To The Moon

The market is digesting President Trump’s reciprocal tariffs, take effect at midnight after his announcement this morning (Wednesday 4pm US ET time) – on what Trump has dubbed “Liberation Day”. Timing after the main Wall Street trading session and not on April fools day! And the tariffs are no joke and include a raft of measures. In the first part of Trump’s speech he stated, “Reciprocal. That means they do it to us and we do it to them. Very simple. Can’t get any simpler than that.” He then outlined the tariff imbalances including tariffs by the EU on US vehicles of 10% versus the 2.5% US tariff on EU vehicle imports. He placed a 25% tariff on all foreign made automobiles specifically. The market reaction was at first positive with S&P 500 futures up 1%. But then 30 minutes into his s

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

The market terminology of ‘bull’ and ‘bear’ is thought to be derived from how these animals attack: the bull with an upward motion of its horns, the bear tearing downwards with its paws. At the moment fear and uncertainty prevail, as the Trump administration implements its well telegraphed tariff agenda, but it has turned into a fiasco of on again off again rhetoric as well as retaliatory actions by Canada, China and the European Union.  Ontario’s threat of tariffs on electricity to Minnesota, Michigan and New York definitely gave Trump a fright and he retreated from the brink again reversing some of the tariffs he was going to impose. Since the election the $S&P 500(.SPX)$ had been closing each day within the 5,770 to 6,130 range al

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

For the sold puts - what is the typical days to expiry and how far out of the money are the strikes? 

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

American stocks tied to the state of the US economy, such as banks and the country’s biggest technology stocks, including chipmaker $NVIDIA Corp(NVDA)$ and Elon Musk’s $Tesla Motors(TSLA)$ , have rallied since Donald Trump’s victory.The victory lap sent major stock markets, the $.DJI(.DJI)$, $.SPX(.SPX)$ and the tech-heavy $.IXIC(.IXIC)$ to new highs, rising 3.6%, 2.64% and 2.95% respectively, the best post-election day in US history. $Bitcoin(BTC.USD.CC)$ ’s price continued to rise, past a new all-time high of US$76,000.“This is

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