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Trump's Crypto Reserve Plan Sparks Market Rally
5 articles I'm watching carefully
Tyler Dupont ![]() Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Tech Stocks Struggle as Market Eyes Rebound
The Nasdaq fell to 2025 lows before rebounding Friday on inflation data and tariff speculation, while the Dow reclaimed a key level. Nvidia, Tesla, and Palantir saw sharp declines, with Nvidia dropping 7.2%. The 10-year Treasury yield dipped to 4.23%, with traders awaiting market confirmation of a rally.
Investors Weigh Economic Slowdown Amid Market Rotation
February’s market volatility raised concerns over a potential economic slowdown, with weak consumer data and a Nasdaq decline of 4%. Analysts note a shift toward defensive stocks, with investors eyeing low-beta and high-dividend plays. The Fed’s tight policy remains a key risk, though some argue the downturn isn't a true recession signal.
Broadcom and Costco in Focus Amid Market Volatility
Markets faced turbulence last week, with the S&P 500 down 1% and Nasdaq falling 3.5%, though the Dow eked out a 1% gain. Investors are watching Broadcom and Costco, both reporting earnings Thursday. Broadcom’s AI-driven growth faces a 20% YTD decline, while Costco’s strong membership retention supports a 14.4% YTD gain.
🪙 Crypto
Trump's Crypto Reserve Plan Sparks Market Rally
President Trump named BTC, ETH, XRP, SOL, and ADA as part of a proposed U.S. Crypto Strategic Reserve, triggering price surges of 8%-62%. Bitcoin hit $90,828, while Ether rose to $2,409. Analysts debate whether congressional approval is needed or if the Treasury’s Exchange Stabilization Fund could fund the reserve.
🌎 Global Economy
Commodity Markets Shift Amid Tariffs and Energy Costs
Diesel markets are stabilizing despite Russian sanctions, with lower prices and rising U.S. demand. The U.S. faces a record agricultural trade deficit as Trump targets tariffs on key partners. Buffett expands in Japan's commodity-linked firms, while U.S. copper premiums surge on trade policies. Germany struggles with high energy costs despite tax cut plans.