China hits back

Trump pauses tariffs on Mexico and Canada but not China, Trump orders creation of Sovereign Wealth Fund, Palantir shares surge, gold hits record high, and Bessent tapped to run CFPB ordering staff to halt work...

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Market Briefing
February 04, 2025

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Good morning.

The Fast Five → Trump pauses tariffs on Mexico and Canada but not China, Trump orders creation of Sovereign Wealth Fund, Palantir shares surge, gold hits record high, and Bessent tapped to run CFPB ordering staff to halt work…

The 2 Best Stocks to Play Trump's "Stargate"

The first is a little-known company that already got a takeover offer from Nvidia.

The second is a firm that's trading at just $19 a share and has an 8% yield.

Calendar: (all times ET) - Full Calendar

  • Today:
    Durable-goods orders, 8:30A

  • Tomorrow:
    US trade deficit, 8:30A

Your 5-minute briefing for Tuesday, February 4:

BEFORE THE OPEN

As of market close 2/3/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 40.96% for Week of January 30 2025

Previous week: 43.43%. Updates every Friday.

Market Wrap:

  • Stock futures rose as Trump paused Canada tariffs, following a Mexico reprieve.

  • Dow +154, S&P +0.5%, Nasdaq +0.7%, boosted by Palantir’s 22% surge.

  • Monday’s sell-off reversed late; Dow fell 600+ intraday but closed down just 0.28%.

  • Key jobs data Friday to shape Fed outlook.

EARNINGS

Here’s what we’re watching this week:

HEADLINES

The US and Mexico have agreed to a month-long pause on the implementation of tariffs, President Trump and Mexico's president Sheinbaum said in social media posts Monday.

The move follows through on an idea he floated during the presidential campaign.

  • Trump's trade war salvo heightens market turbulence (more)

  • China hits back US tariff with 15% levies on some US (more)

  • Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work (more)

    • Treasury, Bessent sued over giving access to Musk’s ‘DOGE’ team (more)

  • US manufacturing rebounds (more)

  • Dollar gains ground over risks from trade war (more)

  • Gold hits record high as Trump tariffs spur safe-haven buying (more)

  • Treasury curve flattens most since November on stagflation risk (more)

  • Palantir shares surge 15% after company posts strong earnings, outlook (more)

  • Vanguard makes biggest cuts to fund fees in its history (more)

  • Salesforce cutting 1,000 roles while hiring salespeople for AI (more)

  • OpenAI and Softbank partner to push AGI and agents (more)

  • Temu parent PDD’s stock tumbles as Trump tariffs close trade loophole (more)

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DEALFLOW

M+A | Investments

  • DOJ sues to block Hewlett Packard Enterprise's $14B Juniper deal (more)

  • KKR to raise Fuji Soft bid to 9,850 yen a share, above Bain's offer (more)

  • Tyler Technologies, Inc., a public sector software provider, acquired MyGov, a platform for managing permits, inspections, planning, and zoning (more)

VC

  • ElevenLabs, a research company specializing in text to speech and AI voice generator, raised $180M in Series C funding (more)

  • Riot, an employee-focused cyber-protection software platform, raised $30M in Series B funding (more)

  • Lula, a platform for streamlined property maintenance solutions, raised $28M in Series A funding (more)

  • SuperOps, an AI-driven IT platform transforming operations for IT service providers and internal IT teams, raised $25M in Series C funding (more)

  • Jump, a provider of AI solutions for financial advisors and other financial services providers, raised $20M in Series A funding (more)

  • Zest Health, a virtual care company focused on treating patients with inflammatory skin diseases, raised $13M in Seed funding (more)

  • Vetigenics, a clinical-stage animal health biotechcompany, raised $6M in Seed funding (more)

  • Affineon Health, a company specializing in AI-powered solutions to streamline the inbox for healthcare industry, raised $5M in funding (more)

  • Invary, a runtime integrity solutions provider, raised $3.5M in Seed funding (more)

  • Gallabox, a provider of a no-code conversational platform, raised $3.5M in funding (more)

  • Diag-Nose.io, a respiratory healthcare company, raised $2M in Seed funding (more)

CRYPTO

  • Crypto markets rebound as Trump puts Canada, Mexico tariffs on hold (more)

  • Ether Volatility Explodes to Over 100% as Price Crashes (more)

  • What to make of MSTR’s bitcoin pause (more)

BULLISH BITES

🔔 A trade war bell is hard to unring.

👎 DeepSeek's R1 model failed every test safety researchers threw at it.

🌍  Where USAID funds are disbursed around the world.

DAILY SHARES

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