Supreme Court Struck Down Trump's Tariffs - And Nvidia Earnings Playbook

THE RUNDOWNMACRO › Q4 GDP came in at 1.4%, well below the 2.8% estimate. The government shutdown gets most of the blame. Full-year 2025 GDP grew 2.2%, down from 2.4% the year before. Core PCE inflation held at 3%, which keeps the Fed stuck. Kashkari said Thursday that rates are “pretty close to neutral,” but also called crypto “utterly useless,” which was a fun bonus.GEOPOLITICAL › The U.S. has assembled its largest air power presence in the Middle East since the 2003 Iraq invasion, per the WSJ. Iran nuclea ...