
In today’s pre-mkt summary for Subscribers: We expect equities to continue their record advance, given stronger than expected tech earnings and President Trump’s likely nomination this week of Rick Rieder, Blackrock’s global fixed income CIO as the next Fed chair. We expect no change in rates today after the Fed’s two-day meeting. This morning, $ASML(ASML.US) which manufactures the lithography machines that make AI chips posted 4Q orders that were nearly double analyst estimates and provided strong 2026 guidance, propelling stocks to new highs. Tonight after the close, we expect $Tesla(TSLA.US) to miss 4Q earnings estimates but for investors to focus instead on Elon’s comments on the call on when safety monitors will be removed from robotaxis, which would be a clear catalyst for TSLA to scale robotaxis to new markets beyond Austin and the Bay Area. Both $Meta Platforms(META.US) and $Microsoft(MSFT.US) also report earnings tonight. $Apple(AAPL.US) reports earnings tomorrow night.
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