The stock market had a volatile week, with AI hardware plays crashing Mon on DeepSeek fears and Trump tariff news Fri. In btw? Massive earnings and a Fed meeting. The Dow rose 0.3% as the S&P 500 and Nasdaq fell solidly. The Russell 2000 hit 50-day resistance. 1/ www.investors.com/market-trend... - ThreadSky

edcarson.bsky.social • 25 days ago

The stock market had a volatile week, with AI hardware plays crashing Mon on DeepSeek fears and Trump tariff news Fri. In btw? Massive earnings and a Fed meeting. The Dow rose 0.3% as the S&P 500 and Nasdaq fell solidly. The Russell 2000 hit 50-day resistance. 1/
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-trump-tariffs-amazon-google-palantir-earnings/

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edcarson.bsky.social•25 days ago

The indexes fell Friday as the White House confirmed Trump will impose 25% tariffs on Canada & Mexico and hike China tariffs by 10% on Saturday - though that hasn't happened yet. Trump also said he'll soon hike tariffs on steel/aluminum/oil/drugs/chips and the EU. 2/

edcarson.bsky.social•25 days ago

Trump hiked tariffs in his 1st term, but mostly on China and ex key items such as the iPhone. Just Sat.'s planned tariffs will be far larger. Also, his 1st-term tariffs followed major tax cuts. And unlike in his first term, inflation is elevated.

So this round is different. 3/

edcarson.bsky.social•25 days ago

Despite everything, quite a few leading stocks flashed buy signals last week. Investors can be making buys, but must be nimble. It's unclear if markets have really priced in Trump tariffs, while the jobs report and more big earnings loom. 4/

jeffyguy.bsky.social•25 days ago

Are the tariffs priced in? The first item of clarity was the immediate reaction. From the announcement until the close, the S&P fell 1.18%. I anticipate further erosion in the days ahead. And if he doesn't carve out an exception for energy, it will get really ugly.

edcarson.bsky.social•25 days ago

Even now, there's speculation that Trump could hold off/modify the tariffs (or quickly roll them back in a few days) citing some token concessions.

jeffyguy.bsky.social•25 days ago

While a display of bluster followed by a rollback would be suitable for investors in the near term, the long-term damage has already been done. The US has shown itself to be an unreliable trading partner, and the global supply chain will adjust accordingly.

edcarson.bsky.social•25 days ago

Google parent Alphabet, Amazon, Palantir and Fortinet headline another busy week of earnings, with all four around buy zones. 5/

edcarson.bsky.social•25 days ago

Tesla flirted with an aggressive entry on Friday before pulling back. Tesla earnings missed even with a Bitcoin gain, and Elon Musk (in contrast to the Q3 call) signaled 2025 will be meh. But Musk sees robotaxis starting this June in Austin. And that's what TSLA is all about. 6/6

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