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Monday, August 11

Noteworthy macro moves today: Gold -1.2%. 

Recent market movements are significantly influenced by upcoming U.S. inflation data, with the Consumer Price Index (CPI) report set for release on August 12. Analysts expect a rise in both headline and core CPI figures, which could impact Federal Reserve interest rate decisions amid growing expectations of multiple rate cuts this year.

In Europe, mixed economic signals have emerged as Italy's annual inflation held steady at 1.7% in July while trade surplus growth fell short of forecasts despite an increase in exports. Additionally, geopolitical tensions surrounding ongoing tariff negotiations between the U.S., China, and Russia continue to create uncertainty that affects investor sentiment across global markets.

Meanwhile, Asian equity indices like Japan’s Nikkei experienced gains amidst optimism over potential progress towards peace talks regarding Ukraine; however, concerns about tariffs impacting commodities such as oil remain prevalent following President Trump's recent policy announcements aimed at increasing agricultural purchases from China to reduce its trade surplus with the United States.

SPDR Gold Shares (GLD) [-1.5%]
The price of gold has experienced a significant decline, marking its largest drop in three months, attributed to uncertainty surrounding U.S. tariff plans on bullion imports. This has resulted in a halt of deliveries by some industry players. Front-month gold futures on the NYMEX have fallen notably, following a period of record highs amid speculation about potential tariffs. Concurrently, geopolitical tensions related to the Ukraine-Russia conflict are influencing market dynamics. Social media discussions reflect a weaker performance for GLD compared to other assets, with observations noting a modest increase relative to stronger gains in related sectors. Additionally, silver prices have also declined, which may be contributing to the movement in GLD, given their historical correlation. Market participants are awaiting economic data that could impact Federal Reserve interest rate decisions, further complicating the landscape for precious metals.

Ethereum (ETH/USD) [-1.7%]
Ethereum's price is currently experiencing a decline, down approximately 1.7%. This follows a recent surge above the $4,000 mark, driven by significant trading activity, including an early investor selling $9.8 million worth of ETH on the Kraken exchange. Concurrently, Bitcoin reached a new all-time high of $122,000 during Asian trading sessions. Social media highlights indicate that Ethereum has achieved its highest level since December 2021, with notable transactions such as Arthur Hayes repurchasing $10.5 million in ETH and an unidentified entity acquiring $1 billion in Ethereum. The Fear & Greed Index has risen from 64 to 70 within a week, reflecting increased bullish sentiment. Additionally, 97% of ETH addresses are reported to be in profit, and Ethereum's market capitalization has surpassed that of Mastercard, positioning it as the 22nd largest asset globally.

MNDY | -15.7% | -1.6B
Monday.Com Ltd | Systems Software
Monday.Com Ltd reported its second-quarter financial results, revealing a net income of $1.57 million and revenues of $299 million, surpassing the estimated $293.54 million. The adjusted earnings per share (EPS) for Q2 stood at $1.09, exceeding the forecast of $0.86. The company also projected third-quarter sales between $311 million and $313 million, slightly above the consensus estimate of $312.95 million. Additionally, Monday.Com raised its full-year 2025 sales guidance to a range of $1.22 billion to $1.23 billion. Despite these positive figures, the company reported a GAAP operating loss of $11.6 million, down from an operating income of $1.8 million in the same quarter last year, resulting in a negative operating margin of 4%. Following the earnings announcement, shares dropped significantly, reflecting a decline of 16% since Friday.

FNMA | +9.6% | +1.2B
Federal National Mortgage Association | Commercial & Residential Mortgage Finance
Billionaire investor Bill Ackman has proposed a merger between Federal National Mortgage Association (FNMA) and Freddie Mac (FMCC), suggesting that such a consolidation could reduce mortgage rates and enhance operational efficiencies. This proposal was reported by Reuters. Concurrently, discussions on social media highlighted significant price movements for FNMA and FMCC stocks, largely attributed to reports of an impending IPO planned by the Trump administration. On August 8th, shares surged following news of the administration's intention to sell stock in these mortgage entities. Conversations included a user’s idea for a combined entity named "The Great American Mortgage Company." Additionally, FNMA's price has reportedly nearly doubled since a tweet in January, reflecting ongoing optimism among investors regarding its potential. Challenges faced by the Trump administration in efforts to end government control over FNMA and FMCC were also mentioned in social media discussions.

MU | +5.3% | +7.3B
Micron Technology Inc | Semiconductors
Micron Technology Inc. has revised its guidance for the fourth quarter of fiscal 2025, now projecting revenue of $11.2 billion, an increase from earlier estimates. The company has also raised its non-GAAP earnings per share forecast to $2.85, up from a prior range of $2.50. Adjusted revenue expectations have shifted to between $11.1 billion and $11.3 billion, surpassing earlier forecasts of $10.4 billion to $11 billion. This updated guidance reflects improved pricing dynamics in DRAM and underscores strong operational execution. Following this announcement, Micron shares experienced a significant increase in premarket trading. On social media, discussions highlighted Micron as a promising AI chip stock, with potential for substantial price appreciation, while noting recent developments from major tech companies that could impact its market position. Additionally, Micron was reported as a top quarterly gainer, closing at $118.89 as of August 8th, with indicators suggesting bullish momentum for the stock.

COIN | +3.3% | +2.6B
Coinbase Global Inc | Financial Exchanges & Data
Coinbase Global Inc shares have risen significantly in premarket trading, up by 5.1%. This movement coincides with a 2.8% increase in Bitcoin prices, which are approaching an all-time high. The surge is further supported by President Trump's executive order permitting cryptocurrencies in Americans' 401(k) plans, a notable shift for digital assets. Social media discussions reflect a positive sentiment, with reports of Coinbase's price increasing overnight and reaching over $334. Users also noted a partnership with JPMorgan, although it was somewhat overshadowed by a recent offering. Additionally, there were mentions of a reversal off the $300 mark. Overall, the sentiment appears mixed, with some expressing optimism about Coinbase while others suggest better prospects for stocks like MicroStrategy and Robinhood. Over the past year, Coinbase's shares have appreciated significantly.

INTC | +2.6% | +2.2B
Intel Corp | Semiconductors
Intel Corp's stock has seen an increase in pre-market trading, attributed to significant developments surrounding CEO Lip-Bu Tan. He is scheduled to meet with President Trump on Monday following Trump's calls for Tan's resignation due to alleged ties with Chinese businesses. This meeting will allow Tan to present his professional background and emphasize Intel's role in U.S. national security. The backdrop includes Intel's recent Q2 2025 revenue of $12.86 billion, which exceeded analyst estimates but fell short of earnings expectations. In contrast, competitors NVIDIA and AMD are experiencing declines amid reports of potential revenue obligations to the U.S. government from their China AI chip sales. Additionally, Micron Technology has reported a notable increase in its stock price following positive guidance for the fourth quarter of fiscal 2025, which may also influence Intel given their historical correlation.

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