Highlights
• Nvidia’s earnings today will be a key indicator of AI capex strength
• Trump administration follows up on Intel deal with possible Lockheed Martin stake
• Technical analysis suggests lower equities and bond yields
• Canadians continue to boycott U.S. travel and real estate
Key Takeaways
• Equities Unbothered By Trump Interventions: Nobody seems to be fussed that the Administration is now seeking a stake in Lockheed Martin and the President stating he is not done in this quest for the government to partner up with the private sector; that the attempts to reshape the Fed in President Trump’s image show no bounds; that Japan is daring to dispute the terms of the ballyhooed $550 billion investment pledge; or that India just got slapped with a 50% tariff on over half its exports.
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