Saxo Market Call Trump doesn't like TACO. USD breaking down?
19 snips
Jun 2, 2025 Delve into the fluctuations of global equities and the U.S. dollar as trade tensions escalate. Discover how Trump’s tariff strategies might link to unexpected trade dynamics. The conversation shifts to the evolution of warfare, emphasizing technology's role and its economic ramifications. Key market indicators and their impact on the dollar are examined, along with insights on the S&P 500 and significant earnings reports. The interplay between crypto markets and stocks adds another layer to the analysis, all amidst a backdrop of geopolitical shifts.
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Drones Disrupt Modern Warfare
- Cheap drones changed warfare, allowing targeting of costly strategic assets cheaply.
- This questions the future production and value of expensive military hardware.
Trade Tensions Influence Markets
- Trump doubled steel and aluminum tariffs possibly due to feeling insulted by the 'TACO trade' claim.
- Trade tensions with China are rising, affecting market sentiment and the US dollar.
Dollar Breaking Down Against Euro
- The US dollar is weakening, with euro-dollar rising above 1.14.
- Market awaits key US data to confirm if this dollar decline continues.