Afternoon Note
First Trade Deal
By Karina Hernandez, Senior Research Analyst
5/8/2025 1:49 PM
The market is rallying after Trump announced the new trade deal with the UK which will results in UK’s tariffs declining 64% and U.S. tariffs ultimately going to 10% from 3.4%.
Markets are paced by older momentum darlings with many getting a boost from earnings results.
Health Care (XLV) is the only sector in red, led lower by Cencora (COR), which is reacting poorly to earnings results. Energy (XLE) is the leading sector and getting a boost from oil prices rising.
Notably, 1-year inflation expectations per the NY Fed Consumer survey were flat in April at 3.6%.
| Comments |
| 99.9% don't understand how tariffs and tariff barriers work. Couple that with all of the negative news in the news media due to TDS confuses people even more. Fear mongering seems to be the norm these days. DJT is a great business man and negotiator + he loves America. We are seeing what leadership looks like again. We are lucky to have him at the helm of the USS America. Tom Hall, Phoenx, AZ on 5/8/2025 6:30:48 PM |
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| 5/13/2025 1:21 PM | Don’t Fight the Feeling |
| 5/13/2025 9:39 AM | THE ULTIMATE SIGH OF RELIEF RALLY |
| 5/12/2025 1:22 PM | Strong Gains |
| 5/12/2025 9:47 AM | MAJOR PROGRESS WITH CHINA |
| 5/9/2025 1:15 PM | Friday Fluctuations |
| 5/9/2025 9:25 AM | SO MUCH EXCITEMENT |
| 5/8/2025 1:49 PM | First Trade Deal |
| 5/8/2025 9:37 AM | POWELL SEES NOTHING |
| 5/7/2025 12:53 PM | Powell Under Pressure |
| 5/7/2025 9:48 AM | THE LUXURY OF BEING GREEDY |
| 5/6/2025 1:20 PM | Anxiety Continues |
| 5/6/2025 9:45 AM | ANXIETY RETURNS |
| 5/5/2025 1:18 PM | Market Consolidating |
| 5/5/2025 9:41 AM | MID-CAP MUSCLE |
| 5/2/2025 1:19 PM | Labor Market Resilience |
| 5/2/2025 9:57 AM | BACK TO THE STARTING LINE |
| 5/1/2025 1:31 PM | Big Tech Resilience |
| 5/1/2025 9:52 AM | MAMA SAID |
| 4/30/2025 1:35 PM | Midday Recovery |
| 4/30/2025 9:52 AM | BIG HITTERS ON DECK |
| 4/29/2025 1:49 PM | Fluctuating |
| 4/29/2025 9:48 AM | BUY SIGNALS & RECESSION TALK |
| 4/28/2025 1:22 PM | Earnings Angst |
| 4/28/2025 10:03 AM | BIG TEST |
| 4/25/2025 1:16 PM | Quiet Friday |
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