Warren Buffett is investing in real estate. The New Zealand dollar has fallen for ten days in a row

Technology stocks rose thanks to a more than 6% rise in NVIDIA Corporation (NVDA) ahead of the chipmaker’s quarterly results due on Wednesday. Nvidia is riding a wave of optimism about artificial intelligence. Shares of Tesla Inc (TSLA) rose more than 6% as investors bought into the electric car maker’s recent stock slump amid a new positive outlook from Wall Street for TSLA. Baird listed Tesla as a “best idea,” noting several favorable factors, including the launch of Cybertruck, wider adoption of self-driving software, and continued growth in the energy business, that could overshadow concerns about margin erosion from recent price declines.

Warren Buffett’s Berkshire Hathaway fund invested in housing, putting $814 million into the shares of 3 homebuilders: Lennar, NVR, and DR Horton. A small bet in the context of Berkshire’s roughly $350 billion equity portfolio, but it speaks to Buffett’s optimism about the housing market in the US, despite its unaffordability today when mortgage rates are near multi-year highs.

Crude oil and gasoline prices stopped rising on Monday and closed moderately lower. Economic malaise in China, the world’s second-largest crude oil consumer, threatens to curb its energy demand and has a bearish effect on prices. On the other hand, oil’s fall is limited by a shortage of global crude oil inventories.

Asian markets were predominantly down yesterday. Japan’s Nikkei 225 (JP225) added 0.37% for the day, China’s FTSE China A50 (CHA50) fell by 1.36%, Hong Kong’s Hang Seng (HK50) lost 1.82% on Monday, and Australia’s S&P/ASX 200 (AU200) ended the day negative by 0.46%.

On Monday, the Nikkei stock index rally reduced demand for the Japanese yen as a safe haven. In addition, the yen is under pressure as data from Bloomberg shows that the Bank of Japan is buying Japanese bonds at a record pace this year as it tries to keep long-term bond yields low as part of its yield curve control program. An update from JP Morgan shows analysts’ interest in the 150 yen per dollar mark as a level that could trigger currency intervention.

The New Zealand dollar is on the verge of the longest losing streak in its history. On Monday, the currency fell for the 10th consecutive day. Such a drop has yet to occur seen since March 2020. If the NZD declines further today, it will be the longest drop in the currency’s history.