Welcome to Markets Desk, your midday read on what's moving money and markets.
Nike is trading below where it stood a decade ago, but there may be a turn in the road. North America sell-through grew across all channels in February for the first time in two years, a meaningful signal heading into earnings. Whether that momentum holds is the question every investor is sitting with right now.
Shifting to monetary policy, Kevin Warsh held his first press conference as Federal Reserve chair and leaned heavily on one phrase: a task force is looking into it. That language, applied to question after question, effectively signals the Fed is in no rush to move rates. Markets are now pricing in that the first adjustment may not come until December.
And in the artificial intelligence memory space, if you missed the initial rally, analysts are pointing to names like Rambus as opportunities still in early innings. Rambus licenses intellectual property to the top memory manufacturers, positioning it as a quieter but potentially durable beneficiary of the AI infrastructure buildout without the volatility of the hardware names.
That's the tape. Markets Desk, signing off the floor.
