Wall Street Digest

Apr 07, 2025

Tariffs, tariffs, tariffs. Markets still haven’t found solid ground under the weight of escalating trade tensions.

It’s Sunday night:
📉 Bitcoin is down 6.5%
📉 Dow futures pointing to another 1,500-point slide

Volatility’s the name of the game right now — but remember:
Panic creates prices, and patience creates profits.

Stay sharp. Opportunity always follows chaos.

📉 Indices Performance:

S&P 500: Closed at 5,074.08, down 9.1% for the week, with a 5.97% drop on Friday alone.
Dow Jones Industrial Average: Fell 7.9% over the week, closing at 38,314.86, including a 5.5% decline on Friday.
Nasdaq Composite: Entered bear market territory, dropping 10% during the week and closing at 15,587.79.

💼 Key Drivers:

Tariffs Announcement: On April 2, President Trump announced sweeping tariffs on nearly all foreign imports, leading to a significant market sell-off.
China's Retaliation: China responded with a 34% levy on U.S. imports, escalating trade tensions.
Federal Reserve's Stance: Fed Chair Jerome Powell indicated no immediate rate-cut plans despite rising economic uncertainties.

🚀 Sector Highlights:

Technology: Significant declines contributed to Nasdaq's entry into bear market territory.
Energy: Oil prices plunged to four-year lows amid escalating trade tensions. WSJ
Financials: Major banks like JPMorgan and Citigroup saw declines of over 7%.

🗓️ Looking Ahead:

Economic Indicators: Upcoming reports include the March Consumer Price Index (CPI) and Producer Price Index (PPI), which will provide insights into inflation trends.
Earnings Season: Major banks are set to release earnings reports, offering a glimpse into the financial sector's health amid current market conditions.

📊 Earnings This Week (Apr 7–11)

Mon:
GBX, LEVI, PLAY (AMC)

Tue:
TLRY, WBA, WDFC (BMO)
AEHR, CALM (AMC)

Wed:
DAL, SMPL (BMO)
PSMT, LAKE, STZ (AMC)

Thu:
KMX, LOVE, BYRN (BMO)

Fri (Bank Day 🏦):
JPM, WFC, MS, BLK, BK, FAST (BMO)
PLCE (AMC)

BMO = Before Open
AMC = After Close

Stocks above their 20-day moving average=7%

In 68 years of $SPX history, there have only been five other times it dropped 10%+ in 2 days.

Every single time?
Green a month later — averaging +7.9% gains.

History doesn’t repeat, but it loves to rhyme. (source MarketCharts.com)

Imagine turning back time...

Living through the Great Financial Crisis, the U.S. debt downgrade, the 20% drop in Q4 '18, or the COVID crash — but this time, with the knowledge you have now.
What would you do differently?
Would you panic… or would you position?
Every storm felt like the end.
Every recovery looked obvious in hindsight.