Episode 58: has the “Trump Trade” become the “Trump Trap”

Catch up on the week in Markets with MPCMarket Turmoil: The "Trump Trade" has become a "Trump Trap" as new tariff policies spark a significant stock market downturn, with the Dow Jones dropping nearly 500 points and the S&P 500 erasing post-election gains.Corporate Developments: Major companies face challenges, including Star Entertainment's potential divestment of its Brisbane casino, Rio Tinto's $2.8 billion iron ore mine investment, and Chris Ellison of Mineral Resources losing billionaire status amid share plunges.Tech Sector Volatility: Despite strong earnings reports from the "Magnificent 7" tech giants, their stock performances have been mixed, raising questions about the sustainability of the US tech rally.Commodities and Crypto: Gold and silver rebound after a sharp sell-off, while Bitcoin experiences volatility around the $90,000 level following Trump's discussions about a crypto reserve.Geopolitical Tensions: The CIA suspends intelligence sharing with Ukraine following an Oval Office dispute, potentially impacting Ukraine's defensive capabilities against Russia.