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- 😮 Why The Inflation Threat Still Lingers
😮 Why The Inflation Threat Still Lingers
Plus, the coming chaos in tech, and more
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It’s Friday! Yesterday’s release of the Consumer Price Index report showed that inflation, at 2.4% in March, had eased more than expected. Still, some experts warn that it's too early to call victory — and investors should be on the watch. Also, learn why the tech sector is entering a phase of mass uncertainty.
—Josh Enomoto
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MARKET RECAP
Yesterday: Stocks slipped Thursday as investors took profits following Wednesday’s rally, with energy and tech sectors under pressure amid lingering trade tensions. Bond yields edged higher, while cooler-than-expected inflation data supported hopes for Fed flexibility ahead. Markets now turn to global tariff negotiations and labor trends for further direction.
On Our Radar: Analysts will be turning to next Tuesday’s release of the import price index to gauge underlying economic viability. On the earnings front, financial giant Goldman Sachs will release its results on Monday.
TOP STORY
The latest reading of the Consumer Price Index report saw inflation come in at 2.4% in March, a lower-than-anticipated figure.
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FIVE ZINGERS
Tech Tumbles: Shares of major tech stocks stumbled on Thursday following the midweek session's sharp rally. Discover the technical implications for traders here.
About Face: Renowned macroeconomic expert Nouriel Roubini — also known as Dr. Doom — has now changed his tune. Discover his bullish outlook on the U.S. and global economy.
Long Distance: Tesla unveiled its latest trim for its Cybertruck, which is offered in rear-wheel drive. Learn about the impressive range that has critics talking.
Red Corner: Former Treasury Secretary Larry Summers rebutted the accusation that China has been cheating on trade. Here's his take on the latest policy tensions.
Crypto Crash: Well-known economic expert Peter Schiff recently targeted the cryptocurrency market, suggesting an end to the fervor. Learn about the potential negative catalyst.
ONE FOR THE ROAD
The technology sector is preparing for a period of uncertainty and volatility due to recent tariffs and the upcoming earnings season, according to Wedbush analyst Dan Ives.
What Happened: Despite hopes for stability following a pause in tariffs last year, the tech industry is facing a less certain reality. Large-scale purchases may see significant downsizing or pauses, contributing to the sector’s volatility, said Ives.
The tech analyst attributes this turbulence to recent tariffs, which have reached as high as 125% on China, significantly impacting the tech industry. While he stated that the pause on tariffs is a good sign, there is still a lot of uncertainty. “There is a framework but the reality is there is mass uncertainty.”
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