The Trump Tariff: Will He or Won’t He? We’ll Know Tomorrow
Keep an eye on the peso and loonie as Trump’s tariff deadline looms
Highlights
• Keep an eye on the peso and loonie as Trump’s tariff deadline looms
• The U.S. economy is cooling off, and GDP is the proof
• Getting a budget deal done with a razor-thin majority in Congress remains a long shot
• Stocks rally despite receding EPS estimates
Key Takeaways
Tech Earnings and Market Reactions
• The main message from yesterday was that Monday's big AI losers continue to rebound. Apple slightly beat fiscal Q1 earnings views with revenue in line. Services were strong, but iPhone revenue missed amid China weakness. Intel reported a slump in Q4 sales and served up weak guidance, but the former darling in the Tech space is now viewed as a dinosaur and these results received a yawn in the marketplace.
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