Bloomberg Surveillance Court Blocks Trump Global Tariffs as Nvidia Lift Markets
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May 29, 2025 A recent court ruling blocked Trump’s global tariffs, sparking a surge in investor optimism and impacting technology stocks. Experts discuss NVIDIA's pivotal role in AI advancements and its implications for future growth. The tech giant's impressive earnings highlight the demand for innovative solutions amid concerns over U.S.-China trade relations. Meanwhile, insights into the investment landscape reveal shifts in sentiment towards major players like Apple and Tesla, connected to evolving tax policies and corporate strategies.
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US Economy Shows Resilience
- Despite economic uncertainty, the US economy remains resilient with projected 2.3% GDP growth.
- Stock momentum continues driven by strong economic data and tariff negotiation optimism.
US Market Rotation and Tax Edge
- May saw a reversal with investments returning to US tech and cyclicals, though defensive sectors still lead.
- The US maintains a competitive advantage with its low corporate tax rate fostering a constructive business environment.
Focus On Earnings, Not Fear
- Investors should focus on earnings growth, avoiding recessionary multiples previously priced in.
- Current earnings estimates justify staying invested in large cap stocks like those in the S&P 500.