Hello everyone, it’s April 29, 2025. Yesterday’s market session was about as exciting as watching paint dry. After months of Trump-fueled chaos, investors seem almost relieved that… nothing happened. Indices barely moved: 
DJI up 0.28%, 
SPX up a pathetic 0.06%, 
NQ1! down 0.10%. In short: we’re falling from a 150-story building, and so far, so good — but we know the real pain comes when we hit the ground.
Markets are clinging to hopes that Trump’s trade war with China might get a Hollywood-style happy ending. He’s calmed down a bit. Stopped slamming Powell, flirted with diplomacy, and softened up on auto tariffs. But with an avalanche of critical economic data coming (Consumer Confidence, GDP, PCE, Jobs) and Magnificent Seven earnings, no one’s taking big bets right now. Everyone’s waiting to see if the economic parachute opens, or if we get pancaked on impact.
Meanwhile, US macro isn’t looking great. Confidence is sinking — 53% of Americans say their finances are worsening, a record since COVID. Consumer spending is stalling, companies like
AAL and 
DPZ are canceling forecasts, and the real estate market is coughing. Even hardcore Trump supporters are starting to sweat. The US might still technically be growing, but psychologically, the recession has already started.
XAUUSD is holding strong at $3,321, 
WTI is around $61.57, and 
BTCUSDT is cruising near $94,400. Futures this morning are flailing between -0.6% and +0.2%, dancing to the tune of whatever headline drops next.
On the political front, Trump pulled a classic backpedal on auto tariffs: no double penalties for carmakers, partial refunds on tariffs already paid, and promises of time for US production reshoring. Nice words but rebuilding car factories will take years.
As for
NVDA , it’s under pressure after China banned sales of its H20 chips. Huawei’s Ascend 910D chip is stepping in — good for China, but too slow and too pricey for the rest of the world. Nvidia stays king globally for now, but the tech war is heating up.
Today, eyes are on key numbers: US Consumer Confidence (expected 87.7) and JOLTS job openings (expected 7.49M). Also, a heavy lineup of earnings:
V , 
SBUX , 
COKE , 
PFE , 
SNAP , and more.
For now, we’re still in free fall, hoping there’s a giant crash pad waiting at the bottom. Hang tight — it’s going to be another wild one.
DJI up 0.28%, SPX up a pathetic 0.06%, NQ1! down 0.10%. In short: we’re falling from a 150-story building, and so far, so good — but we know the real pain comes when we hit the ground.Markets are clinging to hopes that Trump’s trade war with China might get a Hollywood-style happy ending. He’s calmed down a bit. Stopped slamming Powell, flirted with diplomacy, and softened up on auto tariffs. But with an avalanche of critical economic data coming (Consumer Confidence, GDP, PCE, Jobs) and Magnificent Seven earnings, no one’s taking big bets right now. Everyone’s waiting to see if the economic parachute opens, or if we get pancaked on impact.
Meanwhile, US macro isn’t looking great. Confidence is sinking — 53% of Americans say their finances are worsening, a record since COVID. Consumer spending is stalling, companies like
AAL and DPZ are canceling forecasts, and the real estate market is coughing. Even hardcore Trump supporters are starting to sweat. The US might still technically be growing, but psychologically, the recession has already started.XAUUSD is holding strong at $3,321, WTI is around $61.57, and BTCUSDT is cruising near $94,400. Futures this morning are flailing between -0.6% and +0.2%, dancing to the tune of whatever headline drops next.On the political front, Trump pulled a classic backpedal on auto tariffs: no double penalties for carmakers, partial refunds on tariffs already paid, and promises of time for US production reshoring. Nice words but rebuilding car factories will take years.
As for
NVDA , it’s under pressure after China banned sales of its H20 chips. Huawei’s Ascend 910D chip is stepping in — good for China, but too slow and too pricey for the rest of the world. Nvidia stays king globally for now, but the tech war is heating up.Today, eyes are on key numbers: US Consumer Confidence (expected 87.7) and JOLTS job openings (expected 7.49M). Also, a heavy lineup of earnings:
V , SBUX , COKE , PFE , SNAP , and more.For now, we’re still in free fall, hoping there’s a giant crash pad waiting at the bottom. Hang tight — it’s going to be another wild one.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.