Growing Trade War, Positive Payrolls and Powell In Focus
Stocks and commodities have been under heavy selling pressure overnight on fears that this week’s Trump Tariffs may have ignited a global trade war. Overnight, China responded with 34% tariff on all US goods it imports. This news particularly impacted Australia as its stock market fell 2.4% and the Australian Dollar plunged 3.6%. Commodities have […]
Trump Tariffs Crush World Markets
Although President Trump has been threatening to increase tariffs for months and has been talking about yesterday’s “Liberation Day” round of new tariffs for weeks, which included a 10% baseline tariff plus reciprocal tariffs against pretty much everyone except for Canada and Mexico, some people still appear to have been caught off guard. Stocks and […]
Shaky Start to a Big Week for World Markets
The first day of the new trading week, which is also the last trading day of the month and the quarter, finds stock markets around the world under heavy selling pressure. Overnight, the Nikkei plunged 4.0%, while the Hang Seng fell 1.3%. European trading finds the Dax and CAC both down 2.0%, with the FTSE […]
New High For Gold as Confession Season Approaches
Uncertainty over the impact of tariffs on economies around the world, particularly North America, continues to impact investor sentiment as President Trump’s April 2 “Liberation Day” approaches. In a sign of investors becoming increasingly cautious, Gold has broken out to a new all time high today climbing above $3,100/oz for the first time ever. Silver, […]
Stock Rally Stalls as Trump Tariff Threats Increase
A two-day rally in stocks appears to be winding down this morning as US index futures are trading up 0.1%-0.2% after US indices soared 1.4% to 2.3% yesterday. Speculation that President Trump may scale back on his “Liberation Day” plan to introduce widespread reciprocal tariffs starting April 2 has faded. Instead of standing down like […]
Stocks Rally on Softer Tariff Speculation
The twists and turns of tariff talks which change from day to day and sometimes even hour to hour have had markets on a roller coaster ride for weeks now. President Trump has been going around calling April 2, the day he plans to roll out reciprocal tariffs against pretty much everyone, “Liberation Day”. Meanwhile, […]
Trade War Fears Drag Markets Down
SIA Wealth Morning Minutes will not be issued tomorrow, it will return on Wednesday March 12th. Amid ongoing uncertainty over the potential impact of tariffs and trade wars on the global economy investor sentiment continues to shift from enthusiasm to caution. Bitcoin, a proxy for investor confidence, is down 3.9% and trading in the low […]
Trump Talks Tonight as Tariff War Begins
The long threatened 25% US tariffs against Canada and Mexico and 10% tariffs against Canadian Energy and China began at midnight this morning. The announcement yesterday, which sent US indices down 1.5% to 2.6%, has continued to impact stocks around the world overnight. Tokyo fell 1.2%, and European trading this morning finds Frankfurt down 2.4%, […]
March Starts Strong Led By Crypto Recovery
Last week’s uncertainty and caution has quickly gone by the wayside as bulls have roared back to life to kick off March. President Trump’s announcement of a Strategic Cryptocurrency Reserve has lit a fire under the cryptocurrency market. Bitcoin has rallied from just above $80,000 to above $92,500, currently up about 10.6%. The prospect of […]
Stock Selloff Continued Overseas Overnight
The last trading day of February finds stocks trying to stabilize following yesterday’s selloff that saw the Dow lose 0.4%, the S&P fall 1.6% and the NASDAQ drop 2.8%. Today finds NASDAQ futures flat and Dow futures up 0.4%. Chipmaker Nvidia which plunged 8.5% yesterday post-earnings remains under pressure, however, down another 1.8% premarket. Asia […]