Today's the last day to get your portfolio in the best shape to handle whatever comes across the transom tomorrow. Either way, how on earth are investors going to trade this?
 
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Hey Snackers,
They say imitation is the greatest form of flattery, and Nvidia CEO Jensen Huang's iconic leather jacket is the currentlook of tech success, so naturally a wealth of sites has sprung up selling knockoffs of his Tom Ford outerwear. That said, his coat, while coveted, is far from the most searched for on Google. That particular honor belongs to a certain chainsaw-wielding figure.
The S&P 500 turned massive losses into a solid gain yesterday. It was shaping up just like Thursday and Friday — a tumble in AI darlings leading the market down — until it wasn't.
The S&P 500 was down more than 1.5%, yet managed to recover those losses and then some, gaining 0.6%. The Nasdaq 100 nearly erased a loss of 2.5% to finish effectively flat. The Russell 2000 ended down 0.6%.
Even so, there was a defensive tinge to the tape. Consumer staples was the best-performing S&P 500 sector ETF (and other traditionally defensive sectors performed well), but financials weren't too far behind in second place. Tech was the laggard, though all sector ETFs advanced.
After the bell, OpenAI announced the biggest tech fundraising round on record, with a $40 billion raise at a $300 million valuation. Here's the thing: there's a catch.
The Trump administration has pointed to April 2 as the day it will roll out a suite of tariffs that, if implemented, would upend decades of global economic order and radically change the assumptions that underscore the structure of the American economy. Who wins, who loses, who knows?
Today's the last day to get your portfolio in the best shape to handle whatever comes across the transom tomorrow. Either way, how on earthare investors going to trade this?
It's safe to say that global markets are rattled:
China, Japan, and South Korea have thrown in their lot together and will jointly respond to US tariffs. Good luck finding another issue that China, Japan, and South Korea have managed to agree on.
American banks are already cutting back their expectations for the US economy, with Goldman Sachsofficially slashing its S&P 500 forecasts for the second time this month, citing higher tariffs and growing recession risks.
Investors are getting uneasy with all this chaos. Event contract platforms like Kalshi give a 42% chance of a recession this year, up from about 18% in January, and Goldman gives a 35% chance of a recession in the next 12 months, up from 20%.
THE TAKEAWAY
Reports indicate the administration is considering a blanket 20% tariff on all US trading partners. No living investor has had a day like that happen in their lifetime. So, not much to say beyond: good luck out there!
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Once upon a time, Etsy was one of the hottest stocks in the market.
Early in the pandemic, panicked buyers who had never visited the site flocked there in search of homemade face masks, which retailers couldn't keep in stock.
The mask boom familiarized millions of locked-down Americans with Etsy as a new option, just in time for the greatest-ever boom in online shopping. That year, Etsy's sales more than doubled, its profits more than tripled, and its stock — along with other so-called stay-at-home stocks like Zoom and Peloton — was one of the best performers in the S&P 500.
Short interest in the handcrafted goods site — signaling that investors are betting on its stock price to fall — has ramped up in a way that flashes "warning," as our chart shows.
THE TAKEAWAY
The company has been making some strategic shifts, though some of them suggest that company leaders don't see a short-term return to growth anytime soon. It may require a more radical, high-profile shift from management to convince the market that the company's spiral isn't permanent.
2 From Q2 2020 to Q4 2024, this revenue is documented in the transaction volume compared to price changes in Bitcoin in Q4 2024 Investor Presentation slide 21 (link). Past performance is not indicative of future results.
4 Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. This company is operating in a highly speculative industry where the underlying value/exchanges they process can be quite volatile (value-wise). Before investing, carefully assess whether a particular stock aligns with your investment objectives, risk tolerance, and financial situation.
The above is for general informational purposes only and is not investment advice. Bitcoin Depot is not a registered investment adviser under the U.S. Investment Advisers Act of 1940.
 
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