Stock Market Updates and Tariff Situation

Introduction

• Weekly updates on the stock market and tariff situation.
• Video updates planned for every Saturday morning.

Market Performance

• S&P 500: Down 2.6% this week, over 10% this year, and over 14% from the top.
• NASDAQ: Down nearly 4% this week, over 15% this year, and almost 20% from the peak (bear market).

Key Influences on the Market

• Fed Commentary:
  • Jerome Powell's wait-and-see approach on interest rates.
  • Acknowledged market volatility but no immediate aggressive action planned.
  • Possible prolonged high interest rates.
• Trump's Critique:
  • Criticism of Powell's stance.
  • Suggested removing Powell and replacing him with Kevin Worsh, a critic of government spending.

Tariffs and Trade Deals

• White House's Claims:
  • 75 countries reached out for negotiations.
  • Prioritizing negotiations with 15 largest economies.
• Europe:
  • Trump confident of a deal.
• Japan:
  • Progress in talks, offering a broad trade package.
• UK:
  • Suspended tariffs on 89 US goods.
• South Korea:
  • Potential trade deal includes natural gas and military protection.
• Vietnam:
  • Regress in talks, meeting with China.
• Australia:
  • Declined China's offer, not retaliating against US tariffs.
• India:
  • Negotiating a significant trade deal, cutting tariffs on US goods.

China-US Trade Tension

• Negative Developments:
  • China banned new Boeing airplanes.
  • Nvidia affected by new licensing rules.
• Positive Developments:
  • Trump in talks with China, confident in reaching a deal.
  • Possible trade deal within 3-4 weeks.

Conclusion

• Optimism for upcoming trade deals.
• Expect continued volatility but long-term opportunities for quality stocks.
• Advice to watch for deals and invest wisely.

Final Notes

• Encouragement to subscribe for continued updates.
• Personal optimism on the US market and economic resilience.