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

Macro - Q4 GDP growth was reported at 1.4%, significantly below the estimated 2.8%, primarily attributed to the government shutdown [1] - Full-year 2025 GDP growth decreased to 2.2%, down from 2.4% the previous year [1] - Core PCE inflation remained steady at 3%, indicating that the Federal Reserve's monetary policy remains constrained [1] - Kashkari mentioned that interest rates are "pretty close to neutral" and described cryptocurrency as "utterly useless" [1] Geopolitical - The U.S. has established its largest air power presence in the Middle East since the 2003 Iraq invasion, according to the Wall Street Journal [2] - Ongoing negotiations regarding Iran's nuclear program remain uncertain [2] - Oil prices are currently around $66.50, contributing to gold prices being above $5,000 and defense stocks reaching new highs [2]