🧠 Stocks play around

and global situation deepens

Good morning investors! Yesterday was one of the market’s most volatile days thanks to fake news. Things are looking better today and even Trump’s advisor Navarro thinks market is finding its bottom.

New Fact: If the stock market closes in bear territory – a drop of 20% from a recent peak – it would be the earliest in a new administration a bull market has turned into a bear in the history of the S&P 500, which dates back to 1957.

Today we cover:

  • Global sell off

  • Stocks had a volatile day

  • Tesla’s troubles

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📊 Economy and News 

Global Market Crash Wipes Out $10 Trillion Amid Tariff Chaos

A massive global stock market rout, triggered by escalating US tariffs under President Donald Trump, has erased over $10 trillion in value across major markets. The wave of selling is reminiscent of the 2020 COVID crash, with no region spared.

The S&P 500 plunged over 10% in just two days—its steepest drop since World War II.

Banking stocks have tumbled globally. European and Japanese banks lost around 20% in just three sessions, while eurozone bank shares suffered their steepest drop since the COVID collapse. Recession fears are fueling bets on rapid rate cuts—bad news for the sector.

Brent crude is down 15% over three days, touching lows last seen in April 2021. Fears of a global demand crunch are dragging prices down sharply with some expecting it to fall to $50.

The Australian dollar, often used as a proxy for China exposure, has fallen 4.5% in two days—its biggest drop since 2020. Vietnam’s dong hit a record low after Trump slapped a 46% tariff on Vietnamese imports, threatening one of Asia’s fastest-growing export economies.

Emerging debt markets have also been hit hard. Bonds from Pakistan, Sri Lanka, and Angola have tumbled, raising alarms about rising borrowing costs and worsening debt distress in vulnerable economies.

As the tariff war deepens, the global economic outlook remains clouded by fear, volatility, and potential recession.

Global hits:

Check this: GM reveals Corvette EV concept car as it reconfirms commitment to Europe. Elsewhere, Shopify CEO says staffers need to prove jobs can’t be done by AI before asking for more headcount.

FX wars: Taiwan central bank says it will intervene if needed to ensure forex stability as tariffs take a toll on currencies. This turmoil has boosted Swiss franc, pressuring SNB to move closer to negative rates. Still, investors seem to be seeking refuge in dollar, yen as tariff fallout grips markets. We’re already seeing major falls. Australia dollar has come to a five-year low as markets bet on big rate cuts. Lastly, India may tolerate weaker rupee if tariffs spur yuan decline.

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📈 Stocks

S&P 500 5 062,25 (-0.23%)
DJIA 37 965,60 (-0.91%)
NASDAQ 15 603,26 (+0.099%)
BRENT CRUDE 64.21 (-2.09%)
* Prices as of Mar 3rd, 12:20 AM UTC

US Markets Whipsaw Amid Trump Tariff Turmoil

US stocks closed mostly lower Monday after an intense day of volatility sparked by concerns over President Donald Trump’s escalating tariff policies.

Markets plunged early in the session, entering bear territory, before rebounding sharply on rumors that the Trump administration might pause tariffs. That rumor was quickly denied by the White House, sending stocks tumbling once again. The Dow at one point surged nearly 900 points before giving back gains, highlighting investor desperation for any sign of policy reversal.

The Cboe Volatility Index (VIX), Wall Street’s “fear gauge,” spiked above 50 — a level not seen since the early days of the COVID-19 pandemic — reflecting extreme uncertainty.

President Trump fueled the tension by suggesting a possible 50% increase in tariffs on China, following new retaliatory tariffs from Beijing. While EU officials expressed willingness to negotiate, Trump dismissed the idea of pausing enforcement, saying other countries would face “substantial tariffs.”

Bond markets also saw heavy selling, with the 10-year Treasury yield rising to 4.155%. Meanwhile, global markets were hammered: European indices dropped 4–5%, and Asia saw double-digit losses in Hong Kong and near-10% drops in Taiwan and Shenzhen.

Despite the chaos, some analysts believe stocks may be nearing a bottom due to oversold conditions, but warn that without policy clarity, wild swings are likely to continue.

About Apple: Apple has lost about 20% of its value over the past three trading days, wiping out almost $640 billion in market cap. Also, analysts see Apple’s highest-end iPhone jumping $350 in price hike due to tariffs. Lastly, UK loses bid to keep Apple appeal against demand for iPhone ‘backdoor’ a secret.

Restaurant stocks: Restaurant stocks, from McDonald’s to Chipotle, fell as investors feared a coming recession. While President Donald Trump’s tariffs will not have much direct impact on eateries, another pullback in consumer spending would hurt restaurants. Fast-food chains have historically fared the best during economic downturns.

Tesla’s trouble: Tesla is facing growing skepticism on Wall Street as even longtime bulls cut their price targets and express concern over the damage CEO Elon Musk’s political ties — especially his alignment with the Trump administration — have done to the brand. Analysts at Deutsche Bank, RBC, Piper Sandler, and Stifel recently lowered their 12-month price targets, with Wedbush’s Dan Ives slashing his by 43% to $315, citing global backlash and plummeting sales. Despite maintaining a buy rating, Ives and others warn that Tesla’s future depends on Musk stepping back from politics, particularly amid rising tensions in China — Tesla’s second-largest market — where local sentiment has turned sharply negative. Shares have tumbled in recent weeks following weak quarterly sales and fears over tariff impacts, wiping out gains made post-election and drawing split opinions from analysts, with JPMorgan and Wells Fargo now urging investors to sell.

💵 Personal Finance

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💰 Be a Better Investor

“Some debts are fun when you are acquiring them, but none are fun when you set about retiring them.”

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👩🏽‍⚖️ Legal Stuff
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