[Chart courtesy of MarketWatch.com] The major indexes opened strong and kept the upward momentum rolling all session long, even as traders kept one eye on political headlines and braced for a busy week ahead (big earnings wave + the next Fed meeting). Over the weekend, President Trump threatened a 100% tariff on Canadian goods if Ottawa strikes a trade deal …
Trump Backs Off Europe Tariffs – Stocks Rally, Gold Nears $5k
[Chart courtesy of MarketWatch.com] Stocks picked up right where they left off yesterday, riding a wave of relief after President Trump dialed back the heat on Europe. He announced he’s scrapping the new tariffs on imports from eight NATO nations that were set to kick in Feb. 1. Instead, he said he and NATO Secretary General Mark Rutte have “formed …
Davos Drama: Trump’s Greenland Flip‑Flop Sends Traders Spinning
[Chart courtesy of MarketWatch.com] Stocks bounced higher Wednesday after President Trump assured global leaders at the World Economic Forum in Davos that he would not use force to acquire Greenland—a geopolitical worry that had been unsettling markets and pressuring the dollar. His comments sparked relief across risk assets, helping equities catch a bid and calming some of the week’s tension. …
Dollar Drops, Yields Spike – Equity Rout Meets Metals Rally
[Chart courtesy of MarketWatch.com] Stocks got absolutely hammered right out of the gate after President Trump cranked up the heat on Greenland again. In a Truth Social post over the weekend, he threatened escalating tariffs on imports from eight NATO members (starting at 10% on Feb 1 and jumping to 25% by June 1) unless they agree to sell Greenland …
Small Caps Squeeze, Silver $93.75 High – Metals Still Flexing
[Chart courtesy of MarketWatch.com] The major indexes jumped right out of the gate, with banks and tech leading the charge as Wall Street shook off back-to-back losing days. The real spark came from Taiwan Semiconductor (TSMC) dropping another monster quarter—profit up 35% year-over-year—which lit a fire under the AI trade and boosted investor confidence. Chip stocks were on fire: the …
Banks Drag Stocks Lower – Silver +7%, Gold Above $4,600
[Chart courtesy of MarketWatch.com] Stocks opened lower for the second straight day, pulling back further from recent record levels as traders chewed on a fresh batch of earnings reports and kept one eye on geopolitical headlines. Wells Fargo was a big laggard, dropping more than 5% after posting weaker-than-expected Q4 revenue. Bank of America and Citigroup slipped too—even though they …