🚨US bans Nvidia from selling H20 Artificial Intelligence (AI) chips to China

S&P 500 earnings estimates (EPS) for the next 12 months are still at all-time highs. Basically, Wall Street still thinks profits are gonna moon. The "record-high uncertainty" charts, the ones showing how uncertain people are about the economy or markets, are essentially indicators for how wrong economists, analysts, and strategists are likely to be in the future.

Economic policy uncertainty in the US is now at record highs, surpassing even the pandemic spike.

SHANGHAI COMPOSITE INDEX TURNED POSITIVE

🚨NOMURA: CUTS CHINA'S 2025 GDP GROWTH FORECAST TO 4% FROM 4.5%

Without the current trade war, the USDEUR would be approaching parity with how the yield spread has widened. But everyone's focused on tariffs right now. Let's see how this pans out.

🚨CHINA FOREIGN MINISTRY, ON U.S. TARIFFS: IF US WANTS TO SOLVE ISSUES THROUGH DIALOGUE, IT SHOULD STOP EXERTING MAX PRESSURE

🚨China Foreign Ministry on White House statement on US 245% tariff hike on China: we don't want conflict, but won't stay silent

USD vs emerging markets near all time highs.

China Foreign Ministry on report on China orders halt to Boeing jet deliveries: unaware of the situation

🚨SPOT GOLD SKYROCKETS ABOVE $3,300/OZ, SMASHES ALL-TIME HIGHS IN HISTORIC SURGE!

RUSSELL 2000 FUTURES DOWN 1.2%

Nasdaq, S&P 500 Index Futures Pare Losses, Dow Futures Turn Positive

The dollar and yields, not stocks, will hold the whip hand with indicating when further softening with US tariff policy is likely.

Powell speaks today

Euro has traded like a haven currency vs the dollar this month

🚨Global economy could slow to 2.3% due to trade tensions - UN trade and development agency

Trump: Japan is coming in today to negotiate tariffs, the cost of military support

The whale NEMORINO.ETH spent 4.802 million USDC to purchase 3079.8 ETH at an average price of $1559, one and a half hours ago, according to Embercn

UOB economist Ho Woei Chen: China’s central bank may frontload its monetary policy easing to stabilize markets, with a near-term prospect of a 100 basis points (bps) cut in banks’ reserve requirement ratio. Chen also expects a 20 bps cut in the 7-day reverse repo rate by the end of the second quarter.