
The Fastest Trade War In History
NEWS
The Fastest Trade War In History

Source: Tenor.com
The days are long, but the trade wars are short. At least, that’s how we think the saying goes. Nevertheless, the market turned lower as futures opened on Sunday but found some stability during regular trading hours as Trump’s tariff standoff with Mexico and Canada reached a short-term conclusion. Meanwhile, earnings continue to dominate the conversation as investors look for a catalyst to keep the market moving higher. 👀
Today’s issue covers the North American trade war of 2025, Palantir’s push above $100, Eric Trump’s crypto pump, and other noteworthy pops and drops. 📰
Here’s the S&P 500 heatmap. 6 of 11 sectors closed green, with energy (+0.63%) leading and technology (-1.35%) lagging.

Source: Finviz.com
And here are the closing prices:
S&P 500 |
5,995 |
-0.76% |
Nasdaq |
19,392 |
-1.20% |
Russell 2000 |
2,258 |
-1.28% |
Dow Jones |
44,422 |
-0.28% |
POLICY
Mexico & Canada Fold After U.S. Flexes 💪
Stocks sold off on Friday as President Trump imposed a 25% tariff on Canada and Mexico, enacting the rule way earlier than anticipated. Over the weekend, both countries retaliated with their own tariffs, causing stocks and other risk assets to plummet sharply on Sunday evening when the futures markets opened.
The market traded sideways for most of the pre-market session and looked like it was set to make fresh lows shortly after the open. However, a discussion with Mexican president Claudia Sheinbaum led to a monthlong pause of both countries’ tariffs after they agreed on steps to reinforce border security. 🗺️
Later in the day, Canadian Prime Minister Justin Trudeau announced the implementation of a $1.3 billion border plan, increasing resources to stop the flow of fentanyl. The country is also making new commitments to appoint a Fentanyl Czar, use $200 million for a new intelligence directive on organized crime, and more. 🚨
And just as quickly as it began, the North American trade war of 2025 was over. But not without lots of volatility to chop up traders and investors in the process. Proposed tariffs from all countries will be paused for at least 30 days as discussions continue. However, this situation signals what most of us already knew: volatility will likely remain elevated in 2025 as the new administration implements its proposals in classic Trump fashion…with optics at the forefront of every decision.
Time will tell how this specific situation plays out. But for now, other countries are on notice…allies or otherwise. Trump’s tariffs are here, and everyone’s fair game. 😨
And if you’re worried that the 24/7 newsflow will mess up your portfolio, don’t fret because another exchange is working to expand its U.S. equity trading hours. The CBOE announced plans to make U.S. equity trading 24/5, beginning the regulatory process to follow the New York Stock Exchange and others that are looking to expand trading hours to meet rising demand.
As for America’s investments, Trump signed an executive order outlining plans for a government-run sovereign wealth fund to serve as an economic development tool (and maybe buy TikTok). We’ll see if the crypto industry gets its wish for a strategic Bitcoin reserve, but this could be a step towards more investment in the space. 🪙
EARNINGS
Palantir Pumps To New All-Time Highs 🤩
The Stocktwits community has been a major fan of Palantir Technologies during most of its epic run, and expectations were high heading into today’s results. Roughly 54% of the 3,600 polled investors expected a significant gap up after earnings, and boy did they get it. 😯
The company’s fourth-quarter adjusted earnings per share of $0.14 on $828 million in revenues topped expectations of $0.11 and $776 million. Additionally, its first-quarter and full-year revenue guidance both exceeded consensus estimates. 💪
CEO Alex Karp attributed the software and tech services company’s success with defense agencies to its use of artificial intelligence (AI), saying, “Our business results continue to astound, demonstrating our deepening position at the center of the AI revolution… Our early insights surrounding the commoditization of large language models have evolved from theory to fact.”
Revenues rose 36% YoY and 29% for the full year, with Karp describing the momentum the company is seeing across its commercial and government segments as “unlike anything that has come before.” 📊
Meanwhile, Wedbush’s Dan Ives discussed the earnings results on CNBC and said he believes Palantir is the next Oracle and Salesforce, adding that tonight’s results were a “jaw dropper” as the AI revolution takes hold.
The Stocktwits community appears to agree, with sentiment sitting in ‘extremely bullish’ territory as shares hit a new all-time high above $100 after hours. With shares up 17x over the last two years, expectations are high. But the company continues to beat and raise estimates, keeping the momentum intact. 📈
STOCKS
Other Noteworthy Pops & Drops 📋️
Talos Energy (-4%): Named veteran Shell executive Paul Goodfellow as its CEO, effective March 1. The move comes as the company fends off takeover attempts.
