MRKT Call

Tech Shares Tumble As Market Rotation Continues


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MRKT Matrix - Monday, January 13th

  • Dow rises, Nasdaq falls on Monday as investors rotate out of tech shares (CNBC)
  • Morgan Stanley’s Wilson Sees Big Gap in Profits on Strong Dollar (Bloomberg)
  • Trump’s New Economist Makes the Case for 20% Tariffs (WSJ)
  • Jamie Dimon Says Tariffs Can Help Resolve Competition, Security Issues (Bloomberg)
  • China’s Trade Surplus Reaches a Record of Nearly $1 Trillion (NYT)
  • Americans Are Tipping Less Than They Have in Years (WSJ)
  • Biden’s administration proposes new rules on exporting AI chips, provoking an industry pushback (AP)
  • Nvidia’s Top Customers Face Delays From Glitchy AI Chip Racks (The Information)
  • iPhone Sales Drop 5% in Holiday Quarter After AI Disappoints (Bloomberg)
  • Moderna stock plunges 20% after company lowers 2025 sales forecast by $1 billion (CNBC)

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