24.03.25 - Bounce on rumors

US indices see a bounce today, driven by rumors of softer stance on tariffs from the White House. President Trump may impose fewer tariffs and should spare certain sectors from tariffs on April the 2nd.

Markets: US markets rally led by tech stocks, with Nasdaq up towards 2% while major stock markets in Europe and Asia continue to struggle. Interest rates see an uptick, USD slightly stronger while investors take some profit on gold. Crypto prices with an upswing.

My view: The rally was initiated by cryptos already late Sunday evening with some investors taking the risk to buy risk assets and play this rumors. Even my tactical allocation does not mirror today’s market move, I do not follow such speculations and keep a certain cautious stance as a high number of uncertainties remain (global tensions with re-escalation in Middle East, Russian war, German government formation, trade war etc.)

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