Export Regulations Drag Down Chip Stocks, Boost Gold
The Morning Minutes will not be issued on Thursday April 17, they should return on Monday April 21st. For the last several weeks, investors have been focused on tariffs as the main tool in a growing trade war between the US and other countries. Last night, the street was reminded that other measures can be […]
Stock Rally Fades as Focus Returns to Earnings
The US stock market rebound which started last week continues to show signs of slowing. Coming off of a positive Monday, this morning US index futures are down 0.3% to 0.4%. In Europe today, the Dax is up 0.5% and the FTSE is up 0.7%. Commodity action finds Copper down 1.4% and Crude Oil down […]
Easing Technology Tariffs Sends Stocks Soaring
A shortened trading week has kicked off with stock markets around the world rallying in hope that the tariff war may ease. Over the weekend, the White House announced that it is removing technology (smartphones, computers, semiconductors, memory devices and more) from the reciprocal tariff program, as it prepares a separate technology tariff program to […]
Focus of Volatility Shifts to the US Dollar, Earnings Season Starts
The extreme volatility that has shaken equity markets since the start of this month appears to be subsiding for the moment. Overseas trading overnight has been mixed with the Nikkei down 3.0%, the Hang Seng up 1.1%, the Dax down 1.3% and the FTSE up 0.5%. In trade war news, China increased its retaliatory tariffs […]
Stock Rally Fades as Investors Await Friday’s Earnings Season Start
Yesterday’s decision by President Trump to postpone reciprocal tariffs on countries who agree to not fight back and come to the bargaining table continues to send shockwaves through world markets. Following on from one of the strongest single days in US history where the S&P 500 gained 9.5% and the NASDAQ soared 12.1%, the Nikkei […]
Unusual Action in Bonds and Currencies as the Trade War Escalates
The growing trade war, especially between the US and China, continues to escalate. President Trump’s tariffs went into effect overnight, and this morning China announced new retaliatory tariffs against the US, raising their tariff on US goods to 84% from 34%. Growing concern about the potential impact of tariffs on the world economy has put […]
World Markets Bounce Back
We now appear to be moving into a new phase of market reaction to the external shock of President Trump following through on his tariff threats last week. Following Thursday’s initial negative response, Friday’s panic selloff, and Monday’s stabilization, today we have a big bounce underway with short sellers taking profits and bargain hunters stepping […]
The US Versus The World
The new trading week has started with Asia Pacific markets catching up to last Friday’s panic selloff. Hong Kong plunged 13.2%, Shanghai fell 7.3%, and Tokyo lost 7.8%. European markets, which partly participated on Friday are seeing less extreme losses with Frankfurt down 4.2% and London down 3.8%. All eyes are now on the US […]
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 […]