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- China's Market Gains Outshine U.S. Volatility, Says Goldman Sachs
China's Market Gains Outshine U.S. Volatility, Says Goldman Sachs
5 articles I'm watching carefully
Tyler Dupont
March 11, 2025
In partnership with
Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Dow Plunges 890 Points Amid Recession Fears and Tariff Uncertainty
U.S. stocks tumbled as Trump’s tariff policies and recession concerns rattled markets. The Dow fell 2.08%, while the Nasdaq lost 4%, its worst day since 2022. Tech stocks led the selloff, with Tesla down 15.4%. Treasury yields declined as investors fled to safety, awaiting inflation data for further signals.
Redfin Soars 68% as Rocket Announces $1.75B Acquisition
Rocket Companies (RKT) will acquire Redfin (RDFN) in a $1.75B all-stock deal, sending Redfin up 68% while Rocket fell 10%. Redfin shareholders receive 0.8 Rocket shares per share, with Rocket shareholders granted an $0.80 dividend. The merger aims for $200M in cost synergies by 2027, pending closure by Q3 2025.
Bond Market Signals Recession Fears Amid Trump’s Economic Policies
Investors are flocking to Treasuries as uncertainty over tariffs and economic policy fuels fears of a recession. The two-year Treasury yield dropped 10bps to 3.90%, while the 10-year fell to 4.23%. Markets now expect three Fed rate cuts in 2025, with GDP projections swinging from 2% growth to a -2.4% contraction.
🪙 Crypto
Bitcoin Falls as Trump's Crypto Promises Fail to Boost Markets
Bitcoin dropped below $78,000, down 28% from January highs, despite Trump establishing a Strategic Bitcoin Reserve. Investors expected direct government purchases, but the reserve relies on seized assets. Analysts cite macroeconomic fears and trade policy uncertainty as key factors driving the crypto sell-off.
🌎 Global Economy
China's Market Gains Outshine U.S. Volatility, Says Goldman Sachs
Goldman Sachs notes rising investor interest in Chinese equities as U.S. market volatility persists. The MSCI China Index is up 20% YTD, driven by tech advances and easing regulatory risks. Analysts estimate a 1% allocation shift by global funds could add $8B to Chinese stocks but warn of profit-taking amid U.S.-China tensions.
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