TLDR 

MARKET RECAP → The S&P 500 (VOO) dropped in a volatile session as Trump confirmed tariffs on Canada and Mexico would proceed, while Nvidia reversed gains after its earnings report.

PENDING HOME SALES HIT RECORD LOW → Pending home sales dropped 4.6% to their lowest level since 2001 as high mortgage rates and steep prices kept buyers on the sidelines. 📉 

JOBLESS CLAIMS SPIKE, ECONOMIC JITTERS GROW→ Jobless claims hit 242K, the highest since October, as layoffs rise and economic uncertainty looms. Meanwhile, durable goods orders jumped—go figure. 📉

Was this email forwarded to you? Sign up for free here.

MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Pending Home Sales Hit Record Low

📉 Pending home sales fell 4.6% in January, hitting their lowest level since records began in 2001. High mortgage rates and elevated prices kept buyers sidelined, despite a growing supply of homes on the market.

❄️ Harsh winter weather may have played a role, but regional trends told a mixed story—sales rose in the Northeast but dropped sharply in the South and West. The average 30-year mortgage rate hovered above 7% for all of January, further straining affordability.

🏡 While some sellers cut prices, home values remained higher than a year ago, limiting relief for buyers. Inventory grew 17% year-over-year, but with supply unevenly distributed, hot markets remained tight, keeping demand in check.

TODAY’S TOP NEWS

Jobless Claims Spike, Economic Jitters Grow

📉 Weekly jobless claims jumped to 242,000, surpassing expectations and marking the highest level since October 2024. The increase came amid concerns over economic growth and continued job cuts, particularly in the federal workforce.

⚠️ Washington, D.C. saw a sharp 26% rise in new claims, while some New England states also reported significant spikes. However, declines in Virginia, Maryland, and California suggested the trend hadn’t spread widely—yet.

💰 In contrast, durable goods orders unexpectedly rose 3.1% in January, potentially signaling businesses rushing to make purchases ahead of impending tariff hikes. Meanwhile, GDP growth held steady at 2.3%, with inflation metrics ticking slightly higher.

BULL VS. BEAR

NOTABLE POSTS

MONEYLION MANAGED INVESTING

KEEP READING

Investigation launched after Gene Hackman and his wife found dead (CNBC)

Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China (CNBC)

Stripe’s valuation climbs to $91.5 billion in secondary stock offer (CNBC)

MoneyLion has teamed up with Beast Games to give MoneyLion users a chance at game-changing cash (ML)

Ready to Take 2025 by Storm? (ML)

How to Financially Prosper this Chinese New Year: Year of the Wood Snake (ML)

A MESSAGE FROM OUR PARTNER

WHAT WE’RE WATCHING

OUR FAVORITE TOOLS & RESOURCES

• RiskReversal Media — Expert-led content redefining financial media

• Unusual Whales — Companion for uncovering unusual market activity

• OpenBB — AI-powered research and analytics workspace

• Earnings Hub — Earnings calendar

• Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

• Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

• The Market Ear — Live news, analysis and commentary on what moves markets and trading

• Coinmarketcap.com — Crypto market data

• Finviz — Financial visualizations

• Trading Economics — Economic calendar

• CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

• Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

• ChatGPT — Large language model-based chatbot powered by generative AI

• Vimcal — Lightning-fast calendar and AI scheduling assistant

WE WANT YOUR FEEDBACK

REFERRAL PROGRAM

^{_{Investment advisory services provided by ML Wealth LLC. Investment Accounts Are Not FDIC Insured • No Bank Guarantee • Investments May Lose Value. For important information and disclosures relating to the MoneyLion Investment Account, see Investment FAQs, Form ADV Brochure, and moneylion.com/investing. Funded managed investing accounts are subject to a monthly account fee of $1 (for accounts valued up to $5,000), $3 (for accounts valued over $5,000, and up to $25,000), or $5 (for accounts valued over $25,000).}}

<sup><sub>This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.</sub></sup>