Good morning investors! What a day it was yesterday with all indexes flying higher and BTC regaining grounds.

Today we cover:

  • Tariffs go on a break

  • Stocks hit records

  • Earnings (Delta and more)

Reminder: People are buying cars in hordes, why not buy auto insurance as wellย โ€“ starting as low as $38 per month.

๐Ÿ“Š Economy and News

Trumpโ€™s Tariff Shift: A Global Trade Reset

On Wednesday, April 9, 2025, President Donald Trump overhauled his tariff strategy, dropping rates on imports from most U.S. trade partners to a universal 10% for 90 days to kickstart negotiations.

The change, announced hours after stiffer โ€œreciprocalโ€ tariffs took effect on goods from nearly 90 countries, marked a sharp pivot from last weekโ€™s aggressive stance.

China, however, faced a steep escalationโ€”Trump hiked its tariff rate to 125% โ€œeffective immediately,โ€ slamming Beijing for its โ€œlack of respectโ€ toward global markets.

In retaliation, China, the U.S.โ€™s third-largest trade partner, slapped an 84% tariff on American goods, effective April 10, and issued new travel warnings for its citizens.

Trump touted the shift on Truth Social, claiming โ€œmore than 75 countriesโ€ had reached out to negotiate since his initial tariff unveiling.

โ€œPeople were getting a little yippy,โ€ he told reporters, brushing off the reversalโ€™s whiplash.

Treasury Secretary Scott Bessent insisted it was always the plan, despite earlier White House denials. Commerce Secretary Howard Lutnick hailed the announcement as โ€œone of the most extraordinary Truth posts of his Presidency,โ€ crafted with Trump in real-time.

Global hits:

Good to know: Weekly mortgage demand jumped 20% last week. Elsewhere, Walmart says tariffs could hit quarterly profits as it tries to keep prices low. Lastly, 10-year Treasury yield falls from highs after auction eases concerns about demand for U.S. debt.

Must check: Goldman Sachs reverts to non-recession forecast after Trumpโ€™s tariff pause. Whereas, Citi warns tariff pause wonโ€™t prevent inflation, growth hit. On the other hand, Fed minutes show broad sense US risks tilted towards higher inflation, slower growth. Lastly, some remind that Dot-com bust, 1987 crash had massive relief rallies similar to Wednesdayโ€™s pop

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๐Ÿ“ˆ Stocks

S&P 500 5ย 456,90 (+9.52%)
DJIA 40ย 608,45 (+7.87%)
NASDAQ 17ย 124,97 (+12.16%)
BRENT CRUDE 65.48 (+4.32%)
* Prices as of Apr 10th, 12:20 AM UTC

Trumpโ€™s Tariff Twist: A Day of Market Magic

Investors who took President Donald Trumpโ€™s blunt morning nudge to โ€œBUY STOCKS NOWโ€ found themselves riding a wild and lucrative wave.

Just minutes after the opening bell at 9:37 a.m. ET, Trump fired off a Truth Social post: "THIS IS A GREAT TIME TO BUY!!! DJT"โ€”a message signed with his initials, which also happen to be the ticker for Trump Media & Technology, his majority-owned social media venture.

Hours later, the president stunned markets by rolling back some of his recently announced, market-rattling tariffs, sparking a historic rally that turned a dismal week into a windfall for the quick-footed.

What unfolded was a jaw-dropping reversal.

Stocks, battered by a brutal four-day slide that had briefly shoved the S&P 500 into bear-market territory, roared back to life.

The tariff walkbackโ€”a 90-day pause on some of Trumpโ€™s โ€œreciprocalโ€ leviesโ€”unleashed a coiled spring of market energy.

The Dow Jones Industrial Average leaped 2,962.86 pointsโ€”a 7.87% surgeโ€”while the Nasdaq Composite soared 12.16%, its second-best day ever.

For investors who heeded Trumpโ€™s call at the opening bell, the returns were nothing short of spectacular.

Almost stocks jumped with Apple jumping 15% recording its best day since January 1998, when late founder Steve Jobs was the companyโ€™s interim CEO and three years before the company unveiled the first iPod.

Tesla jumped over 21% and Nvidia and Shopify saw 18% gains each. Other companies that recorded two-digit gains included Boeing, Meta, Trump Media, Amazon, Disney, Microsoft, and Google.

There remain causes for concern. A 10% tariff imposed on all countries is still five times higher than levels observed in recent decades, with Canada, Mexico, the EU, and China continuing to face steep rates.

Overseas-produced semiconductors and technology have already declined by more than 30% from their recent peaks. ๐Ÿ“Š Using last yearโ€™s import figures, trade tariffs on China alone are projected to generate approximately $550 billion in additional taxes this year.

Also, with analysts changing their minds, now might be a good time to check our AI tool and find top stocks.

Delta reports: Delta Air Lines reported financial results for the first quarter of the year that exceeded analystsโ€™ expectations on earnings per share, but the airline has withdrawn its 2025 financial guidance, citing โ€œlack of economic clarityโ€ and a stagnant growth environment. The report sent the stock up over 25%,

Constellation Brands earning: The brand gave a weaker-than-expected forecast for the fiscal year, anticipating that higher U.S. tariffs will hurt its business. The Trump administration has imposed a 25% tariff on all imported canned beer. The company, which owns Modelo and Corona, also topped Wall Streetโ€™s expectations for its quarterly earnings and revenue.

๐Ÿ’ต Personal Finance

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๐Ÿ’ฐ Be a Better Investor

โ

This is a great time to buy.

Donald Trump

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