Esteban Ma
341 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
Where Does U.S.-Japan Trade Negotiation Stand? Japan “Wants It All”: A Good Deal and a Stable Yen
TradingKey - The main reason for the delay of U.S.-Japan trade negotiation appears to be Japan’s increasingly firm stance — resisting two of President Trump’s core demands: yen appreciation and automotive tariffs.
Fri, May 16
Just After U.S.-China Trade Deal, Trump Stirs the Pot — New Chip Export Blacklist Against China
TradingKey - Just days after rolling back semiconductor export restrictions imposed by the Biden administration, the Trump administration is reportedly preparing a new export blacklist targeting Chinese tech companies, casting a shadow over the recently thawed U.S.-China trade relations.
Fri, May 16
What Are the Key U.S. Inflation Indicators? How Does CPI Affect the PCE Index?
TradingKey - When discussing U.S. inflation, the CPI (Consumer Price Index) and PCE (Personal Consumption Expenditures Price Index) are considered the two most important indicators for measuring consumer inflation. The earlier release of CPI can influence PCE through price linkages, changes in...
Fri, May 16
Walmart Q1 FY26 Earnings: The Era of Low Prices Won’t Last — the Price Hike Nightmare Begins in May!
TradingKey - Walmart (WMT.US), the U.S. retail giant, continued to deliver solid revenue growth in the first quarter of fiscal 2026 and achieved a milestone with its e-commerce business turning profitable for the first time. However, its strategy of winning market share through low pricing is...
Thu, May 15
U.S. Stocks Soar, but Treasuries Plunge to “Trump’s Bond Bottom” — What’s Behind the Disconnect?
TradingKey - As the S&P 500 recovers all losses caused by Trump’s new tariff announcements and the Nasdaq enters bull territory, U.S. bonds — also dollar-denominated assets — have notably lagged behind. Of particular concern is that the yield on the 10-year Treasury note has recently surged above...
Thu, May 15
Boeing (BA) Stock Surges 50% in a Month – Is the Aviation Giant Turning the Corner?
TradingKey - In the last month alone, Boeing’s stock has surged nearly 50%, signaling that the company may finally be emerging from its crisis.
Thu, May 15
The Oil Price Dilemma: Trump Favors $40, Call Options Bet on $95
TradingKey - With Donald Trump expressing a continued preference for lower oil prices, the market now faces a dilemma: should it follow Trump’s rhetoric or economic fundamentals?
Wed, May 14
Is the Dollar Rally Just a Blip? Hedge Fund Watcher: The Multiyear Dollar Bear Market Has Just Begun!
TradingKey — Following the U.S.-China tariff agreement reached in Geneva, the U.S. Dollar Index (DXY) saw a sharp rebound, only to experience its biggest drop in a month shortly after. Although the easing of trade tensions has somewhat calmed bearish sentiment toward the dollar, analysts warn that..
Wed, May 14
Trump's Middle East Visit: Saudi Arabia Pioneers the AI Era, U.S. Secures Trillion-Dollar Investment, NVIDIA and AMD Surge
TradingKey — U.S. President Donald Trump’s Middle East visit has brought both Saudi Arabia’s AI development vision and major U.S. tech and manufacturing firms into focus, culminating in the largest commercial agreement ever signed between the two countries.
Wed, May 14
U.S.-China Tariff Truce: Wall Street Rushes to Rewrite Reports – No Recession, Bull Market Continues
TradingKey – Following the U.S.-China agreement to significantly cut tariffs after the Geneva negotiations, Wall Street giants like Goldman Sachs and JPMorgan Chase rushed to revise their economic forecasts, flipping from bearish to more bullish stances: lowering recession risks, raising GDP...
Tue, May 13
Elon Musk in Politics for Three Months – Did “Tesla Killers” Really Have a Happy Q1?
