[Chart courtesy of MarketWatch.com] The markets received a significant boost this morning from Trump, who softened his stance on Fed Chair Powell and China tariffs—two topics that had recently caused market turmoil. First, he indicated that he does not plan to remove Powell from his position as Central Bank leader. Second, he expressed a willingness to adopt a less confrontational …
Gold Surges As Stocks, Dollar, And Treasuries Slump
[Chart courtesy of MarketWatch.com] Equities began the week sharply lower due to ongoing uncertainty in global trade talks. Adding to the market’s woes was President Trump’s criticism of Fed Chair Powell, who remains committed to high interest rate policies. Some traders view Trump’s attacks as a threat to the Fed’s independence, while others criticize his delayed responses, such as calling …
Major Indexes Close Week Down; Bitcoin Poised For Potential Surge
[Chart courtesy of MarketWatch.com] An early bounce quickly faded, leading equities to slip into the red on the last trading day of the week. The S&P 500 was the exception, managing to eke out a fractional gain. The Dow suffered the most, primarily due to United Health (UNH) plummeting by 22% at one point after missing earnings expectations. Chipmaker Nvidia …
Gold Shines Amid Market Turmoil, Hits Record High
[Chart courtesy of MarketWatch.com] Nvidia impacted the global tech market this morning by announcing a $5.5 billion quarterly charge related to its graphics processing units sold to China and other nations. The stock dropped approximately 7% on the news, losing $270 billion in market cap. Other chipmakers followed suit, moving lower. Big tech also felt the pressure, with the Mag7 …
SmallCaps Hit Record Lows Relative To Nasdaq; S&P 500 Holds Steady
[Chart courtesy of MarketWatch.com] The major indexes cautiously advanced early on as traders analyzed the latest earnings reports and enjoyed a decline in market volatility, indicated by a drop in the VIX. Yesterday, tech stocks received a boost following revelations of exemptions from reciprocal tariffs for electronic products such as smartphones, computers, and semiconductors. Even though later clarifications suggested these …
S&P 500 Triggers ‘Death Cross’ Despite Positive Close
[Chart courtesy of MarketWatch.com] Positive news on tariffs boosted the markets early on, as Trump’s unexpected tariff exemption for tech devices lifted equities alongside lower bond yields. Smartphones, computers, and components like semiconductors were excluded from the new reciprocal levies, according to guidance issued last Friday. Tech giants such as Apple, Nvidia, Intel, and Dell saw significant gains, with the …