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! š°
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 āreciprocalā tariffs. Who knew he had a soft spot for tech? š¤
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 windowāat least for now! š
āWeāve taken some dry powder and put it to work last week,ā chirped Robinhoodās Stephanie Guild on CNBC, sounding like a wise owl. āBut we also havenāt fully removed it because we think diversification is importantānot only away from the dollar, but also just being cautious and balancing between low-volatility stocks and growth stocks. Thereās a put nowāI think thatās been confirmedāand thatās actually really helpful.ā
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! š
As for Bitcoin (BTC), it played peek-a-boo above $85,000 several times during the day but just couldnāt break through the ceiling. Still, the $84,000 level stood firm like a knight in shining armor. And letās 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! š
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2025-04-14 23:31