TradingKey – Tesla (TSLA.US) remains the dominant force in the U.S. and global electric vehicle (EV) market. However, with Elon Musk’s transition to head the Department of Government Efficiency (DOGE), anti-Tesla sentiment surged across the U.S. and Europe — offering opportunities for Tesla killers.
Tue, May 13
As Apple Remains Lagging from Tariff Shock, Cook Calls Trump and Slashes iPhone Prices Ahead of 618 Sale
TradingKey – The unexpected U.S.-China trade breakthrough sent Apple’s stock (AAPL.US) soaring over 6%, yet Apple remains the only major tech giant that has not fully recovered its losses since President Trump announced new tariffs on April 2 — “Liberation Day”. Facing mounting pressure, Apple is...
Tue, May 13
U.S. April CPI Report Incoming – A Major Test of Trump’s Tariff Impact
TradingKey – At 8:30 a.m. ET on Monday, May 13, the U.S. will release its April Consumer Price Index (CPI) report, widely seen as the first key indicator to reflect the inflationary impact of President Trump’s new tariffs and the escalating trade war.
Tue, May 13
China’s Ace, America’s Achilles’ Heel: Is Rare Earth the Key to the U.S.-China Tariff Cut?
TradingKey – The first round of U.S.-China economic and trade talks concluded with both sides agreeing to significantly cut tariffs — a move officially justified by the importance of bilateral trade relations for both nations and the global economy. However, behind the scenes, strategic industries..
Mon, May 12
Cryptocurrencies Did Not Rally After the U.S.-China Trade Deal. Is the Tariff Agreement Bullish or Bearish?
TradingKey – Following the conclusion of U.S.-China tariff negotiations, both countries jointly announced on May 12 a temporary 90-day reduction in tariffs, with cuts far exceeding market expectations. While risk assets such as U.S. equity futures and oil prices surged in response, Bitcoin (BTC)...
Mon, May 12
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U.S.-China Tariff Deal Exceeds Expectations, Risk Assets Rally in Major Reversal! Nasdaq Futures Up 3%, Hong Kong Stocks Jump 6%, Oil Rises 3%, Gold..
TradingKey – Following high-level economic and trade talks, both China and the United States announced "substantial progress" in their negotiations. According to a joint statement released on May 12, China will cut its tariffs on U.S. goods from 125% to 10%, while the U.S. will reduce tariffs on...
Mon, May 12
Crude Oil Market Imbalance: Weak Q1 Results from “King of Oil” Aramco May Be Just the Beginning
TradingKey – Before U.S. President Donald Trump’s official visit to Saudi Arabia, Saudi Aramco — the kingdom’s cash cow and the world’s largest oil producer — released its first-quarter 2025 earnings report. Affected by persistently weak global oil prices, Saudi Aramco’s profits fell by 4.6%...
Mon, May 12
U.S.-China Tariff Talks Bring Positive News, Could Chinese Yuan Return to the "6" Level?
TradingKey - Following two days of high-level talks over the weekend, U.S.-China trade negotiations have achieved "substantial progress," easing global trade tensions sparked by the tariff war under the Trump 2.0 administration. Goldman Sachs forecasts that the Chinese yuan could appreciate...
Mon, May 12
"Suicidal" Tax Cuts? Trump Undermines His Own Base: Plans to Raise Tax Rate to 39.6% on Wealthy
TradingKey – After facing fierce backlash over proposed cuts to Medicaid, U.S. President Trump, determined to extend his 2017 tax cuts and manage debt, has now turned his blade toward his own allies—considering higher taxes on the wealthy and eliminating the carried interest tax break for hedge...
Fri, May 9
U.S.-UK Talks Pave the Way: What Will Be Discussed in the China-U.S. Trade Negotiations That Could Impact Half the World?
TradingKey – After the U.S. and the UK reached the first tariff agreement in the Trump 2.0 trade-war era, the world’s eyes now turn to the China-U.S. trade talks. Despite the UK leading the charge, uncertainties still loom over the China-U.S. negotiation.
Fri, May 9
