Ian Reynolds
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Breaking
BlackRock to buy Panama Canal ports after pressure from Donald Trump [FT]
Economic Indicators Released Overnight
Nothing economically overnight but plenty of tariff stuff. In reality it's now a tariff war so market fully Risk Off. Will be interesting to see if Bitcoin can grab the moment as non-sovereign asset.
RBA Says Rate Cut Doesn’t Commit Board to Further Policy Easing [Bloomberg]
World Equities
Bitcoin
Bitcoin rallied impressively as stocks got sold off overnight but it won't be able to withstand an onslaught. Cautious long with appropriately sized (small) positions maybe.
BITCOIN / USD Daily
Precious Metals
Gold bouncing, like Bitcoin, as money flow to perceived safe havens.
GOLD / USD Daily
Bonds
Big reversal in US yields as countries push back against tariffs. No word on Fort Knox, fragmenting supply chains, abrasive foreign policy, ineffective crypto guidance all adding up to confidence waning. You can only talk so much.
US 10 Year Treasury Bond Yield Daily
Foreign Exchange
Textbook chart on the DXY as tagging the scene of the crime pushes price lower.
DXY Daily
Equities
Confirmed break lower on the S&P. Consumers are scared. Can't replace industries domestically as quickly as tariffs can be applied.
S&P Daily
Economic Indicators Today
