EQUITIES: U.S. Indices Off Lows As DeepSeek AI Provides Low Accuracy Score
Jan-29 15:06
E-minis finding a bit of a base as RTRS reports that “Chinese AI startup DeepSeek's chatbot achieved only 17% accuracy in delivering news and information in a NewsGuard audit that ranked it tenth out of eleven in a comparison with its Western competitors.”
- NASDAQ 100 futures ~40 points off lows, but still ~45 points lower on the day.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI: US NAR NOV PENDING HOME SALES INDEX 79 V 77.3 IN OCT
Dec-30 15:00
- MNI: US NAR NOV PENDING HOME SALES INDEX 79 V 77.3 IN OCT
- US NAR NOV PENDING HOME SALES +2.2% MOM; +6.9% YOY
US DATA: MNI Chicago Report™: Most Plan Rise In Inventory Due To Strike Risk
Dec-30 14:51
The Chicago Report™ also asked firms in December “Have you put any contingency plans in place in the event of a further port worker strikes?” Of the respondents that answered:
- Almost half (48%) were looking to increase inventories of raw materials.
- A third (33%) expressed plans to increase finished goods inventory.
- Only 10% selected plans to increase production.
- Again none planned to increase employment levels and 24% selected “Other”.
US TSYS: Post-Chicago Business Barometer™ React
Dec-30 14:50
- Treasury futures extend a little higher after lower than expected Chicago PMI for December. The Mar'25 10Y futures contract trades 108-29.5 last (+15.5), still well below technical resistance at 110-03.5 (20-day EMA).
- Curves still mixed: 2s10s -.453 at 28.839, 5s30s +2.856 at 38.263. Tsy 10Y yield -.0766 at 4.5487.
