🇷🇴 Romanian teams just made history
They swept the top 4 places at the World Robotics Championship in the USA:
• 1st: Velocity Robotics Team (Brăila)
• 2nd: Hearts of RoBots (Buzău)
• 3rd: Quantum Robotics (București)
• 4th: AI Citizens (Focșani)
Absolute domination. Romania is proud! 🚀
BREAKING: March PCE inflation, the Fed's preferred inflation measure, rises to 3.5%, the highest since August 2023.
Core PCE inflation rises to 3.2%, the highest since November 2023.
In the first month of the Iran War, US inflation hit a 3-year high.
April's data will be interesting.
Key Events This Week:
1. US Markets React to Cancellation of US-Iran Talks - 6 PM ET Today
2. April Consumer Confidence data - Tuesday
3. April Fed Interest Rate Decision and Statement - Wednesday
4. Microsoft, Amazon, Meta, Google Report Earnings - Wednesday
5. Apple Reports Earnings - Thursday
6. US Q1 2026 GDP Data - Thursday
7. March PCE Inflation data - Thursday
8. ~20% of S&P 500 companies report earnings this week
Buckle up for a highly eventful week ahead.
Weekly Recap
1) SEC approves Nasdaq rule to allow tokenized stocks & securities trading.
2) Senators reach deal with White House to resolve crypto stablecoin yield dispute with banks.
3) SEC and CFTC issue joint guidance confirming "most crypto assets" are not securities.
4) PayPal officially enables stablecoin access in 70 countries.
5) SEC Chair Paul Atkins says "crypto markets and the millions of Americans who participate in them deserve long-overdue clarity."
6) CFTC Chair Mike Selig says crypto will power the "new frontier of finance" as markets "move on chain."
7) SEC Chair Paul Atkins says he's eliminating impractical rules to "advance, clarify, and transform" financial markets.
8) US national debt reaches new all-time high of $39 trillion.
9) Elon Musk's xAI recruiting Wall Street bankers, portfolio managers, and traders to train Grok on financial modeling.
10) Fed Chair Jerome Powell warns rising energy prices from US-Israeli war with Iran will drive inflation higher.
🚨POWELL IS IN A BIG TROUBLE NOW.
Just now, US CPI and Core CPI data got released.
CPI came in at 2.4% vs. 2.5% expected, while Core CPI came in at 2.5% vs. 2.5% expected.
The US CPI is now at its lowest level since April 2025, right before when tariffs were imposed.
Core CPI is at its lowest level in almost 5 years, when the entire US economy was in lockdown.
This means, despite the Fed's claims of inflation heating up, it's trending lower.
Meanwhile, the other aspect of the US economy is breaking.
The labor market is getting worse.
Credit card delinquencies are rising.
Corporate bankruptcies are hitting 2008 crisis levels.
This is a clear sign that the Fed has committed a huge policy mistake.
The Fed has been hawkish for longer than expected, which is harming the US economy.
In 2020-21, they remained dovish longer than expected, which caused inflation to spike.
This time, the real risk is deflation, which is far worse than inflation.
With each passing day, it feels like Trump's comments around "Too Late Powell" are true.
U.S. JAN CPI YEAR-OVER-YEAR +2.4% (CONSENSUS +2.5%)
U.S. JAN CPI +0.2% (CONSENSUS +0.3%)
U.S. JAN CPI +0.2% (CONSENSUS +0.3%) , EXFOOD/ENERGY +0.3% (CONSENSUS +0.3%)