️ 2.13%)
Nasdaq Composite @ 17,754.09 ( ⬆️ 2.61%)
Bitcoin @ $83,617.32 ( ⬆️ 1.26%)
Hey Scoopers,
Happy Monday! Here’s what we’re covering today:
👉 S&P 500 gains pace on Friday
👉 Gold reaches an all-time high
👉 Klarna files for IPO
So, let’s go 🚀
Market Wrap
Markets rebounded Friday with their best session of 2025, as investors got a reprieve from tariff-related headlines.
The Dow Jones Industrial Average rose 674.62 points (1.65%) to close at 41,488.19, while the S&P 500 climbed 2.13% and the Nasdaq Composite advanced 2.61%.
Tech stocks, which were hammered earlier in the week, led the recovery, with Nvidia jumping more than 5%, Tesla nearly 4%, and Meta Platforms close to 3%. Amazon and Apple also posted gains.
Despite Friday's rally, all three major indexes recorded significant weekly losses:
The Dow fell roughly 3.1%, marking its worst week since March 2023
The S&P 500 dropped more than 2%, posting its fourth consecutive losing week
The Nasdaq also declined more than 2%, extending its correction territory
The market recovery came as no new tariff announcements emerged from the White House, temporarily easing concerns about escalating trade tensions.
Senate Minority Leader Chuck Schumer's statement that he wouldn't block a Republican government funding bill added to the positive sentiment.
However, University of Michigan data released Friday showed consumer confidence has suffered from ongoing tariff-related uncertainty, with sentiment dropping to 57.9 in March, well below economists' expectations of 63.2.
As volatility continues, UBS recommends investors diversify their portfolios geographically and across asset classes, including bonds, gold, and alternatives, to mitigate concentration risks during this period of market uncertainty.
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Trending Stocks 🔥
Rubrik - The data management stock popped over 27% after it posted an adjusted loss of $0.18 per share, narrower than the $0.39 per share loss estimated by analysts. It reported revenue of $258 million, above the consensus estimate of $233 million.
Li Auto - Shares of the Chinese electric vehicle maker fell more than 6% after it posted a decline in Q4 net income. Its deliveries rose 20% in Q4, reflecting the impact of price cuts on its overall revenue.
DocuSign - The electronic signature service company saw shares soar 18% after it beat the top and bottom line estimates.
Gold Prices Surge Past $3k
Gold prices have surged past $3,000 per ounce for the first time, marking a significant milestone in the precious metals’ trading history.
The breakthrough on March 14, 2025, represents a 14% increase since the beginning of the year, following a substantial 27% surge in 2024.
This historic ascent has been fueled by multiple factors, creating a perfect storm in the gold market:
Safe-haven demand amid growing global economic uncertainties
Central bank buying sprees as countries reduce reliance on the US dollar
Geopolitical tensions, including trade disputes initiated by President Trump
Inflation concerns and expectations of interest rate cuts
Financial institutions are rapidly revising their forecasts upward. Goldman Sachs raised their target to $3,100 per ounce by the end of 2025, with the potential to reach $3,300 if policy uncertainty remains high.
UBS adjusted their year-end forecast to $2,900, citing strong central bank buying and retail investor demand.
As gold continues its upward trajectory, analysts predict the current rally may have further room to run, with some projecting gold could surpass $5,000 by 2030.
BNPL Giant Kalrna to Go Public
Klarna, the Swedish buy now, pay later provider, has filed its IPO prospectus to list on the New York Stock Exchange under the ticker symbol KLAR. The company hasn't yet disclosed share numbers or price range.
The U.S. listing represents a significant blow to European exchanges, which have struggled to retain homegrown tech companies.
CEO Sebastian Siemiatkowski had previously indicated a preference for U.S. markets, citing better visibility and regulatory advantages.
Klarna has staged an impressive recovery following a dramatic downturn:
Once valued at $46 billion in a SoftBank-led round
Valuation plummeted 85% to $6.7 billion in 2022
Now estimated around $15 billion after returning to profitability
2023 revenue increased 24% to $2.8 billion
Achieved $181 million adjusted operating profit
After a historically slow period, Klarna joins a small but growing list of tech firms pursuing U.S. IPOs, including CoreWeave, ServiceTitan, and Reddit.
However, market volatility remains a concern, with the Nasdaq recently completing four consecutive weeks of losses amid tariff-related uncertainty.
Founded in 2005, Klarna competes with Affirm, Block's Afterpay, and traditional financial institutions in the installment payment space.
Will Markets Move Lower?
The S&P 500 has declined 6.1% year-to-date as of March 13, 2025, with significant sector divergence.
Defensive sectors are outperforming, led by Healthcare (+4.3%), Utilities (+1.5%), and Consumer Staples (+1.2%), while growth-oriented sectors are struggling significantly. Information Technology (-12.1%) and Consumer Discretionary (-15.6%) have experienced the sharpest declines.
This market correction comes just weeks after Trump's inauguration, with his presidency showing a notably different trajectory compared to his predecessors.
While Obama (2013) and Biden (2021) saw markets gain approximately 10% in their first 200 days, Trump's 2025 term has witnessed an immediate market decline, dropping nearly 10% within the first 50 days.
Historical data suggests bear markets (20%+ declines) are relatively infrequent, occurring every 6.7 years on average.
With the previous bear market ending in October 2022, the current downturn at just 3.1 years from the last one would be faster than the historical average, potentially making consecutive bear markets an unusual occurrence.
Headlines You Can't Miss!
China announces plan to boost consumption
U.S. consumers think inflation will spike in the next 12 months
China’s Baidu launches two AI models
Canada flexes economic muscle amid trade war
Bitcoin might surge to $125k in June
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DISCLAIMER: None of this is financial advice. The newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.