Markets just gapped down overnight! Combine that with *stacked ranges* on the tick charts, and this Slingshot Reversal could be our easiest win of the week!
Trump-appointed FCC official Brendan Carr urged Europe to support Elon Musk's Starlink over Chinese alternatives, warning that hesitation over U.S. tech could open the door to greater risks from the Chinese Communist Party.
Investors are running into Viking Therapeutics this week after an incident of drug-induced liver injury pushed Pfizer into terminating the development of its weight-loss pill.
The ECB is widely expected to cut rates by another 25bp on 17 April, as growth risks have intensified on the back of US tariffs. The Governing Council may highlight rates are now close to neutral, but that doesn’t rule out further tariff-led cuts.
Commenting on Nvidia’s disclosure, Wedbush analyst Daniel Ives said, “The financial impact is small relatively, but the strategic blow is the focus of the market."
Nvidia will take a $5.5 billion charge due to U.S. export restrictions on AI chips to China, but analyst Dan Ives says the long-term AI demand story remains strong despite rising geopolitical tensions.
U.S. stock futures slipped Tuesday night, following warnings of sizable new headwinds for the semiconductor industry amid fresh tariff-related uncertainties spooking tech stocks, as investors await crucial retail sales data and more prominent earnings this week.
This is one of the foundational systems we run here. It’s all based on the idea that markets move from high volatility to low volatility. When, in very low-volatility markets, they explode out and can go on massive runs with very little warning.
Leading cryptocurrencies dipped alongside stock futures Tuesday as Nvidia Corp. (NASDAQ:NVDA) shares tumbled after being informed by the U.S. government that it will need a license to export chips to China.
