Esteban Ma
335 Articles
Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, mainly focusing on covering equities, cryptocurrencies and commodities. With two years of experience in crypto at Gate.io Research and three years in comprehensive finance, he specializes in cryptocurrency industry analysis and macroeconomic analysis.
He passed the Certificate of Security Qualification(CSQ) and Certificate of Futures Qualification(CFQ).
Written by Esteban Ma
Reviewed by Esteban Ma
Trump and Musk Feud Sends Tesla Shares Plummeting, Shorts Pocket $4 Billion — Bulls Return as Tensions Ease
TradingKey - A public spat between U.S. President Donald Trump and Tesla CEO Elon Musk sent the electric vehicle giant’s shares tumbling nearly 14% on Thursday, marking one of the biggest single-day drops in its history. The sharp selloff handed short sellers an estimated $4 billion in profits...
Fri, Jun 6
U.S. and China Agree to Launch Second Round of Talks, Trump Might Grant China a 'Privilege'
TradingKey - Both sides agreed to resume the second round of trade negotiations, with Trump notably extending a welcome to Chinese students to study in the United States — marking a sharp contrast to his earlier stance restricting international student admissions at American universities.
Fri, Jun 6
Trump and Musk in Full Meltdown: Analysts Warn on Tesla Outlook, Can the U.S. Afford to Lose Musk?
TradingKey — The escalating public feud between U.S. President Donald Trump and Tesla CEO Elon Musk has spiraled into a full-blown market crisis. Tesla shares plunged more than 14%, wiping out a record USD 150 billion in market value — the largest single-day loss in the company’s history.
Fri, Jun 6
Trump's Dollar Dilemma: Why a Weaker USD Stings More Now
TradingKey – During Donald Trump’s second term in office, efforts to reduce trade deficits have clashed with attempts to preserve the dollar’s global dominance, leading to conflicting narratives around whether the administration favors a strong or weak dollar.
Thu, Jun 5
Lee Jae-myung’s Victory Sparks “Korea Revaluation” — Is the Era of the “Korea Discount” Over?
TradingKey - The successful election of Lee Jae-myung, the presidential candidate from the ruling Democratic Party who pledged political stability and economic revitalization, has brought a wave of optimism to South Korea’s stock market and currency.
Thu, Jun 5
U.S. May Nonfarm Payrolls Preview: Risk of Disappointing Jobs Looms, Can Unemployment Hold at 4.2%? S&P Braces for Volatility
TradingKey - The U.S. Bureau of Labor Statistics (BLS) will release the May nonfarm payrolls report on Friday, June 6, with investors closely scrutinizing the data for signs of labor market resilience or weakness. This comes after mixed signals earlier this week — JOLTS job openings unexpectedly...
Thu, Jun 5
Stablecoin Issuers to Become Second-Largest Holder of U.S. Treasuries by 2028?
Experts predict that the passage of the GENIUS Act, a landmark stablecoin regulation, could catalyze a tenfold expansion in the stablecoin market over the next three years. This growth is expected to result in stablecoin issuers becoming the second-largest holders of U.S. Treasury securities.
Thu, Jun 5
ADP Employment and Services PMI Miss Expectations, Trump Urges Powell: "Must Now Lower the Rate"
TradingKey – Just one day after stronger-than-expected job openings data eased concerns about U.S. economic growth, weak ADP employment figures and a surprise contraction in the ISM services sector reignited fears of a slowdown. President Donald Trump once again pressured Federal Reserve Chair...
Thu, Jun 5
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Trillion-Dollar Deficit Tax Bill: Musk Calls for Public Revolt as Trump Pushes Debt Ceiling
TradingKey — U.S. Congress is embroiled in heated debate over Trump’s tax bill that risks ballooning the federal deficit and exacerbating the national debt crisis. The divide has grown so sharp that Elon Musk and President Donald Trump are now publicly at odds—with Musk urging Americans to oppose...
Thu, Jun 5
U.S. April JOLTS Job Openings Unexpectedly Rise, Labor Market Recovery Still Uncertain
TradingKey – The U.S. labor market showed unexpected strength in April as the JOLTS job openings data came in higher than expected, offering some relief amid concerns over Trump’s escalated steel and aluminum tariffs. U.S. stock indexes rose on Tuesday. However, the report also highlighted ongoing..
