Good evening.
Markets climb to start week, Bitcoin slides below $22k, and Bill Gates says ChatGPT is as significant as the invention of the internet.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Monday to start the week following the S&P 500's worst week of the year.
The stock market has risen 8.19% in 2023, despite experiencing a few dips along the way:
The main focus for investors this week is the inflation report for January, which drops on Tuesday.
The crypto market fell on Monday, with Bitcoin trading below $22,000, amid signs the U.S. is cracking down on the crypto industry.
Catch Up
Microsoft has gained $200 billion in market cap since announcing its $10 billion investment in OpenAI last month.
FOMO is driving markets. Call options activity has jumped to records in 2023, with traders looking to ride the market momentum.
Bill Gates says that A.I. like ChatGPT is as significant as the invention of the internet.
