Josh Schafer

1 week ago | aol.com | Josh Schafer

A US trade court decision that put at least a temporary pause on many of President Trump's wide-ranging tariffs isn't cooling Wall Street's fears over policy uncertainty. "It is not clear that this is a catalyst for a sustained new risk-on [trade]," Barclays global chairman of research Ajay Rajadhyaksha wrote in a note to clients while pointing out that lower tariffs would mean less revenue back to the US government.

1 week ago | aol.com | Josh Schafer

Investors have been instantly rewarded for buying the dip in 2025 with the highest return in more than 30 years. Research from Bespoke Investment Group shows that so far this year, the S&P 500 (^GSPC) has risen an average of 0.36% in the next trading session following a down day for the index. According to Bespoke's data, which dates back to 1993, the only other time stocks rebounded even close to this aggressively was the 0.32% average rise seen after down days during 2020.

1 week ago | ca.finance.yahoo.com | Josh Schafer

Consumer confidence rebounded in May after five straight months of declines as President Trump dialed back his aggressive stance on tariffs against China. The latest index reading from the Conference Board was 98 in May, well above the 85.7 seen in April and the 87.1 economists had expected. The expectations index surged off its 13-year low seen in April, reaching 72.8 May, far above the 55.4 in the month prior. This marked the largest month-over-month increase for that metric since May 2009.

1 week ago | ca.finance.yahoo.com | Josh Schafer

Nvidia (NVDA) has outperformed every stock in the S&P 500 (^GSPC) since the launch of ChatGPT in late November 2022. Shares in the chipmaker have risen nearly 700% since ChatGPT brought the power of artificial intelligence to the masses, far outpacing the S&P 500's roughly 45% over the same time period. The next closest gain for an S&P 500 company in that time period is a 540% pop for Vistra Corp (VST). Nvidia has established itself as the key provider of chips needed to operate AI systems.

1 week ago | ca.finance.yahoo.com | Josh Schafer

Stocks' feverish rebound over the past month is now on pause as growing concerns about the fiscal deficit have sent Treasury yields roaring higher and President Trump is once again threatening to escalate tariffs. On Friday, Trump threatened to place a direct 25% tariff on Apple products not made in the US while also warning he'd ramp up duties on the European Union to 50% at the start of June.