Canada and Cryptos Get Crushed in Trump Tariff Trading
One of the biggest lessons I have learned in my decades as a market analyst and my studies of market and economic history is that markets hate tariffs, markets despise tariffs. Tarriffs dump sand in the gears of the global economy and markets hate them. Hopes that Treasury Secretary nominee Bessent could potentially soften rhetoric […]
Nvidia Rebounds Post-Earnings, Bitcoin Rally Continues
After the close last night, Nvidia earnings beat expectations ($0.81 vs street $0.75). Sales and guidance also beat the street. The shares traded 1-3% underwater through aftermarket and early premarket trading but in the last hour or so, they have started to climb and are currently up nearly 2.0% premarket. Boosted by Nvidia’s rebound, US […]
Nikkei 40,000, Bitcoin 65,000, OPEC and Central Banks In the Spotlight
Equity markets continue to steamroll through big round numbers with the latest being the Nikkei reaching the 40,000 level overnight for the first time in decades. Positive momentum from Asia Pacific trading has slowed as Monday progresses. European markets are mixed with the Dax flat and the FTSE down 0.6%. US index futures are trading […]
Stocks Start to Slide While Cryptocurrencies Soar
Equity market momentum continues to change. After finishing last week strong, US indices treaded water for the first two days of this week but now have started to backslide with US index futures falling 0.25% to 0.50% this morning. Overseas, the Dax is up 0.25% but the FTSE is down 0.7% and in Asia Pacific […]