BLOOMBERG VIA GETTY IMAGESWe cannot know yet whether we are looking at another dotcom bubble, says Greg Boland.Greg Boland is chief strategy officer for Tiger Fintech.ANALYSIS: “To AI or not to AI?” Type this into Google and you are bombarded about the ethical dilemma that AI presents. I typed the same question into ChatGPT and it responded with:That’s the Shakespearean question for the 21st century. If you mean “Should we use AI?” — the answer depends on context:To AI — if you want to scale tasks, discover patterns in huge data, automate the repetitive, or explore creative frontiers.Not to AI — if the stakes involve deep ethics, sensitive human judgement, irreplaceable human connection, or high-risk decision-making where errors have severe consequences.It’s less about “yes” or “no” and mo

Tiger Brokers - Commentary – 4 August 2025BATMMAAN and the Indexes – Source: Tiger TradeThe US market closed sharply lower on Friday after struggling all week even after stellar results from Meta and Microsoft on Wednesday (US time).The double whammy of rising tariff tensions and the disappointing July jobs report saw the $S&P 500(.SPX)$ declining 2.4% over the week, while the price weighted, old world, tariff sensitive $Dow Jones(.DJI)$ dropped nearly 3% and the tech heavy $NASDAQ(.IXIC)$ fell 2.2%. NON-FARM PAYROLLSThe key takeaways from the U.S. Non-Farm Payrolls (NFP) report for July 2025 released on Friday were:·      

“Tariff Limbo, Profit Palooza: 112 S&P 500 Reports Set to Define H2 2025”It is not easy to summarise the big market movements since the launch of President Trump v2 on 20 January, but with a half-year of data available we can now start to pick out some patterns. According to Forbes, Trump has flip-flopped on tariffs 28 times since Liberation Day. Wall Street has given him the derisive nickname of “Taco Trump” – standing for “Trump always chickens out” – and it may be that the sheer amount of to-ing and fro-ing has given companies and markets time to price in the effects of tariffs and dulled the shock somewhat. The latest promised date of tariff imposition is Friday 1 August, the same day the likes of $Chevron(CVX)$ and

US Stock MarketThe $S&P 500(.SPX)$ rose 0.3% this morning to close at 6264 after reaching an all-time high of 6302 earlier in yesterday’s session.  Trump’s purported murmurings about Fed Chair Powell’s future halfway through today’s session sent the market lower while bank earnings and inflation woes weighed on the benchmark index yesterday.  But the market rallied into the close today as Trump denied the Powell sacking rumour.  The independence of the Federal Reserve is a key component of the US market and any speculation of Trump changing this sends shivers down the spin of market participants. The big news for the week was the $NVIDIA(NVDA)$ CEO Jensen Huang stating that it hope

Greg Boland is chief strategy officer for Tiger Brokers New Zealand.ANALYSIS: The on-again-off-again tariff saga continues, with President Trump extending the pause on his sweeping reciprocal tariffs – originally set to start on July 9 – to August 1. This gives countries more time to finalise trade deals with the United States. However, “tariff letters” have been sent to about 14 countries, including Japan, South Korea, Malaysia, Laos, Myanmar, and others, warning of new duties ranging from 25% to 40%. Prime Minister Ishiba of Japan has reaffirmed his country’s commitment to ongoing negotiations, describing the tariff move as “extremely regrettable” but emphasising that the announced rate is lower than the previously threatened 30% to 35% - leaving room for talks before the August deadline

Greg Boland is the chief strategy officer for Tiger Brokers New Zealand.People out and about enjoying the first day on Fieldays yesterday, during good times in the sector.CHRISTEL YARDLEY / WAIKATO TIMESANALYSIS: Fieldays this week is putting the agri sector at the forefront of conversation – dairy is booming, red meat exports are up, and farmers will benefit from the Investment Boost recently announced in the Budget. With this success in mind, let’s look at the performance of some of the major agricultural stocks in the US this year to date. Of those with a market capitalisation above US$500 million, the world’s largest agricultural equipment maker, $Deere(DE)$ , is up 22% in the year to date (YTD). $Titan(TWI)

