0-DTE Panic-Bid Rescues Stocks After Tech Tumble; Bonds, Bullion, Bitcoin, & Black Gold All Bounce
This article is so good
it's for premium members only.
Does that sound like you?
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
Arguably today's early weakness in stocks could be laid at the feet of Treasury Secretary Scott Bessent who, in his usual stoic manner, refused to confirm or deny any specifics about ongoing trade-talks with China, although he did say it is greatly in China's interest to come to the table (given the huge mismatch in their exports to the US) and also confirmed that talks with Korea and Japan were progressing... "We are continuing to make substantive movement on negotiations with many of our trading partners."
We are continuing to make substantive movement on negotiations with many of our trading partners.
— Treasury Secretary Scott Bessent (@SecScottBessent) April 28, 2025
The negotiations with our Asian trading partners are going very well; the negotiations with the Republic of Korea have gone very well; the @VP's negotiations with India went very… pic.twitter.com/GlhSSmEANc
We admit it's a little harsh to 'blame' Bessent as this weekend was largely 'news-less' on the tariff deal front (dashing the rampant expectations from last week) and this week also sees massive event risk with a whole lot of earnings, plus a fresh JOLTS report Tuesday morning which may provide some insight into the labor market ahead of Friday's more definitive April Payrolls report).