Masayoshi Son, renowned for his appreciation of analogical numbers, has committed to investing $100 billion in the U.S. while creating 100,000 jobs. President Trump noted that in 2016, many were eager to oppose him, but this time around, everyone seems keen to befriend him.
This investment announcement, combined with positive market momentum, has propelled U.S. equities to new record highs, with the E-mini reaching 6,154 and Nasdaq March 24 futures hitting 22,408. A pressing question remains: how will Jay Powell manage to sustain this strong rally while stand on a hawkish stance regarding future rate cuts?
In contrast, China and Hong Kong experienced declines following disappointing retail sales data, which showed a growth of only 3.0%, falling short of the expected 4.6%. The Hang Seng Index (HSI) December futures traded as low as 19,704 during U.S. hours, highlighting the urgent need for a robust demand boost from the government. Yet when will the market price bad data to being good data?
Meanwhile, cryptocurrencies continue to surge forward, with Bitcoin reaching an all-time high of over $106,000 and Ethereum fluctuating around $4,000. Hyperliquid is trading at $28, and Animoca’s Moca coin soared to $0.40—an impressive 480% increase following its listing on Upbit in Korea.