🤜 Stocks fight back

and Goldman Sachs predicts

In partnership with

Good morning investors! Yesterday was a crazy ride and we may expect some more similar days this week.

Today we cover:

  • Goldman predicts future

  • Stocks fight back

  • Huawei shines

What do you think of tariffs?

Login or Subscribe to participate in polls.

📊 Economy and News 

What Goldman Had to Say

Goldman Sachs raised the likelihood of a U.S. recession to 35% from 20%, citing the impact of President Donald Trump’s tariffs on the global economy. The brokerage also cut its 2025 U.S. GDP growth forecast to 1.5% from 2.0% and now expects three Fed rate cuts instead of two.

Trump announced upcoming reciprocal tariffs on major trading partners, further shaking markets. Goldman also slashed its S&P 500 year-end target to 5,700 from 6,200, the lowest among Wall Street firms. It predicts the average U.S. tariff rate will rise 15 percentage points in 2025, exceeding prior estimates.

The brokerage anticipates Fed rate cuts in July, September, and November, revising its earlier forecast of June and December cuts. Meanwhile, Europe is expected to fare worse, with near-zero growth for most of 2025 and a likely technical recession. Goldman expects Trump's tariffs on the EU to raise effective rates by 20 percentage points.

Separately, CNBC thinks that first-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions

Global hits:

Exciting: Gold soars to record above $3,100/oz, eyes best quarter since 1986. Elsewhere, Aston Martin shares popped 13% as Canadian billionaire Lawrence Stroll invests more cash. Lastly, AMC, the world’s largest cinema chain, is adding 40 Dolby Cinema theaters to its U.S.-based AMC locations through the end of 2027.

Sponsored by The Daily Upside

Stay Informed, Without the Noise.

Your inbox is full of news. But how much of it is actually useful? The Daily Upside delivers sharp, insightful market analysis—without the fluff. Free, fast, and trusted by 1M+ investors. Stay ahead of the market in just a few minutes a day.

📈 Stocks

S&P 500 5 611,85 (+0.55%)
DJIA 42 001,76 (+1.00%)
NASDAQ 17 299,29 (-0.14%)
BRENT CRUDE 74.74 (+1.51%)
* Prices as of Apr 1st, 12:20 AM UTC

Stocks are fighting

The S&P 500 recovered from earlier losses on Monday, closing the session in positive territory as traders anxiously awaited clarity on President Donald Trump’s tariff policies.

Technology stocks continued to face headwinds, with Nvidia declining 1.2% and Tesla falling 1.7%. Despite last year’s surge driven by artificial intelligence optimism, tech stocks have struggled to regain momentum. Nvidia, once a standout in the AI boom, is now nearly 30% below its 52-week high. Seeking stability, investors shifted toward defensive names, lifting Dow components like Coca-Cola and Walmart.

The S&P 500 remains nearly 9% below its record high from February, having touched its lowest level since September. The Nasdaq, heavily weighted toward tech, also reached levels last seen in September and sits 14% below its December peak.

The benchmark S&P 500 index is down 4.6% for the year, its worst start since 2022 and its worst quarter since September 2022. The Nasdaq posted a 10.4% drop, its steepest quarterly loss since a 22.4% plunge in Q2 2022. Meanwhile, the Dow slipped 1.3% over the first three months of 2025.

On the other hand, shares of vaccine makers Moderna and Novavax, along with a range of other biotech companies, fell after the resignation of key FDA official Peter Marks.

Huawei shines: Huawei reported a 22.4% rise in 2024 revenue to 862.1 billion yuan ($118.2 billion), its second-highest ever. However, net profit fell 28% to 62.6 billion yuan due to increased investments, including 179.7 billion yuan in R&D.

Despite U.S. sanctions restricting access to key semiconductors, Huawei expanded into AI, cloud computing, and automotive tech. The launch of 5.5G networks also boosted sales.

Its consumer business soared 38.3% to 339 billion yuan, driven by a smartphone comeback. A semiconductor breakthrough in China helped Huawei increase domestic smartphone shipments by 37%, gaining market share at Apple's expense. The company also launched HarmonyOS 5, fully independent from Google's Android.

New players: Conservative cable channel Newsmax spikes more than 500% in first trading day on NYSE. On the other hand, CoreWeave shares slump nearly 10% in second day of trading. Lastly, OpenAI funding round could be cut by $10 billion if for-profit conversion doesn’t occur by year-end.

Good to know: Chef Robotics raises $20.6 million to continue building AI robot arms. Elsewhere, Taiwan-based United Microelectronics popped more than 10% on news that it is looking to potentially merge with GlobalFoundries.

💵 Personal Finance

Leveraging AI Tools to Maximize Earnings in 2024

Let’s delve into some of the best AI tools available in 2024 and how you can use them to maximize your earnings.

1. AI Tools for Content Creation

Jasper.AI Jasper.AI is a popular AI writing tool that can help you make money by generating high-quality written content. Whether it's articles, blogs, or social media posts, Jasper.AI allows you to write quickly and efficiently, enabling you to take on multiple content creation projects for clients. With its versatility, you can create ads for businesses, manage social media campaigns, and earn handsomely for your services.

Writesonic Writesonic is a powerful AI tool designed to create SEO-optimized content that ranks well on search engines. By using Writesonic, you can craft high-quality articles, blog posts, and other forms of content that attract traffic, which businesses are willing to pay for. As a freelance content creator, you can leverage this tool to boost your productivity and income.

💰 Be a Better Investor

"Money speaks sense in a language all nations understand."

Aphra Behn

Resources:

What did you think of today's newsletter?

Login or Subscribe to participate in polls.

👩🏽‍⚖️ Legal Stuff
Nothing in this newsletter is financial advice. Always do your own research and think for yourself.