Wed, Jun 4
Trump's New Move in the Crypto Space! Social Media Platform to Launch Truth Social Bitcoin ETF
TradingKey - After announcing plans to raise more than $2 billion to purchase bitcoin, pro-crypto President Donald Trump has made another move into the cryptocurrency sector. On Tuesday (the 3rd), the New York Stock Exchange filed an application with the U.S. Securities and Exchange Commission (SEC)
Wed, Jun 4
Kospi Index Rises Over 2% After Lee Jae-Myung Won South Korea Presidency
TradingKey - The candidate from South Korea's Democratic Party, Lee Jae-myung, has officially been confirmed as the winner of the 21st South Korean presidential election and will assume office immediately. Investors' confidence was boosted by Lee’s victory, as he seeks to end political turmoil and..
Wed, Jun 4
Apple WWDC 2025 Preview: An Awkward AI Narrative and A Confusing Brand Refresh
TradingKey - Apple’s Worldwide Developers Conference (WWDC) 2025, set to kick off on June 9, is under intense global scrutiny from the tech industry, consumers, and investors—particularly for updates on Apple Intelligence and its broader software roadmap. However, reports suggest that Apple's AI...
Tue, Jun 3
The Dollar(DXY) Posts Worst Start in History—Section 899 Asset Tax Deepens Dollar Woes
TradingKey - Although the easing of U.S.-China tariff tensions briefly slowed the selloff in dollar assets, the Trump administration’s proposed tax on foreign capital has delivered another heavy blow to the greenback. With the U.S. Dollar Index (DXY) down more than 8% year-to-date, the dollar is...
Tue, Jun 3
Is the “TACO” Trade Ending? Trump May No Longer Be the Tariff “Flip-Flopper”, Wall Street Expected
TradingKey - President Donald Trump’s frequent reversals on tariff policy have given rise to a popular trading narrative on Wall Street known as “TACO” (Trump Always Chickens Out)—the idea that market volatility can pressure Trump into backing down from aggressive trade policies, leading to sharp...
Tue, Jun 3
Trump’s Tariff Uncertainty Drags U.S. Manufacturing into Third Consecutive Month of Contraction—Imports and Exports Collapse
TradingKey - Amid the uncertainty surrounding Trump’s tariff policies, the U.S. manufacturing sector continued its contraction in May, with both import and export indicators hitting multi-year lows. Manufacturers and suppliers remain hesitant amid growing trade tensions and policy instability.
Tue, Jun 3
Gold Surges Toward $3,400 — Is the Familiar Gold Rush Back Amid Trump’s Tariff Shocks?
TradingKey - With U.S.-China trade tensions resurfacing and the U.S.-EU tariff conflict escalating, global gold prices surged nearly $100 per ounce on Monday, approaching the key $3,400/oz. Analysts believe that a weaker U.S. dollar and policy uncertainty from Washington will continue to support...
Tue, Jun 3
The Overlooked Japanese Bonds: Why Japan Could Be a “Ticking Time Bomb” for Global Financial Stability?
TradingKey - After three decades of economic stagnation, Japan’s financial environment is undergoing a significant transformation. The Bank of Japan (BoJ) has initiated a tightening cycle through interest rate hikes and reduced bond purchases—triggering volatility in both the yen exchange rate and..
Fri, May 30
Ray Dalio’s Prescription for U.S. Fiscal Deficit: Three Steps to Bring the Deficit-to-GDP Ratio Down to 3%
TradingKey - Although Trump’s tax and spending bill has narrowly passed the House of Representatives, concerns over the U.S. fiscal deficit continue to unsettle global investors. Ray Dalio believes that the U.S. government should aim to reduce its annual budget deficit from around 7% of GDP down...
Fri, May 30
Powell and Trump Hold Rare Meeting: Not Lowering Interest Rates Is a Mistake, Says Trump
TradingKey - On Thursday, May 29, Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump at the White House to discuss economic growth, employment, and inflation — marking their first face-to-face meeting since November 2019. Earlier this year, Trump had threatened to fire Powell..
Fri, May 30
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