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Low correlations have been one of the dominant features of this bull market.
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<span class="tinyMce-placeholder" style="word-break: break-word;">
Hey Snackers,
</span>
</h1>
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<p style="margin:0;margin-bottom:16px">
While
<strong>
Anthropic
</strong>
might have
<a style="text-decoration: underline; color: #5869ff;">
<strong>
lost the battle with OpenAI for Washington
</strong>
</a>
, it could still
<a style="text-decoration: underline; color: #5869ff;">
<strong>
win the war for AI chatbot app users
</strong>
</a>
. After
<strong>
OpenAI
</strong>
agreed to supply artificial intelligence to the Pentagon on Friday night (in a move that CEO Sam Altman himself acknowledged
<strong>
“
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
looked opportunistic and sloppy
</strong>
</a>
<strong>
”
</strong>
) uninstalls of OpenAI’s ChatGPT mobile app
<a style="text-decoration: underline; color: #5869ff;">
<strong>
jumped 295%
</strong>
</a>
from the day before, whereas Anthropic’s Claude rose to become
<a style="text-decoration: underline; color: #5869ff;">
<strong>
the most downloaded free app on Apple’s US App Store
</strong>
</a>
. But perhaps that will flip with OpenAI’s new
<strong>
“
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
less cringy
</strong>
</a>
<strong>
”
</strong>
model?
</p>
<p style="margin:0">
The S&P 500, Nasdaq 100, and Russell 2000
<a style="text-decoration: underline; color: #5869ff;">
<strong>
all fell on Tuesday
</strong>
</a>
, with every sector trading lower. Stocks pared steeper losses after US President Donald Trump ordered
<a style="text-decoration: underline; color: #5869ff;">
<strong>
immediate action
</strong>
</a>
to improve the flow of oil to global markets, as the US-Iran conflict caused shipments through the Strait of Hormuz to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
slow to a crawl
</strong>
</a>
.
</p>
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<strong>
ALL TOGETHER
</strong>
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
War has pushed global markets into the danger zone
</strong>
</a>
</h1>
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<p style="margin:0">
Low correlations have been
<a style="text-decoration: underline; color: #5869ff;">
<strong>
one of the dominant features
</strong>
</a>
<strong>
</strong>
of this bull market.
</p>
</div>
</td>
</tr>
</table>
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<tr>
<td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
That is, the S&P 500’s heavyweights have
<a style="text-decoration: underline; color: #5869ff;">
<strong>
tended to march to the beat of their own drummers
</strong>
</a>
, despite seemingly having a common critical success factor (whether their AI spending binges will pay off).
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Low correlations help tamp down volatility at the index level — when one stock is down, another’s up. When volatility is suppressed, there are fewer scary daily drawdowns that inspire panic and send the index screaming even lower.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Tuesday’s rout was the most meaningful challenge to the low-correlation environment that’s been reestablished over the past few months. And that’s not only true for what’s within the stock market, but also between different asset classes.
</li>
</ul>
</div>
</td>
</tr>
</table>
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<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
There was nowhere to hide (except the US dollar, really). It looked like it would be the first session since February 27, 2025, in which the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
SPDR S&P 500 ETF (SPY)
</strong>
</a>
, the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
SPDR Gold ETF
</strong>
</a>
, and the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
iShares Bitcoin Trust
</strong>
</a>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
were all down at least 1%
</strong>
</a>
while the
<a style="text-decoration: underline; color: #5869ff;">
<strong>
iShares 20+ Year Treasury Bond ETF
</strong>
</a>
was also negative. After Trump’s last-minute promise to escort oil tankers through the strait, SPY pared losses to end just 0.89% down, barely rising above the line to join this inauspicious group.
</p>
</div>
</td>
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</td>
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</table>
</td>
</tr>
</tbody>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
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<td class="pad" style="padding-bottom:10px">
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<p style="margin:0;margin-bottom:16px">
There have been only four previous sessions with this correlation since the iShares Bitcoin Trust’s inception in early 2024. One-month correlations — the extent to which the S&P 500’s constituents are expected to move in the same direction, derived from options prices — spiked, and hit their highest close since November 21.
</p>
<p style="margin:0">
Even if one ETF, SPY, managed to break out, it was a photo finish and it doesn’t change the underlying trend that, for the first time in a long time, the entire market was pretty much in the same boat.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Bad news: the boat ain’t doing great
</strong>
</a>
.
</p>
</div>
</td>
</tr>
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Read more
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<td class="pad" style="text-align:left">
<div align="left" class="alignment">
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
MEMORY LOSS
</strong>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
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<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
When a parabolic trade ends, the question is not whether it goes quietly, but rather how big is the impact crater?
</strong>
</a>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Memory stocks, the hottest pocket of the US stock market in recent months,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
got smoked yesterday
</strong>
</a>
.