Talen Energy ($TLN +6%): Bank of America (BofA) Securities initiated coverage with a ‘Buy” rating and a price target of $253, implying an upside of 14% from Friday’s close.
Triumph Group ($TGI +34%): The company agreed to be taken private by the affiliates of Warburg Pincus and Berkshire Partners in a $3 billion deal.
BriaCell Therapeutics (-20%): Announced what it called an “unprecedented clinical response,” including the complete resolution of a lung metastasis in a patient with metastatic breast cancer.
Uber ($UBER +2%): Roughly 90% of Stocktwits users polled expect the stock to gain in 2025, with 72% of respondents expecting a 30% increase or more.
Cleveland-Cliffs ($CLF -4%): The materials giant’s preliminary fourth-quarter results missed estimates, with revenues dragged down by muted auto industry demand.
Nokia ($NOK +2%): The Finnish networking giant won a contract to upgrade New York’s largest internet exchange’s backbone.
Greenwave Technology Solutions ($GWAV -11%): The company, which operates metal recycling facilities for steel mills and industrial partners initially popped on Trump’s tariff news, but sold off as a resolution was reached.
CRYPTO
Eric Trump’s Ethereum Pump 🙃
Crypto also took a major dive during the tariff news but recovered most of its losses along with the stock market as trade agreements were hammered out. However, it wouldn’t be a day in crypto without some old-fashioned grifting.
Today, Eric Trump took to X to pump his Ethereum bags, saying, “It’s a great time to add $ETH.” He also said, “You can thank me later,” before quickly editing that out, likely at the request of his legal team. 😂
In my opinion, its a great time to add $ETH. You can thank me later.
— Eric Trump (@EricTrump)
9:52 PM • Feb 3, 2025
As for the Stocktwits community’s view on crypto in 2025, most are optimistic about the market, but some are more bullish than others. Roughly 37% of the 13,300 respondents said they’re longing “safe bets” Bitcoin and Ethereum, while 41% of the community said they’re looking for 10-100 baggers in the altcoin space. 🤑
Notably, despite altcoin optimism, Trump’s meme coin continues to flounder. It’s down 75%, and Stocktwits sentiment hit a fresh low in ‘extremely bearish’ territory.
WHAT’S ON DECK
Tomorrow’s Top Things 📋
Economic data: JOLTs Job Openings (10:00 am ET), Factory Orders (10:00 am ET), Fed Bostic Speech (11:00 am ET), Fed Daly Speech (2:00 pm ET), Fed Jefferson Speech (7:30 pm ET). 📊
Pre-Market Earnings: PayPal Holdings ($PYPL), Spotify Technology ($SPOT), Pfizer ($PFE), Merck ($MRK), Regeneron ($REGN), PepsiCo ($PEP), Nintendo ($NTODY), Estee Lauder ($EL), Ferrari ($RACE), KKR & Co. ($KKR), Apollo Global ($APO). 🛏️
After-Hour Earnings: Google ($GOOGL), Snap ($SNAP), Advanced Micro Devices ($AMD), Chipotle Mexican Grill ($CMG), Enphase Energy ($ENPH), Electronic Arts ($EA), Lumen Tech ($LUMN), Match Group ($MTCH), Oscar Health ($OSCR). 🎧
P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍
Links That Don’t Suck 🌐
🧑🏫 Join a free 2-hour online workshop on 2/8 to learn investing strategies from IBD’s market experts*
✂️ Vanguard announces the largest fee cut in its history
🛰️ Ontario ends contract with Musk’s Starlink over US tariffs
🛢️ OPEC drops U.S. EIA as a secondary source assessing oil production
🛑 Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
⛈️ Climate change to obliterate $1.5 trillion in U.S. home values, study finds
📭️ ‘We deserve more’: USPS union members vote to reject contract agreement
🧑💼 Microsoft co-founder Bill Gates on trying acid, the future of AI, and Trump’s healthcare focus
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
COMMUNITY
Love Stocktwits? We’re Hiring! 💼
Think you’ve got what it takes to write The Daily Rip for over a million readers? Now’s your chance to prove it. We’re hiring a senior writer to take over our flagship newsletter property and drive its growth. If you love markets, newsletters, and retail investors, read the job description and apply here.
We’re also hiring a crypto community manager, director of data sales, and business development representative (advertising sales). You can view and apply to all our open roles here. We look forward to chatting with you soon!
Or want to sponsor this newsletter and reach hundreds of thousands of passionate investors and traders? Reach us here.
Terms & Conditions 📝
Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋
