Sentiment remains sour due to intensifying tariff talk. Of course, the global ramifications are immense and the selloff is intense. And April 2nd – aka the Liberation Day – when the US is expected to announce its reciprocal tariffs is the next event to watch. It’s hard to be optimistic when we know that retaliation will emerge and uncertainties will continue with possible retaliation.
Retaliation and the extent of retaliation will determine the next direction of the US dollar and equities. For now, bearish sentiment rules both across the global financial markets. And it is in this difficult market setup that CoreWeave, the Nvidia-backed cloud computing specialized in AI, will start trading today on the Nasdaq stock exchange. The timing of the IPO is clearly not ideal as the AI-related stocks have experienced a significant pullback in their valuations and CoreWeave had to lower its IPO ambitions yesterday and pulled...
