🐋 #DeepSeek Doomsday for Big Tech

Nasdaq fell 3.07%, and Nvidia plunged 16.86%—its worst drop since 2020. 

The reason? Chinese chatbot DeepSeek, built for just $5.6M, outshining Big Tech’s billion-dollar AI investments. 

UBS and Deutsche Bank are calling it a “dot-com bubble 2.0,” though some analysts still believe in AI’s long-game 

🏘️ #USHousing Hits a Wall

Home prices are sky-high, mortgage rates hit 7.11%, and new homes gather dust despite discounts. Meanwhile, the resale market is booming. 

Analysts warn: too many unsold homes could lead to an industry crisis.

💻 📱Trump’s Tariffs = Pricier Tech

New tariffs on imports from China, Mexico, and Canada could drive up electronics prices—smartphones by 26% and laptops by 45%. 

Trump’s plan to close China’s Mexico loophole might make things even worse.

🔻 #Vale Takes a Hit

Shares of Brazil’s Vale hit their lowest point since 2020, shedding $17B in value. 

Falling Chinese demand for ore is the main culprit, but JPMorgan still backs Vale, citing strong fundamentals and currency advantages.