On Stocktwits, where Tesla is the most-watched ticker with over a million followers, retail investor sentiment has largely been bearish since January.
Ives estimates conservatively that 10%-15% of many cloud and AI initiatives in the U.S. he is tracking in the field could be pushed/slowed down during this period of uncertainty.
The biggest U.S. bank is expected to report adjusted earnings of $4.57 per share on revenue of $44.14 billion.
He also said that China is now isolated as other trading partners are looking to make deals.
Minister of Economic Affairs Kuo Jyh-Huei reportedly said the Asian country is boosting the share of US LNG in Taiwan’s total imports to 30% from current levels around 10%.
BMW’s sales increased by 6.2% in Europe and 4% in the U.S. but fell by 17.2% in China.
At the time of writing, the Dow Jones futures were down 1.10%, the S&P 500 futures dipped 1.50%, and the Nasdaq 100 futures fell 1.80%.
However, Ursula von der Leyen said the preparatory work on further countermeasures won’t stop.
UBS estimates that if left unmitigated, GM's annual cost headwind from tariffs could be $5B.
An ongoing poll on Stocktwits showed that 35% of the surveyed respondents believe the Fed’s first rate cut will occur in May.
