Two warnings as loud as ever that US also feels (short-term?) pain from the tariff war - yields rise, USD falls, gold is rocketing up, BTC decoupling from Nasdaq.
The Australian dollar strengthened on Friday, as the AUD/USD currency pair approached the 0.6280 zone during the American trading session. The bullish tone for the Aussie emerged as the US dollar only continued to weaken across the board.
Softness in the manufacturing sector, a slowdown in new orders, and the lingering effects of supply-chain issues have impacted the manufacturing tools industry. However, here are some stocks in the space to keep an eye on despite these challenges.
In a recent interview, Ray Dalio, the founder of Bridgewater Associates, expressed his apprehension about a possible economic crisis that could surpass a recession if the current economic policies are not managed effectively.
Apple has managed to dodge a potential disaster as its key consumer electronics have been exempted from the 125% tariffs on goods manufactured in China by President Trump.
Trump is desperately trying to find some level of tariffs that the stock and bond markets won’t react negatively to. However, the revolving door clown show is destabilizing in and of itself.
