Just as predicted - Usd/Cad now on the move in past hour - more tariffs on aluminium/steel announced by Pres Trump
Confirms that he is def not market watching.
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And now Usd/Cad is back to where it kicked off - why?
Because Pres Trump has commented that he will probably cancel the 50% & revert to 25% - or some other decision.
TA out the window in these circumstances - stocks blipped up on the comments - maybe he is market watching after all.
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Those plans took a leap fwd today - 513 for 207 against
Expected to pass next stage on Friday coming
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While Trump is endorsing Elon Tesla vehicles on the White House lawn, lol, we are experiencing real market movement.
Tesla short sellers land a $16.2bn payday on stock plunge as rival BYD hits record high on world’s fastest EV recharging tech.
Short sellers betting on Tesla decline have now pocketed $16 billion
- BYD hit a record-high market cap of nearly $160 billion thanks to its latest innovation, while a steep drop in the share price of Elon Musk’s carmaker has lined the pockets of Tesla bears. Musk’s politics appear to be hurting his business, since “it’s not people with cowboy boots who buy Teslas.”
Tesla bulls have it hard right now. After suffering an unprecedented plunge in the stock price that has enriched short sellers to the tune of $16 billion, arch-rival BYD just celebrated an all-time high.
Shares in the Chinese EV manufacturer hit a record after it unveiled two new models from its Dynasty family: the five-meter-long Han L executive sedan and the Tang L SUV, vehicles that are capable of recharging just as fast as refueling a conventional combustion engine car.
While the Chinese manufacturer is investing further in EV innovation, Elon Musk’s carmaker has chosen a strategic pivot towards the development of humanoid robots, which he believes will vault it to become the world’s most valuable company.
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