Hear ye! Hear ye! The United States has finally been liberated…maybe? This day of tariffs has been marked with a red X on everyone’s calendar long before March 19th when President Trump officially dubbed it “Liberation Day”, but that doesn’t mean we’re anymore prepared then the first day it was announced. US stocks experienced continued volatility as traders are in wait-and-see mode ahead of the 4pm announcement which is expected to significantly impact global trade. Tariff ranging from 10- 20%…

It’s the eve of liberation day or better known across the world as April Fool’s Day, with investors patiently waiting for the uncertainty around tariffs to end. But as the late great Tom Petty once said, “the waiting is the hardest part” and that comes to an end tomorrow at 3pm in the rose garden of the White House. Investors will hopefully receive concrete trade policy tomorrow which could help alleviate the uncertainty in the market, but will it be enough to undo that damage that has been don…

I think it’s safe to say there was a collective sigh felt at the close today as investors closed the doors on Q1. Volatility and uncertainty reigned supreme throughout the quarter and today was no exception. Traders awoke to futures deep in the red after Trump’s comments that he plans to start reciprocal tariffs with all countries, which not only contradicted last week’s rumors that tariffs would be more targeted but also set a grim table for Wednesday’s ‘liberation day’. However, indices fough…

Uncertainty reigns supreme as Washington continues to roll out tariff headlines, and traders still have 3 sessions until the April 2nd “Liberation Day”. Auto tariffs were the culprit this time and the auto sector responded by seeing the manufacturers drop (Ford -3.9%, GM -7.4%, Stellantis -1.3%). But as investors have been talking about recession concerns later this year, underlying economic data continues to be supportive to a healthy economy. Granted today’s GDP data was for Q4, it still rose…

One week from Liberation Day and investors are at a loss (literally) as the S&P 500 closes deep in the red. Tariffs, trade wars and soft economic data had kept investors on the sideline, but a significant selloff in tech Megacaps drove major indices lower after a three-day rebound. Mag7 names were all in the red, with Nvidia (-5.7%) being hit the worst, tumbling after The Financial Times reported that China is raising restrictions on chips. According to the report, the government is encouraging…

Major indices struggled to find direction today but held up fairly well in the face of news flow that leaned negative. Futures started the day in the green after yesterday’s broad-based gains, but slowly reversed course after some confusing signals from the White House regarding tariffs, followed by some downbeat economic data, another negative housing earnings report from KB Home (-5.2%) and a warning about US fiscal health from Moody’s. Further on the eco data, there was a weaker than expect…

For weeks now tariff concerns have dominated the tape and weighed on market sentiment, but today traders breathed a bit easier. Headlines made the rounds that Trump’s April 2nd ‘Liberation Day’ tariffs may be more targeted than the anticipated barrage and a number of countries may escape unscathed. Tech names that have fallen out of favor caught a bid with some dip buyers entering the fray – the ever-volatile Tesla deserves a special mention after posting double digit gains. Cautious optimism w…

Wild moves and instability continued on Thursday as futures gave back all of yesterday’s gains early AM before the US market open. Equities fell in lock step with European indexes as concerns over US tariffs impacting the region’s economies remain and US fiscal policy uncertainty continues. Stocks sprang higher as US investors entered the fray after the US open with the SPX rallying 1.5% by 11am only to roll back over and fall 1.25% by 2:30pm, finishing slightly lower. As the earnings calendar…

When expectations for a change from the status quo out of the Fed meeting are nil and yet you’re still clamoring for the minutes and subsequent presser, you know you’re missing the frenzied nature of the market for much of 2025. The relative calm lately persisted today, as investors grapple w/ a market primed for a bounce vs the potential for further deterioration. Today more resembled the former. Elements of the FOMC were largely unchanged but just as rock beats paper, it was determined liquid…

After two days of relief, the rebound for US Markets hit a wall. All major US indexes were in the red with the tech heavy Nasdaq leading the decline. Volumes remained muted across the board with the S&P 500 vols down 18% vs the 20d average. In addition, over 65% of the stocks in the index declined on the day. You’d be hard pressed to find a sector that wasn’t negative at some point during the session, but defensive sectors were the place to be for outperformance with telecoms, healthcare and en…