MONEY MASTER

Quick Summary Trump officially picked Kevin Warsh to replace Jerome Powell as Fed chair US stock futures fell , while  gold and silver plunged sharply Crypto markets saw US$1.7B liquidations  amid policy shock Apple and SanDisk delivered strong earnings , led by China recovery and pricing power Key Market Developments Trump Picks Kevin Warsh as Fed Chair President  Donald Trump  confirmed he will nominate  Kevin Warsh  to succeed  Jerome Powell  when Powell’s term ends in May. Market interpretation: Warsh is  supportive of lower rates , but Cautious on heavy stimulus and Fed balance-sheet expansion This reinforced expectations of  tighter liquidity , even if rate cuts resume later in the year. Before the Bell: Market Reaction Nasdaq 100 futures:   -0.39% S&P 500 futures:   -0.27% Dow futures:   -0.22% US dollar:   +0.21% Precious metals were hit hard: Gold:   -4.62% , briefly  below US$5,000 Silver: ...

Markets love a good signal—and this one just made headlines. The  S&P 500  has officially triggered a  “golden cross”  for the first time since February 2023, setting a bullish tone for the second half of 2025. While casual traders may shrug off technical patterns, history says this one is worth paying attention to. Golden crosses—where the  50-day moving average  crosses  above the 200-day moving average —are rare, and they tend to mark the start of sustained bull runs. The timing? Not accidental. After a record-setting comeback from the post-tariff lows in April, this golden cross confirms what momentum traders have sensed for weeks:  the bulls are back in charge . What’s a Golden Cross—And Why Should You Care? In market speak, a golden cross isn’t just pretty—it’s powerful. The pattern is widely seen as a  signal of strength and trend reversal , particularly when backed by strong breadth and participation, as we’re seeing now. This wee...