Greg Boland is chief strategy officer at Tiger Brokers.ANALYSIS: The rotation out of the popular AI stocks amid tariff uncertainty cost the US equity market more than US$3 trillion in market value in March, with the S&P 500 closing down 5.75%. Nearly US$2 trillion of this loss was attributable to the Magnificent 7 alone, and in the first quarter of the financial year, the 7 lost over US$2.3 trillion (albeit after a gain of US$1.9 trillion in the last two months of 2024).Overall, the $S&P 500(.SPX)$ fell 4.6%, while the $NASDAQ(.IXIC)$ fell 8.3% in what was the worst quarter since the last quarter of 2022.The market will now digest President Trump’s reciprocal tariffs, which take effect immediatel

From a shiny Republican-red Tesla at the White House to tariffs to Chinese automaker BYD unveiling a new EV it says can charge almost as fast as a regular car takes to fuel - there's a lot to talk about in my latest opinion piece. While the market is down year to date because of the dominance of the underperforming technology sector (down 10.55% YTD; its market weight is nearly 28% of the overall market so it has an outsized influence), seven of the 11 sectors are actually up. China and Europe are also doing well. Large cap Chinese stocks are up 26% and German stock are up 24%, while the MSCI Eurozone ETF is up 19% year-to-date. You can find out how corporate America’s proximity to power has its costs by following the link here to The Post, or in The Press and Waikato Times: https://www.th

2024 S&P500 up 23% with Mag 7 up 67% but other 493 stocks up 8.1% = concentration risk.  Thoughts for 2025?

NVIDIA Reported after the bell this morning All eyes were on $NVIDIA Corp(NVDA)$ that reported quarterly results after the close of the US market today. The company reported quarterly earnings of $0.81 per share which beat analyst’s consensus estimates of $0.75 by 8 percent. Quarterly sales were $35.1 billion which also beat analyst’s consensus estimates of $33.125 billion. This represents a 94 percent increase in sales above $18.120 billion for the same period last year. For the next quarter, Nvidia projects $37.5 billion in revenue at the midpoint. That compares with the $37.1 billion FactSet consensus but obviously was not high enough for some lofty expectations by some. Nvidia shares slipped 1.5% in afterhours trading having closed down 0.8% a

My weekly commentaryThe Trump TradeAt the close of US equities trading this morning many of the Trump trade stocks had begun to give back some of the huge price gains they have made in the past week since Donald Trump became President elect. The Crypto and Banking sectors jumped as many believe Trump will ease regulation for both sectors.Coinbase had more than doubled in price in the past week before giving some back some of the gains today. Leading banking stocks were also slightly higher today with Dow components $JPMorgan Chase(JPM)$ and $Goldman Sachs(GS)$ up 9.5% and 15% respectively since last Tuesday.Trump supporter Elon Musk’s Tesla also jumped as Tariffs on Chinese made EV’s imports to the US may be

Greg’s interview with New Zealand Herald’s Madison Reidy published this morning. See link to article below to access the video. https://www.nzherald.co.nz/business/all-the-trump-trades-bitcoin-big-tech-banks-and-bets/HRVXKUFSYVAXNHQXGMMFLQ2TIQ/   All the Trump trades: Bitcoin, big tech, banks and bets

Hello Tigers,This is my latest opinion piece on the impact of the US elections on the markets published on the New Zealand Herald today. Hope it helps you more on the understanding of current market.New Zealand Herald Link>>KEY FACTS:The US presidential election is on November 5 and advance voting has started.Candidates Kamala Harris and Donald Trump have some different visions of the government’s role, on taxes, and fixing America’s cost of living.Harris questioned Trump’s mental state today after the 78-year-old Republican’s latest televised town hall rally veered into an impromptu music