- Ring The Bell
- Posts
- ☔ Why A New Trade War Is On The Horizon
☔ Why A New Trade War Is On The Horizon
Plus, quantum computers could be the top theme in tech, and more
You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.
Happy Tuesday! Stocks tumbled yesterday as Trump’s new tariff plans on Canada, Mexico and China rattled markets, sending all major indices deep into the red. Here’s what Wall Street is saying — and how investors can prepare for the fallout. Also, discover why quantum computers could emerge as the leading innovation in tech.
—Josh Enomoto
Plus, if you’re looking for an alternative crypto investment vehicle, check out today’s sponsor.
MARKET RECAP
Last week: Stocks dropped Monday as technology and energy sectors led declines, with investors assessing the impact of tariffs set to take effect Tuesday. Bond yields fell sharply, while manufacturing data showed firms ramping up orders ahead of expected price increases. Markets now look ahead to economic reports and policy responses to gauge broader trade implications.
On Our Radar: Analysts will next turn to the ADP employment report for the latest clues about broader economic health. On the earnings front, retail giants Nordstrom and Ross Stores will disclose their results Tuesday after the close.
TOP STORY
Equities sank as investors weighed the economic impact of Trump’s aggressive tariff measures, with trade-sensitive sectors leading the decline.
SPONSORED CONTENT
BNB, the cryptocurrency powering the Binance ecosystem, remains a top digital asset, benefiting from Binance’s dominance in global crypto trading. However, U.S. investors face challenges accessing BNB due to regulatory scrutiny, particularly from the SEC.
While Binance has resolved major legal issues, restrictions persist, limiting participation. Osprey Funds offers a solution through the Osprey BNB Chain Trust (OTC: OBNB), an over-the-counter traded trust that provides exposure to BNB without direct crypto ownership. With Binance’s ecosystem growing and BNB’s deflationary model in place, investors seeking a compliant path to BNB may want to consider whether OBNB fits their portfolio objectives.
This is a paid ad. Please see 17b disclosure here for more information.
FIVE ZINGERS
Hard Line: Chipotle CEO Scott Boatwright stated that despite the tariffs, the company will not pass costs to consumers. Learn more about the generous approach.
Open Lane: Young EV firm Polestar Automotive is taking aim at Tesla, which has struggled under various controversies. Uncover the company's opportunistic strategies.
Monday Blues: After cryptocurrencies soared on Sunday, Monday's price action sent digital assets back down again. Read more about the technical implications of this latest gyration.
Mixed Results: GigaCloud Technology disclosed its Q4 report, generating estimate-beating revenue of $295.78 million. However, an earnings miss sent shares tumbling down.
Inner Divide: House Republicans passed a budget resolution that undergirds several Trump campaign promises. But here's why Medicaid cuts are causing a political fissure.
SPECIAL OFFER
Editor’s Note: Every week, Benzinga Edge members receive the Insider Report. It’s a rundown of what to expect from the markets in the week to come, which sectors are outperforming and why, and most importantly, a selection of hand-picked stocks that are poised to move up because of that week’s trends. Here’s a sneak peek:
Perhaps one of the biggest developments in the tech space over the past year has been in the field of quantum computing. There is some controversy and disagreement amongst tech leaders in terms of how far we are from quantum computing becoming viable, but remember, in markets, perception matters more than reality.
We're looking at the ratio here between the quantum computing sector (QTUM) and technology (XLK). Ever since the summer of 2024, we've seen quantum emerge as a bit theme in the tech space. It really began to take at the end of last year.
A broadening wedge pattern is present on the ratio between QTUM and XLK. If it breaks above the upper horizontal trendline of the pattern, look for quantum to establish its dominance as the big tech theme of 2025. It's still very early.
To keep reading and to find out how investors can get in front of the noise, sign up for the Insider Report here.
SPECIAL OFFER
Go beyond the headlines and uncover what’s really driving the market. From Fed signals to next week’s biggest profit triggers, our exclusive research reveals where smart money is moving—and why.
BEFORE YOU GO
Were you forwarded this email? Click here to subscribe.
And be sure to check out our other newsletters:
Future Finance: Where fintech, crypto and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.
Cannabis Daily: A must-read daily briefing for cannabis investors, operators and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.
Real Estate Weekly: Ready to elevate your real estate game? This weekly newsletter provides actionable insights whether you are investing in REITs, owning property or delving into the fast-growing world of fractional real estate. Subscribe here.
Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.
Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.