Death Crosses, Tariff Wars & Gold Highs—Just Another Week
📉 Stocks wobble. 💰 Gold rips. 💥 Tariffs escalate. Powell? Silent.
Here’s what really happened this past week on Wall Street:
📈 Monday — Relief Rally & AI Flex
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Tech exemptions ease some tariff heat.
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Nvidia drops a headline: $500B investment in U.S. AI infrastructure over 4 years.
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Webull goes parabolic: +400% on day 2 of its post-SPAC debut.
📉 Tuesday — Death Cross Hits the Tape
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S&P 500 & Nasdaq 100 trigger a “death cross” (50-day below 200-day).
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Last time this hit? The market declined by 11% over 11 months.
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United Airlines drops recession guidance ✈️
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Meanwhile, Banks & JNJ post quiet beats.
🫣 Wednesday — Chip Pain & Powell Silence
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Nvidia & AMD warn about the high costs of exporting chips to China.
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White House proposes tariffs up to 245% on certain Chinese goods.
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Powell says he’s waiting it out. No lifeline here.
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Ackman grabs 4% of Hertz — stock flies.
😷 Thursday — UNH Cracks, Netflix Shines
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UnitedHealth breaks a 10-year beat streak—rising medical costs. Stock slumps.
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Netflix delivers earnings beat. A rare winner in the tariff world.
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Gold hits new record highs. Safe haven demand is in full effect.
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Trump’s team openly discusses removing Powell.
🛑 Friday — Closed, But the Plot Thickens
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Markets closed, but the White House moves forward on rare earth mining.
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China holds the keys to magnets, rare earths, and they’re not sharing.
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Powell’s seat? Still hot. Hasset pushes plans to remove him.
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Fed’s Daly says consumer spending could stall this summer = slowdown risk.
Week Ahead 🗓️ (April 22–26)
Here’s what to watch in markets this week:
📊 Earnings:
TUE: $TSLA 🔋
WED: $BA ✈️
THU: $GOOGL, $INTC, $MRK, $TMO, $VZ
FRI: $CVX, $XOM, $CL, $SLB
📈 Economic Data:
WED: New Home Sales 🏡
THU: Jobless Claims + Durable Goods 🏭
FRI: Final Michigan Sentiment 📉
🎤 Fed Speakers:
Waller, Kashkari, Cook, Harker… all week.
Beige Book drops WED.
🚨 Wild card: China tariff retaliation? Markets are still on edge.
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Stay sharp,
Frank
