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1 week ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
The market’s technical action improved on Monday due to some tariff delays and dovish comments from a Fed member, but pessimism about economic conditions is building as first-quarter earnings season starts. Despite tariff chaos and economic uncertainty, possible trade deals with countries such as the U.K., Japan, and South Korea could hit at any time.
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1 week ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
The market started strongly on Monday morning following news that tariffs on various electronic devices and semiconductors were being delayed. A strong open on Monday is generally an invitation to reduce exposure, especially when the market is as volatile as this one. The indices were nearly back to flat when Fed Governor Christopher Waller stated that the inflationary impact of tariffs was likely to be temporary and interest rate cuts were "very much" on the table.
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1 week ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
Unsurprisingly, a gap-up open on Monday morning is being sold. When the market is as volatile as it has been lately it is typically a good idea to reduce positions into strength rather than trust that positive momentum will develop. After the initial selling, we will see if there is underlying support, but news risk is extremely high. What the market desperately needs right now is news about trade deals with individual countries.
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2 weeks ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
While some market concerns about tariffs have eased as Treasury Secretary Scott Bessent and his team start negotiations with at least seventy countries, the trade battle with China is intensifying and causing increased concern about the economic ramifications. One of the unexpected consequences of the tariff war is the impact on the dollar and bonds.
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2 weeks ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
Chaos continued on Thursday as a good chunk of Wednesday’s giant gains were reversed. There wasn’t any surprising news that triggered the reversal. It was mainly just lingering questions about how much damage the trade war with China would do and how long it would take to cut trade deals with the rest of the world. Typically, when there is this much uncertainty, investors put money into bonds and the dollar, but both of those asset classes were notably weak on Thursday.
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2 weeks ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
After one of the three best days in the history of the market, the action was very disappointing on Thursday morning, with no interest in buying the inevitable pullback. Typically, big moves create a supply of buyers who have missed out and are anxious to buy dips. They may still be out there but are waiting to buy a lower price. We have to wait and see if support develops. The primary problem is that the tariff pause just isn't enough to overcome worries that the economy is heading for a recession.
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2 weeks ago | 
pro.thestreet.com | Chris Versace |Helene Meisler |Doug Kass |Carley Garner
The market is rebounding sharply following words from President Trump about a pause on tariffs for some countries, even as those for China are raised to 125% effective immediately.
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2 weeks ago | 
pro.thestreet.com | Helene Meisler |Doug Kass |Chris Versace |Carley Garner |James Deporre
Market action is poor again on Wednesday, but there are a few pockets of better action in the Magnificent Seven (MAGS) , which is up about 2%, and a few other names like Delta Air Lines (DAL) and Walmart (WMT) . There is still very little interest in speculative names, however, with just a dozen or so small-caps up more than 10%. The Russell 2000 is lagging the other indexes, and that is keeping breadth negative. The tariff issue continues to produce a mountain of uncertainty.
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2 weeks ago | 
pro.thestreet.com | Chris Versace |Helene Meisler |Doug Kass |Carley Garner
Tuesday’s stock market reversal and afternoon move lower looks to continue Wednesday as President Trump’s reciprocal tariffs have not only gone into effect, but China announced, effective Thursday, it will raise its retaliatory tariffs on U.S. goods to 84% from 34%.
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3 weeks ago | 
pro.thestreet.com | Chris Versace |Helene Meisler |Doug Kass |Carley Garner
Following up on our opening comments, let’s dig into today’s big piece of economic data, which is the ISM March Services PMI report. Setting the table for that report, Tuesday’s March Manufacturing Services PMI showed a slowdown in that part of the economy, with inflation picking up, and employment falling. ADP’s upside surprise in its March Employment Change Report was largely on the services side of the equation.
