On Friday, Trump upped tariffs on European cars by 25%, saying they’re not complying with the trade deal. Not happy with their ‘help’ in the Middle East, I assume.
Atlanta Fed’s GDPNow went from 3.7% to 3.5%.
Trump said the US will help some ships leave the Strait of Hormuz starting Monday. Note that it’s more about logistics coordination than Navy escorts. He also said they’re having very positive talks, and Iran acknowledges the sides are talking.
Reports say Iran fired on a US ship after it ignored Iran warnings and Iran attempts to expand their zone of control. This caused stocks to take a dive and oil to go up 5%.
Gamestop (GME) offered to buy EBAY for $125 a share., sending EBAY up 9% and GME -2%.
Bitcoin crested $80K for the first time in three months but is currently back below that number, particularly after the shots fired around the Strait.
Factory Orders today.
Disclosures/Regulation:
This content is intended to provide general information about Lloyd Financial. It is not intended to offer or deliver investment advice in any way. Information regarding investment services are provided solely to gain an understanding of our investment philosophy, our strategies and to be able to contact us for further information.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forward‐looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.
Past performance is no guarantee of future returns.
Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy will be profitable.
