Stocks Surge, Bitcoin Bounces Back Over $85K: A Wild Monday on Wall Street!

Trump's Tariff Twist Sends Investors into a Frenzy

Hold onto your hats, folks! The major U.S. stock indices closed Monday with a bang, while Bitcoin shot back up over the $85,000 mark, soaring 7% in the last week alone. Talk about a rollercoaster ride!

What's got everyone's heart racing? None other than President Donald Trump dropping a bombshell by exempting smartphones, computers, and other goodies from his "reciprocal" tariffs. Investors are breathing a sigh of relief and popping champagne bottles after this unexpected twist.

Apple's shares? They're skyrocketing, baby! KeyBanc Capital Markets just upgraded the stock from Underweight to Sector Weight, and they're all in on the tariff exemption hype. They're saying the worst-case scenario is out the window—for now, at least. Time to break out the party hats!

Robinhood's Stephanie Guild was on CNBC, and she spilled the tea: "We've taken some dry powder and put it to work last week. But we're not going all in because, you know, diversification is the name of the game. We're not just ditching the dollar; we're being smart, balancing between those low-volatility stocks and the high-flyers. There's a safety net now, and that's huge."

Meanwhile, the CBOE Volatility Index (VIX) took a nosedive, dropping over six points on Monday. U.S. Treasuries? They're dipping too. It's like a green light for equities, and investors are flooring it!

Bitcoin? It's been flirting with $85,000 all day, teasing us with its ups and downs, but it just can't seem to break through. But hey, $84,000 is holding strong, and that's something to celebrate. The crypto market? It's standing tall, even with Mantra (OM) crashing 90% after its CEO blamed forced exchange liquidations. Some folks are crying insider selling and fraud, but the broader market? It's not even sweating.