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- 🥵 Hot State, Cold Feet
🥵 Hot State, Cold Feet
Plus, what's widening EU bonds?

Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet.
I’m really having to resist the urge to overuse our newsletter platform’s new ticker tool. They have a way of classing up even the most mundane story.
For example, yesterday on my lunch break, while scrolling Instagram META ( ▲ 1.29% ) and smashing a Hot Pocket NSRGY ( ▼ 1.46% ) , it occurred to me that, worst case scenario, WWIII could be a catalyst for Nerf HAS ( ▼ 1.53% ) sales.
See? With these at my disposal, even the most idiotic thought can sound like solid market analysis.
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Market Review:
Wall Street had a volatile week, marked by trade policy concerns and mixed economic data. The S&P 500 made a modest recovery on Friday, rising 0.6%, but still faced its worst week in months, down over 2%.
The Dow and Nasdaq Composite also rose on the final day of the week, but the latter remained in correction territory, falling more than 3% for the week.
A weaker-than-expected February jobs report fueled worries about economic slowdown, briefly pushing Treasury yields lower. President Trump’s shifting tariff plans added to market uncertainty, with investors uncertain about the long-term impact on growth and inflation.
Market Preview:
Next week on Wall Street will get off to a slow start, with no reports scheduled on Monday. But things will pick up on Tuesday, when the NFIB optimism index and January job openings will be released.
Wednesday will be a big one, bringing key inflation data in the form of February's Consumer Price Index (CPI), along with Core CPI and the monthly US federal budget. On Thursday, we’ll get another inflation print, February’s Producer Price Index (PPI), as well as the weekly update on the number of Americans filing for unemployment.
Finally, on Friday, the preliminary March Consumer Sentiment report is due. This past month, waning consumer confidence weighed heavy on the markets, so investors will be watching closely to see if the pessimistic outlook continues.
Did the price of your coffee go up? Here are the latest YTD commodity returns thru 2/28/25.
— Arbor Data Science (@DataArbor)
11:30 AM • Mar 3, 2025
Yeah, that checks out.
The drink I’m sipping as I write this cost me a cool $10.
And the worst part is, they didn’t even get my order right.
Who orders a Chai latte on a Friday morning?
When the weekend is 8 hours away, it’s nitro cold brew or bust.
How serious has this selloff been. The Mag 7 has collectively fallen below its 200 day moving average for the first time in over two years. Quite the run. Chart courtesy of @johnauthers
— Scarlett's Grandpa (@KASDad)
12:39 PM • Mar 7, 2025
Glass-quarter-full perspective:
How serious has that two-year rally been? 🙃
Nationwide, 14% of home sales were canceled in January, the highest share during this time of year on record.
Florida's housing market is cooling due to the increasing frequency of natural disasters and soaring home insurance and HOA fees 👉 bit.ly/41DiDzI
— Redfin (@Redfin)
6:08 PM • Mar 3, 2025
I wonder if this has anything to do with the weather.
After the January we just had, I was seriously considering buying a home in Florida, too.
But I’m a bit more bearish on the idea now that it’s 50° and sunny. 🌞
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After 14 consecutive monthly increases, small business payroll growth turned negative in February per @ADP
— Liz Ann Sonders (@LizAnnSonders)
10:55 AM • Mar 6, 2025
This won’t capture headlines quite like layoffs at a mega-cap — but it’s worth paying attention to.
According to University of Chicago’s Professor Ufuk Akcigit, who developed a similar small business payroll index for Intuit INTU ( ▲ 1.2% ) , “Wherever things are going, it's typically visible among small business."
(That index also went negative last month.)
The big gobs of money in the world are speaking pretty loudly right now:
“The US market is safe and our money will be there. If UK and Europe want to support an ongoing conflict between Ukraine and Russia they can borrow from us to do so but they will have to pay for it via… x.com/i/web/status/1…
— Chamath Palihapitiya (@chamath)
5:21 PM • Mar 5, 2025
What’s widening EU bonds?
Are investors concerned about Europe’s growing debt load as the US steps away from financing Ukraine’s defense against Russia?
Or is issuance poised to surge as Europe bulks up its own defense capabilities and distances itself from American manufacturing amid tariff threats?
I’m not sure. I’m more stuck on this little tidbit from the comments section:
Costco COST ( ▼ 0.42% ) alone is bigger than all the scaled European companies founded in the last 50 years — combined.
QUESTION
Which of the following CANNOT be bought at Costco (COST)?Not yet, anyway... |
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