<strong>
</strong>
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Micron
</strong>
</a>
and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Sandisk
</strong>
</a>
each fell about 8%,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Western Digital
</strong>
</a>
<strong>
</strong>
was down 7%, and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Seagate
</strong>
</a>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Technology
</strong>
</a>
was off nearly 6%. Things started off bad — by 6:35 a.m. ET, Micron and Sandisk had traded more dollar volume than any US stock outside of
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Nvidia
</strong>
</a>
— which was an early signal of the highly motivated selling of these high-flying stocks.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
The steep losses were linked to an ugly reopening for South Korean markets, home to high-bandwidth memory giants
<strong>
SK Hynix
</strong>
and
<strong>
Samsung
</strong>
, which tumbled 11.5% and 9.9%, respectively, in local markets on Tuesday.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
South Korean markets were closed for a holiday on Monday, so this marked the first time traders were able to
<a style="text-decoration: underline; color: #5869ff;">
<strong>
react to the US and Israeli strikes against Iran
</strong>
</a>
, which brings with it the threat of a prolonged disruption to energy markets. Such an outcome would be particularly challenging to South Korea, a major energy importer.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Foreign investors led the rout, pulling roughly $3.7 billion on net from stocks listed on the Korean Composite Stock Price Index, per
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Bloomberg
</strong>
</a>
. Retail traders in the East Asian country (dubbed “ants”) who have
<a style="text-decoration: underline; color: #5869ff;">
<strong>
an affinity for leveraged products
</strong>
</a>
are reportedly buying the dip in a similar size.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Memory stocks had been the investing world’s
<a style="text-decoration: underline; color: #5869ff;">
<strong>
favorite way to play the AI trade
</strong>
</a>
<strong>
</strong>
in recent months, as the outlook for a prolonged supply/demand imbalance sent prices of their offerings soaring. This dynamic prompted furious upward revisions to earnings and sales estimates for the cohort, which trade at modest valuations relative to most of the tech universe.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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<td class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
There may be some industry-specific chatter accentuating the losses, but at its core, this is just
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a parabolic trend breaking in the face of unexpected negative news
</strong>
</a>
.
</p>
<p style="margin:0">
As the fourth of famed Wall Street investment strategist Bob Farrell’s “10
<a style="text-decoration: underline; color: #5869ff;">
<strong>
rules
</strong>
</a>
<strong>
</strong>
for investing” dictates: “Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.”
</p>
</div>
</td>
</tr>
</table>
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Read more
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
THE BEST THING WE READ TODAY
</strong>
</span>
</span>
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<a style="text-decoration: underline; color: #5869ff;">
<strong>
First there was the pivot to bitcoin — now there’s the pivot away
</strong>
</a>
</h1>
</td>
</tr>
</table>
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<p style="margin:0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Core Scientific
</strong>
</a>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
announced
</strong>
</a>
in its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
earnings
</strong>
</a>
call this week that it sold over 1,900
<a style="text-decoration: underline; color: #5869ff;">
<strong>
bitcoin
</strong>
</a>
for $175 million in January, and may sell the rest of its stash as it shifts focus to AI and colocation growth. And it’s not alone: former bitcoin miner
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Bitdeer
</strong>
</a>
made a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
similar move
</strong>
</a>
in late February, and more miners are making
<a style="text-decoration: underline; color: #5869ff;">
<strong>
pivots to AI
</strong>
</a>
as mining economics “have gone from bad to worse.”
</p>
</div>
</td>
</tr>
</table>
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</div>
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</table>
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<strong>
Snacks Shots
</strong>
</h1>
</td>
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<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
🏏
<strong>
T20:
</strong>
We are heading into the knockout round of the 2026 Men’s T20 World Cup, the worldwide cricket competition, with just four teams remaining.
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
India is currently the favorite
</strong>
</a>
, with prediction markets* pricing in a 45% chance it wins the cup, which would require dispatching the United Kingdom tomorrow. Today’s action has South Africa (which is priced at a 29% chance of winning it all) taking on New Zealand (13%) in the semifinal.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<strong>
⛽ Gasoline:
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Geopolitical tensions around the shipping corridor
</strong>
</a>
<strong>
</strong>
through which a fifth of oil consumed globally passes has traders expecting gas prices to surge. According to AAA, gas cost an average of $3.11 nationwide as of Tuesday.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Prediction markets are pricing a 63% chance
</strong>
</a>
gas prices finish the month above $3.40, a 49% chance they finish March above $3.50, and even a 27% chance they close the month above $3.70.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
</p>
</div>
</td>
</tr>
</table>
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<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-10" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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<td class="pad" style="padding-bottom:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Tesla
</strong>
</a>
CEO Elon Musk said in January that we’d “see the amount of autonomy increase dramatically, I think, every month,” so now that we’re in March,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
we checked in on that claim
</strong>
</a>
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Meanwhile, despite its catchy jingle,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
fewer people got in the zone
</strong>
</a>
of
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AutoZone
</strong>
</a>
than expected
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Nvidia
</strong>
</a>
and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AMD
</strong>
</a>
suffered amid reports the US government is considering
<a style="text-decoration: underline; color: #5869ff;">
<strong>
capping AI chip sales
</strong>
</a>
for Chinese buyers
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-11" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:25px;padding-top:25px">
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<tr>
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<span style="word-break: break-word;">
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</td>
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</table>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-12" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto;background-color:#5869ff;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px;vertical-align:top" width="100%">
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<h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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<td class="pad" style="padding-bottom:10px;padding-left:40px;padding-right:40px;padding-top:10px">
<div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
<p style="margin:0">
<a style="text-decoration: underline; color: #ffffff;">
<strong>
Paramount said its merger with Warner Bros. Discovery would create an entity with $79 billion in net debt.
</strong>
</a>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<tbody>
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<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Wednesday
</span>
</h1>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
February ADP Nonfarm Employment Change, February ISM Services PMI
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Earnings expected from
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Broadcom
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Rigetti
</strong>
</a>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Computing
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Abercrombie & Fitch
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Veeva
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Okta
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Webull
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
American Eagle Outfitters
</strong>
</a>
, and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Cracker Barrel
</strong>
</a>
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
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2 days, 19 hours ago - hello@snacks.robinhood.com
Low correlations have been one of the dominant features of this bull market. Hey Snackers, While ...