[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 …
Markets Slide Despite Tariff Pauses; Gold Hits Record High
[Chart courtesy of MarketWatch.com] Equities resumed their downward trend after yesterday’s historic rebound, which was triggered by Trump’s 90-day pause on some reciprocal tariffs. The EU followed suit by announcing a similar pause on U.S. goods. Despite this, a 125% tariff rate on goods from China remains, with Trump expressing optimism that “a very good deal” can still be achieved. …
Bond Market Chaos Overshadows Stock Rally
[Chart courtesy of MarketWatch.com] Despite intensifying global tensions, the markets edged into the green early on as traders sought a bottom after recent relentless selling. Optimism persisted even as the European Union (EU) and China announced retaliatory tariffs on U.S. merchandise. China will impose an 84% levy starting Thursday, following U.S. tariffs of 104% on Chinese imports that took effect …
Relief Rally Short-Lived As U.S.-China Tariff Tensions Escalate
[Chart courtesy of MarketWatch.com] Hopes that tariff deals with many countries could be negotiated for mutual benefit provided a brief reprieve from recent market turmoil, bringing some calm even as tensions remained. The broad market bounced back sharply as news spread that around 70 countries had contacted the U.S. to discuss alternative proposals. After three days of steep losses and …
Market Chaos Continues Amid Fake News And Uncertainty
[Chart courtesy of MarketWatch.com] Futures and global markets indicated another session of losses, with the S&P 500 plunging as much as 5.5% before the selling abated and market direction suddenly reversed. Comments from Trump, which turned out to be fake news, suggested a 90-day pause in tariffs for all countries except China, sparking bullish sentiment. However, the lack of confirmation …