๐ Markets Rally as Trump Delays Auto Tariffs, Bitcoin Surges
๐น U.S. Stocks: Markets rebounded as Trump confirmed a one-month pause on auto tariffs for Canada & Mexico. S&P 500 +1.2%, Nasdaq +1.5%, Dow +1.1%.
๐น Fed & Inflation: ADP payrolls hit 77K (lowest since July), while GDP estimates plunge to -2.8%, fueling recession fears.
๐น Oil & Gold: WTI crude slumped to $66.31 on supply concerns, while gold held firm near $2,910 amid Fed uncertainty.
๐น Crypto: Bitcoin soared +9% to $90K, leading a 4% market-wide rally, as Trump hinted at a tariff reversal.
๐น Global Trade & Energy: Venezuelaโs oil supply faces disruption, while Germany pushes for EU fiscal rule changes.