Also look at the Asian markets.

Source: Bureau of Economic Analysis, Yale Budget Lab, Matthew Klein's calculations

Looks like calls are back on the menu boyz

https://finance.yahoo.com/news/samsung-q1-profit-drop-21-220519805.html

(Reuters) - Samsung Electronics is expected to forecast a 21% drop in the first quarter profit on Tuesday, hurt by sluggish sales of artificial intelligence chips and continued losses in its contract chip manufacturing business.

📉 Q1 operating profit expected at 5.2 trillion won (~$3.62B), down 21% YoY.
⚠️ AI chip demand is softer than expected, and the foundry division is still bleeding cash.
🏁 SK Hynix is taking the lead in AI memory, securing major deals with Nvidia and others.
💾 DRAM prices down ~25%, NAND flash down ~50% — both crushing margins.
🇨🇳 Chinese firms cut back on AI chip orders after stockpiling last year.
🏭 U.S. foundry plant delayed to 2027 due to a lack of major clients.
📱 Mobile division saw a modest bump, reporting 3.7 trillion won in profit.
💸 Rising U.S. tariffs on electronics may push Samsung to rethink and diversify its manufacturing locations.

https://finance.yahoo.com/news/tesla-bull-slashes-stock-price-184418063.html

(Bloomberg) — One of Wall Street’s most bullish Tesla Inc. analysts slashed his price target for the stock by 43%, citing a brand crisis created by Chief Executive Officer Elon Musk and US President Donald Trump’s trade policies.

“Tesla has essentially become a political symbol globally,” Daniel Ives, a Wedbush Securities analyst who’s rated the carmaker’s shares a buy for the last four years, wrote in a report to clients Sunday. “It is time for Musk to step up, read the room, and be a leader in this time of uncertainty.”

Ives reduced his Tesla share-price target to $315 from $550, which had been the second-highest among the 72 analysts tracked by Bloomberg.

Ives’ biggest concern is the potential for Tesla to get caught up in backlash against the US president’s tariff policies in China, where Tesla generated more than a fifth of its revenue last year. President Xi Jinping’s government plans to impose a 34% tariff on all imports from the US starting April 10, matching the level of Trump’s so-called reciprocal tariffs on Chinese products.

“This will further drive Chinese consumers to buy domestic such as BYD, Nio, Xpeng and others,” Ives said in his note issued Sunday. “We now estimate Tesla has lost/destroyed at least 10% of its future customer base globally based on self-created brand issues, and this could be a conservative estimate.”

Tesla shares plunged 15% in the two days after Trump announced he would apply at least a 10% tariff on all countries’ imports into the US, with even higher duties on some 60 nations to counter trade imbalances. The stock has fallen 50% from its record high reached Dec. 17.

@Mods, positions in the comments.

After $128K gain on Thursday (https://www.reddit.com/r/wallstreetbets/s/qOjv43GWC9), I kept most of my puts in place on Friday and reaped more gains.

However, I did initiate some long positions via calls in NVDA, META, HOOD and BG. The thought process was that 🥭 would maybe soften his tone a bit over the weekend but as of Sunday afternoon, he still has not.

I anticipate I’ll continue to let my SPY, QQQ, and XLF puts ride considering they are so deep in the money and 4/17 expiry.

I’ve also cashed out some gains to my bank account. Always take some chips off the table after a big run so you don’t give it all back!

Good luck everyone, should be another volatile week.

This is just the first round of tariffs set to be imposed. I think to allow for a negotiation period giving Trump an excuse to ease off.

If Trump doesn’t back down, expect more tariffs in a few weeks.

it’s been real

In the past when equity markets have experienced a steep correction, BTC has usually tanked exponentially more. It's been a little surprising to see BTC and MSTR relatively calm last week. I have two theories.

1.) Investors see a weakening dollar and US withdrawal from global markets and are turning to BTC as a true store of value.

2.) BTC is running on fumes and is poised for a 50% dump in the next couple months.

Thoughts?

I manage to lose money both shorting and buying

Well not to get too political, but as someone who thinks Trump is a grifter and a con, this drop was as obvious as anything I’ve ever seen. It was telegraphed a mile away.

Video posted instead of a screenshot to show this is a real account

And to anyone wondering how I lost 7k on SPY puts, those are options I sold in August 2024 which were up around 30k when I bought the puts below them around a month ago. My goal was to avoid paying short term capital gains, otherwise I would have closed the top position

Wish I would have bet more, but hindsight is always 20/20.