Closing Bell Closing Bell Overtime: Robinhood CEO On Trump Accounts Proposal; Apple’s Make-Or-Break-Moment on AI? 6/9/25
Jun 9, 2025
Mike Santoli, a senior markets commentator, shares insights on today's fluctuating stock market and notable gains from companies like Apple and Tesla. He discusses the implications of ongoing U.S.–China trade talks and their impact on global markets. Santoli also highlights Robinhood CEO Vlad Tenev's recent engagement with the White House regarding Trump accounts. The conversation touches on the challenges facing the EV market in China, the rise of competitors, and the shifting landscape in tech, including Apple's struggles amidst fierce competition.
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Small Caps Poised For Strong June
- Small-cap stocks tend to rebound strongly in June following early year underperformance, often linked to the Russell index annual rebalance.
- Despite tariff risks and uncertainty, approaching trade deal expectations create positive sentiment for small caps.
Cyclicals Signal Economic Resilience
- Cyclical stocks have revived recently, signaling investor optimism about economic resilience.
- Weaker healthcare and soft survey data slightly distort this cyclicals-over-defensives strength view.
China's EV Market Price War
- Chinese EV makers, led by BYD, are slashing prices aggressively, igniting a risky price war.
- Local government backing distorts market discipline, incentivizing companies to prioritize market share over profits.