Investment Review №341. The Obvious and the Unbelievable

11.03.2026 — 6775

• The CPI print offered limited market support, as it appeared somewhat delayed. February core CPI registered 2.4% YoY, versus consensus of 2.5%

 

13.03.2026 — 6632

• U.S. Q4 GDP was revised down 70bps from 1.4% to 0.7%, primarily driven by weaker consumption and inventory data, as well as a deterioration in net exports

 

17.03.2026 — 6716

• At the JP Morgan conference, airlines shared their industry outlook. U.S. air travel demand remains very strong, but a sharp rise in fuel costs has added hundreds of millions of dollars in sector expenses

 

18.03.2026 — 6624

• Micron Technology (MU) delivered a blockbuster 2Q26, beating consensus across the board by a wide margin and providing robust 3Q26 guidance
• The Fed left rates unchanged, as widely expected. The statement noted that economic activity is expanding steadily, inflation remains somewhat elevated, and the economic impact of recent Middle East events is described as uncertain

 

19.03.2026 — 6606

• Nvidia’s GTC 2026 conference, held March 16–19, showcased an impressive range of innovations and highlighted the company’s aggressive expansion in the AI-model processing market