Limit Up!

Limit Up! 5th March 2025

Written by Ian Reynolds | Mar 5, 2025 1:57:53 AM

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Breaking

Canada will retaliate with 25% tariffs on billions worth of U.S. goods as Trump’s tariff deadline passes [CTV]

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