Stocks Soar and Bitcoin Booms: Trump’s Tariff Taming Triumph! 🎉

Oh, what a jolly good day it was in the land of U.S. stocks! Major indices danced and pranced their way into positive territory on Monday, while Bitcoin, that cheeky little rascal, bounced back to a whopping $85,000, strutting its stuff with a delightful 7% gain over the past week! 💰

Investor spirits soared higher than a kite in a windstorm after President Donald Trump, in a surprising twist, decided to sprinkle some exemptions on smartphones, computers, and other gadgets from his oh-so-fancy “reciprocal” tariffs. Who knew he had a soft spot for tech? 🤔

And guess what? Apple (AAPL) shares decided to join the party, thanks to the clever folks at KeyBanc Capital Markets who upgraded the stock from Underweight to Sector Weight. They were all aflutter with optimism about the tariff exemption. It seems the worst-case scenario has been tossed out the window—at least for now! 🍏

“We’ve taken some dry powder and put it to work last week,” chirped Robinhood’s Stephanie Guild on CNBC, sounding like a wise owl. “But we also haven’t fully removed it because we think diversification is important—not only away from the dollar, but also just being cautious and balancing between low-volatility stocks and growth stocks. There’s a put now—I think that’s been confirmed—and that’s actually really helpful.”

Meanwhile, the CBOE Volatility Index (VIX) took a little tumble, falling more than six points on Monday, while U.S. Treasuries decided to dip lower too. Both signs are typically seen as a big thumbs-up for equities! 👍

As for Bitcoin (BTC), it played peek-a-boo above $85,000 several times during the day but just couldn’t break through the ceiling. Still, the $84,000 level stood firm like a knight in shining armor. And let’s not forget the broader crypto market, which remained as resilient as a rubber band, with investors mostly unfazed by the dramatic collapse of Mantra (OM) by a staggering 90%! The CEO pointed fingers at forced exchange liquidations, while some investors whispered about insider selling and fraud. Oh, the drama! 🎭

2025-04-14 23:31

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