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Last week, people saw the 7% spike in the S&P 500 and called it a relief rally. Markets breathed. Volatility cooled off for a moment. But what actually happened wasn’t just a response to Trump’s sudden 90-day tariff pause. It was a pressure release after days
Let’s talk markets. Specifically, let’s talk about what just went down (literally) in the Nasdaq this week. If you’ve been paying attention—or maybe even if you haven’t—it’s gotten pretty ugly pretty fast. I even tweeted something about it: Markets take the stairs up
The drop happened fast! If you blinked sometime in February, you might’ve missed that we were at new all-time highs. Now? We're in full correction territory. Just yesterday, the S&P 500 fell more 2%, and now close to 10% in less than a month. Not
Did you know that 56% of Wisconsin’s agricultural exports could be impacted by tariffs from Canada, Mexico, and China? Wisconsin now represents the 11th largest exporter of agricultural products in the U.S., up from 13th in 2023 (WI DATCP). In 2024, Wisconsin’s agricultural exports reached $3.97
So, here’s something no one seems to be making a big deal about: tariffs are rising fast, and they’re dragging the US economy down. You won’t hear much about it in the headlines, but the effects could start to pile up. Higher prices, weaker growth, and more
U.S. stock markets are mixed this morning, but the real hype? It’s in crypto. $TRUMP Coin, launched just days ago, hit a $5 billion market cap within 48 hours.. wow!
Meanwhile, Trump’s new tariffs are already shaking up currencies like the peso and Canadian dollar, and earnings season is in full swing, with big names like Netflix and Schwab reporting today.
Let’s break it all down.
Markets This Morning
Here’s where the major indices stand right now:
- Russell 2000: +0.90%
- Dow Jones: +0.60%
- S&P 500: +0.37%
- Nasdaq 100: +0.01%
Markets are holding steady for now, but Trump’s 25% tariffs on Canadian and Mexican goods (starting February 1) could stir things up soon.
Currencies are already reacting:
- The Mexican peso is down 0.8%
- The Canadian dollar just hit a five-year low at $0.689
$TRUMP Coin Mania
Over the weekend, Trump-backed crypto made headlines:
- Market cap: Surged to $5 billion in 48 hours.
- Trading volume: Over $18.5 billion within a single day.
- Price movement:
- Launched under $10.
- Hit ~$70 in two days, peaking at $75.08 before pulling back.
Here’s the kicker: Trump’s holdings in $TRUMP Coin are worth today around $7.7 billion, making it his biggest single asset. To put that in perspective, his DJT stock is valued at $4.6 billion, and the rest of his assets add up to $2.6 billion.
Earnings to Watch Today
This week is a big one for stocks, with some heavy hitters reporting earnings. Here are the ones to watch:
- Netflix (NFLX): Subscriber growth and $10.1B revenue expected.
- Charles Schwab (SCHW): Focused on retail investing trends.
- 3M (MMM): Eyes on manufacturing health.
- D.R. Horton (DHI): Housing demand drives $7.1B forecast.