Analysts believe a sharp pullback in SpaceX and valuation pressure on US tech giants will not significantly impact Hong Kong equities, citing distinct business models and less stretched valuations for local tech firms.
US retail sales fell 1% in March, exceeding expectations, as consumers pulled back amid recession fears fueled by a banking crisis, reduced tax refunds, and expired food assistance benefits. This decline, reported by the Commerce Department, signals a moderation in consumer spending and a potentially slowing labor market, despite some economists noting underlying consumer strength.
A council report indicates Asian markets drove gold price rebounds in H1, while US markets caused pullbacks. Despite a recent drop from record highs, gold is expected to show upside potential in H2 2024, influenced by factors like geopolitical risks and local currency weakness in Asia.
SpaceX shares have fallen 20% from their post-IPO high, erasing nearly all gains for the average investor and bringing the stock back to Monday's trading levels. The pullback follows a highly anticipated debut that saw the stock surge significantly above its IPO price.
Seoul stocks opened lower on Wednesday, with the KOSPI index down 0.87% to 8,650.81. The decline was partly driven by investors pulling out of U.S. AI-related stocks, following Wall Street's overnight sell-off. Nvidia's bond issuance plan and caution ahead of the Federal Reserve's policy update also contributed to market sentiment.
Prediction markets generated $36.6 billion in volume in Q1 2026, surpassing onchain gambling's $14 billion, according to TRM Labs. Both sectors showed resilience during a crypto market correction.
Palo Alto Networks shares fell over 4% after strong quarterly results, as investors focused on the company's long-term outlook and a rapid stock price increase. CEO Nikesh Arora reiterated 2030 NGS ARR guidance, signaling robust but not windfall growth, disappointing short-term traders.
Jim Cramer's Investing Club team advises against market timing, emphasizing fundamental analysis and long-term investing. They highlight that while corrections are inevitable, their timing is unpredictable, and cash reserves are key to capitalizing on opportunities.
Bitcoin sentiment on social media hits 2026's most bullish level (2.23:1 bullish to bearish comments) despite the broader crypto market downturn, with caution advised due to historical precedents of short-term pullbacks following such euphoria.
E.l.f. Beauty plans to reverse some price increases due to decreased demand, citing consumer sensitivity to higher costs amid economic pressures.
Bitcoin's price dropped below $78,000, testing the $76,000 support level due to a deteriorating macroeconomic backdrop, including higher-than-expected inflation and rising US Treasury yields. This has shifted market sentiment towards a potential rate hike, impacting risk assets. Despite short-term holder pressure and ETF outflows, long-term holders remain committed, suggesting underlying structural conviction.
Ethereum's price has fallen nearly 10% in a week, testing conviction around $2,100 due to rising oil prices, exchange inflows, futures selling, and ETF redemptions. Supporters cite tokenization and AI as long-term drivers.
Stocks dipped Friday as a bond selloff pushed Treasury yields higher, impacting the AI trade. Despite pullbacks, the S&P 500 eyes its seventh straight positive week. Key earnings from Nvidia and Home Depot are upcoming.
Bitcoin and major altcoins are under selling pressure, with key support levels being tested. Analysts remain optimistic about Bitcoin's near-term prospects, citing technical indicators and external factors like the AI sector race and geopolitical tensions.
The European Union unveils a new global health strategy, positioning itself as a reliable partner for developing countries as the U.S. and other Western nations reduce foreign aid, potentially causing millions of preventable deaths.
India's outbound tourism to Europe and Australia may decline 10-15% this summer due to rising inflation and potential influence from the prime minister's advice, coinciding with peak travel season (April-June).
A Bitcoin whale is down $13 million as BTC price rebounds 40% from February lows, but the trader continues to stand by the short position
Bitcoin’s brief drop below $80,000 during the last 24 hours has exposed a more fragile market after weeks of gains, but options traders are not yet treating the pullback as the start of a deeper breakdown. According to CryptoSlate data, the retreat erased part of a rally that had carried Bitcoin about 37% higher since […] The post Bitcoin briefly slips below $80,000, but options traders are betting the dip won’t last appeared first on CryptoSlate.
Jack Selby, managing director of Peter Thiel's family office Thiel Capital, warns that a potential pullback by Middle East sovereign wealth funds could drain hundreds of billions from AI investments. Middle East investors account for about 25% of global AI investments committed over the next five years. If the Iran war continues and UAE/Saudi divert funds to rebuilding, data centers and tech companies could face significant impact. Oracle, Nvidia and Cisco are building a 5-gigawatt OpenAI campus in the UAE, while Microsoft plans $15 billion in UAE investment by 2029. Selby compares the AI boom to the dot-com bubble, warning it could be orders of magnitude larger when it busts.
Bitcoin rallied above $77,900 on Wednesday but struggled to sustain gains, with analysts divided on near-term prospects. On-chain analyst Willy Woo gives BTC only 30% odds of rising above the $79,000 cost basis of recent investors. Some analysts anticipate a breakout to new ATH and $250,000 in 2026, while others see a drop below $50,000 to as low as $30,000. Major altcoins including ETH, XRP, SOL, and DOGE risk breaking below their immediate support levels, signaling potential deeper short-term pullback.
Ford Motor Co. raised its 2026 full-year guidance after beating Wall Street expectations in Q1, reporting a $1.3 billion tariff refund benefit after the U.S. Supreme Court ruled some Trump tariffs illegal. The automaker posted adjusted EPS of 66 cents versus a 19-cent estimate, with automotive revenue of $39.82 billion. Adjusted EBIT tripled to $3.5 billion from $1 billion a year ago, while net income jumped to $2.5 billion. Updated guidance now targets adjusted EBIT of $8.5-$10.5 billion, up from $8-$10 billion.
Bitcoin fell from $79,500 as traders repositioned ahead of the FOMC meeting, continuing a pattern where BTC corrected 7 of 10 times after interest rate cuts since 2025. The Jan 29-Feb 5 drawdown saw $2.5 billion in BTC liquidations and $4.5 billion total crypto liquidations, with futures open interest dropping from $61 billion to $49 billion. Despite short-term caution, Strategy accumulated 145,837 BTC in 2026 and spot Bitcoin ETFs saw $3.5 billion in net inflows over two months, providing structural support at key price levels.
Stocks retreated for a second consecutive day as oil prices climbed, with WTI crude topping $107 and gasoline at $4.23/gallon. The Fed's FOMC meeting produced an 8-4 vote against rate cuts—the most divided since 1992—with four dissents. Boeing fell over 3% after China Southern ordered 137 Airbus jets worth $21.37B, while the Club remains optimistic about a potential Boeing order from China tied to the Trump-Xi summit. Big tech earnings from Amazon, Alphabet, Meta, and Microsoft await tonight, alongside PCE inflation data.
Ford Motor Co. is set to report first-quarter results Wednesday with Wall Street expecting 19 cents adjusted EPS and $38.82 billion in automotive revenue, representing a 35.7% EPS increase and 3.7% revenue growth year-over-year. Investors will closely watch impacts from the Iran war, tariffs, and supply disruptions at aluminum supplier Novelis following two fires, alongside any updates to $19.5 billion in special charges related to the company's EV restructuring.
