S&P Equal Weight has outperformed S&P Cap Weight during easing cycles
Source: Jefferies thru RBC
President Trump to announce new tariffs on Semis & Pharma - India tariff to rise "substantially" within 24 hours
President Donald Trump told CNBC’s “Squawk Box” that planned tariffs on pharmaceuticals imported into the U.S. could eventually reach up to 250%, the highest rate he has threatened so far. He said he will initially impose a “small tariff” on pharmaceuticals, but then in one year to a year and a half “maximum” he will raise that rate to 150% and then 250%. President Donald Trump said Tuesday he will unveil new tariffs on semiconductors and chips as soon as next week. “We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said during a lengthy interview on CNBC’s “Squawk Box.” Trump said that that announcement would come “within the next week or so.” Source: CNBC
US Trade Deficit Plunges 16% in June to $60.2B – Lowest Since 2023!
Sharp import drop drives the narrowing, beating economist forecasts of ~$61-62B. Positive boost for GDP as net exports rise! Source: Andrea Lisi, CFA @Andrea_Texas_82, BEA
Nvidia & Microsoft alone account for almost half of sp500 $SPX returns this year
Source: Tatiana Darie, MLIV, Bloomberg thru Joumanna Bercetche
Nasty print on the US ISM services... sounds "stagflationary"
US ISM Services PMI Actual 50.1 (Forecast 51.5, Previous 50.8) US ISM Services Prices Paid Actual 69.9 (Forecast 66.5, Previous 67.5) US ISM Services Employment Actual 46.4 (Forecast -, Previous 47.2) US ISM Services New Orders Actual 50.3 (Forecast -, Previous 51.3) Source: ISM
Buffett's 10 investing rules
Source: Invest In Assets @InvestInAssets
The Worst Investing Mistake
Source: Brian Feroldi
Super Micro shares plunge 15% on weak results, disappointing guidance...
Nothing super about it.... $SMCI 🩸 Here’s how the company did in comparison with LSEG consensus: - Earnings per share: 41 cents adjusted vs. 44 cents expected - Revenue: $5.76 billion vs. $5.89 billion expected Source: Trend Spider
