Crypto comes under pressure, as Gold surges, and Argentina gets help from US
The focus on Monday is a mini pullback in US stocks, and in some parts of the tech sector. Amazon and Microsoft are lower, as the market digests President Trump’s plan to charge $100,000 for new H-1B visa applications. Amazon and Microsoft are some of the top users of H-1B visas, and the concern is that they will struggle to attract new foreign talent, which could impact productivity down the line. We believe that the tech giants will be able to afford the visas, and this selloff in tech shares will be temporary, in the same way that tariff concerns weighed on stocks before dying down.
However, there is a risk off tone to markets today, stocks are mildly lower in Europe and in the US, as they slip from their post-Fed…
