I spent the day watching a fragile market dance on a very thin tightrope. If you’ve been with me for a while, you’ll know how important I think monkey bars are; I use them constantly in selecting my trades.
In recent weeks, Abercrombie & Fitch has lowered its annual profit forecast, while American Eagle has withdrawn its outlook, and Gap has warned of up to $150 million in additional costs resulting from tariffs.
Markets are grinding down into Non-Farm Payrolls tomorrow morning Grinding moves tell us traps are likely where the money’s made, and these 2 traps could make our entire week!
Musk, the world’s richest person, saw his net worth drop by roughly $34 billion, as a large portion of his wealth is linked to his electric vehicle company.
The Dow closed the session -108 points, -0.25%, while the S&P 500 slimmed -31 points, -0.53%. The Nasdaq shed -162 points, -0.83%, as Tesla shares slid to their worst one-day loss in history, -14%.
Cathie Wood's Ark Invest made a blockbuster purchase of Circle Internet Group (NYSE:CRCL) shares on Thursday, marking a significant move in the evolving digital assets landscape.
The GDP outlook is looking less bright, and probably less so than indicated by historical correlation, given the elevated credit risk now implicit in Treasurys. Moreover, a continued decline in the dollar is to be expected as Treasury rates decline.
The Fed has never been politically independent of the U.S. government, and it has enthusiastically helped fund the U.S. government both in wartime and in peacetime.
