Good morning. Finally a green Monday as QQQs +90bps bouncing back nicely after Friday. Yields are ticking down 0-2bps across the curve. China +2.5% (Tech China charts beginning to look really good here). BTC +2.5% to $97.5K. Fed expects reset a bit hawkishly last week now pricing only 36bps worth of rate cuts for the year (with next move not coming until July). On tariffs, Trump said on Sunday he will be imposing 25% tariffs on imports of steel/aluminum, with his reciprocal tariff announcement arriving Tuesday or Wednesday. Let’s get to it…
NVDA: Nvidia added to 'Tactical Outperform' list at Evercore ISI ahead of earnings later this month
Keep reading with a 7-day free trial
Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.