Daily Newsletter 10/13/25

This morning, U.S. stock index futures are showing a notable rebound following last Friday’s sharp sell-off. The market is reacting positively to a softer stance on tariffs toward China expressed by President Donald Trump, which has eased fears of escalating trade tensions. This renewed optimism has been further supported by the recent ceasefire in Gaza, contributing to improved sentiment among investors. However, despite this more hopeful outlook, geopolitical tensions remain present not only in the Middle East but also in other regions around the world. Given these ongoing uncertainties, we respectfully advise caution. While the market is enjoying a positive reaction today, the broader global environment calls for careful monitoring as risks persist amid complex geopolitical dynamics. Gold, for instance, doesn’t seem to share quite the same optimism—it has recently hit record highs, reflecting continued investor demand for a safe haven amid global uncertainties. So while stocks are rallying, gold is making sure to keep reminding everyone that caution is still warranted.