HAPPY MONDAY TO THE STREET
The ink was barely dry. President Trump announced a new 10% global levy on Friday, after the Supreme Court struck down his “emergency” tariffs. Now, three days later, he’s already bumped it up to 15%, using Section 122 of the 1974 Trade Act. You know what they say: same stuff, different statute.
🟥 | US stocks slumped today following the new tariff threat and a fresh wave of AI fears.
📉 | One Notable Decliner: IBM (IBM) became the latest AI casualty, slumping 13% on fears that Claude Code will disrupt its business.
— Brooks & Cas
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MARKET SNAPSHOT

All Stock Heatmap. Credit: Finviz
PREDICTION MARKET SNAPSHOT
Another leg down for bitcoin. The world’s largest crypto fell as much as 5% after fresh tariff threats, extending a selloff that began after its October high above $125,000.
At time of publication, the token’s price had slumped to around $64,000. How low can it go? Check out how prediction markets are pricing the crypto winter.
Market Movers
BLACKSTONE, CROWDSTRIKE, DOMINO’S
Blackstone (BX) fell after activist funds targeted Blue Owl (OWL) credit vehicles with tender offers, pressuring alternative asset managers.
CrowdStrike (CRWD) and other cybersecurity names were weighed down by AI-related anxiety.
Domino’s Pizza (DPZ) beat Q4 same-store expectations.
DoorDash (DASH) dropped after suspending operations in several cities due to a major East Coast blizzard.
Tomorrow's Trade Idea, Today
CBRE’S CASE OF THE MONDAYS
Stock Spotlight
AI Fears Overdone
UBS upgraded commercial real estate company CBRE after a sharp selloff tied to concerns that AI will reduce office demand.
The bank argues CBRE’s localized, complex real estate advisory work and deep data assets make it resilient to disruption.
In fact, UBS’s new price target sees CBRE’s stock ascending to all-time highs within the next 12 months.
Strong recent guidance and 14% to 19% expected fiscal 2026 growth support the firm’s higher estimates.
UBS believes the stock is pricing in slower growth than fundamentals suggest, creating a rare buying opportunity for the blue-chip stock.
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OVERHEARD ON THE STREET
🏘️ The average 30-year mortgage rate fell to 5.99%, matching its lowest level since 2022.
Above 6.2%: 64%
Above 6.3%: 48%
Above 6.4%: 38%
Above 6.5%: 24%
✈️ US airlines halted a flurry of flights on the East Coast amid sweeping blizzard warnings, as well as in Puerto Vallarta, after cartel leader El Mencho was killed, sparking violence.
🏛️ Senate Democrats introduced a bill to mandate tariff refunds after the Supreme Court struck down Trump duties, potentially costing $175B.
🇪🇺 The EU postponed a vote on its US trade deal after Trump imposed a new 15% global tariff.
💉 Eli Lilly (LLY) launched a multi-dose Zepbound pen offering a month of obesity treatment starting at $299.
FRIDAY’S POLL RESULTS
Are you bullish or bearish on Ulta Beauty (ULTA) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “In today's selfie and social media era, beauty will continue to be idolized!”
🐻 Bearish — “Not that desirable anymore.”
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Market cycles are a reality of the crypto space. For those looking to establish or expand positions at current levels, every basis point saved on fees becomes a competitive advantage.
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