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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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