DeepSeeking for Answers: Monday Macro Note and Vision Update

In this Monday Macro note - our team goes 'DeepSeeking' for answers around AI and tech risk in US markets, highlights continued risks, important macro markers this week, and more.

Good Monday evening MacroEdge Readers and Community,

Today we saw a sharp correction in particular semiconductor stocks - notably the MAG7 ‘high flyer’ Nvidia - which fell nearly 20% at the low of the day, while other stocks fared considerably better.

While the 5-minute Colombian trade war added some excitement to the mix, the primary sell was due to the innovations of a Chinese Quantitative Hedge Fund and its open-sourced ‘DeepSeek’ AI platform. The platform drove huge concerns around AI Capex in the United States and demand for Semiconductor products, as it was shown to be a considerably lower-cost alternative to current US platforms and infrastructure.

Remaining ‘macro’ level events this week:

> Mag7 Earnings: Apple, Microsoft, Tesla, Meta

> Semiconductor Earnings: ASML

> Durable Goods Orders
> FOMC Rate Decision and Meeting

> GDP-Adv

> Claims

> PCE Inflation Measures

Concentration Risk