📈 Stocks / Finance

Lucid’s Future Hinges on Gravity SUV, Analyst Stays Neutral

Markets Insider

Lucid Group (LCID) remains a mixed bet, with analyst Itay Michaeli citing both strong tech and capital backing alongside persistent cash burn and sales struggles. While the Gravity SUV offers a turnaround opportunity, its high price may limit adoption. Michaeli rates LCID a Hold with a $2.30 target, citing licensing potential but near-term uncertainty.

Stocks Sink as Tariff Uncertainty Fuels Market Volatility

CNN

The Dow fell 478 points Tuesday, extending a volatile streak as investors grappled with Trump's shifting tariff policies. The S&P 500 closed down 9.3% from its February high, nearing correction territory. Analysts warn market confidence is eroding amid trade policy uncertainty, with Wall Street's fear gauge, the VIX, hitting multi-month highs.

Gold Surges Past $2,900 Amid Trade and Geopolitical Uncertainty

FXStreet

Gold rose to $2,917 as safe-haven demand climbed despite strong U.S. jobs data. Market jitters over U.S. tariffs on Canadian metals and Fed policy expectations supported bullion. The People's Bank of China and Poland's central bank expanded reserves, while traders eye U.S. inflation data for further direction.

🪙 Crypto

VanEck Eyes AVAX ETF Amid Expanding Crypto Offerings

Decrypt

VanEck registered a trust for an Avalanche (AVAX) ETF in Delaware, signaling potential expansion beyond Bitcoin and Ethereum ETFs. While not an official filing, the move follows increased institutional interest in altcoin ETFs, with firms also exploring Solana, Sui, and MOVE-based funds. AVAX trades at $17.17, down 14% this week.

🌎 Global Economy

Dollar Sinks as Euro, Pound Rise Amid ‘Trumpcession’ Fears

The Guardian

The dollar fell to its lowest level since mid-October as Trump’s tariff escalation on Canadian metals fueled recession fears. The euro hit $1.093, and the pound climbed to $1.2956, reversing post-election losses. UBS raised the probability of a US downturn to 30%, while analysts predict further euro gains driven by structural reforms and ECB policy.