Wall Street Breakfast Trump playing chicken with the world?
Apr 4, 2025
Tariffs are back in the spotlight, sparking fears of a trade war and sending markets tumbling. Tesla faces drama with its stock tied to Q1 delivery numbers, while Musk juggles his attention between his electric empire and Dogecoin. Retailers show mixed results amidst economic challenges, but some shine bright. The tech sector's decline raises questions about future investments. As economic indicators hint at potential stagflation, all eyes are on upcoming earnings reports to gauge market demand.
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Tariff Implications
- Trump's tariffs are more draconian than predicted, causing market adjustments.
- This could be a negotiation tactic or a politically motivated move with recessionary risks.
Navigating Tariff Volatility
- Investors should watch how permanent these tariffs are and their impact on consumer prices.
- The tariffs, ranging from 10% to 49%, will likely increase consumer costs.
Retail & Tech Stock Reactions
- Retail stocks reliant on overseas supply chains are declining, like Five Below (-26%), Gap (-18%), and Kohl's (-24%).
- Tech stocks are also affected, with Apple down 8%, and other giants also declining to September levels.