By Chris Becker
As investors still wait for Trump to announce any positive news around infrastructure spending and instead are getting nervous as trade deals are wound back and new tariffs/border taxes are announced instead. This is putting the USD under tremendous pressure, as gold surges alongside Treasuries while stocks are slowly being pushed to the side as cautious reigns.
First to Asia’s start to the week, where the Shanghai Composite started higher, up 0.4% and building off of terminal support at 3100 points, which needs to hold. Momentum is not yet positive and the daily high moving average is not yet breached, so caution for now:
