
U.S. and China Kiss and Make Up (Sort Of)!
Greetings earthlings! Ace Ventura Pet Detective reporting live from the financial jungle! Last week the market went wilder than a chimpanzee in a banana factory. First up the U.S. and China decided to play nice (for now) relaxing those pesky tariffs! It's like Finkle and Einhorn finally deciding to share a tutu. President Trump might chat with Xi Jinping soon but Beijing is playing coy. Could this be... progress? Yes! YES! Alrighty then!
Saudi Arabia's Got a Fever and the Only Prescription is... More Investment!
Next Trump jetted off to the Middle East and announced a whole kaboodle of deals. The biggest? Saudi Arabia pledging $600 BILLION in U.S. investments! That's enough to buy every single tutu in Miami...twice! GE Vernova is doing the happy dance (7.2% gain!) but hold your horses...this could be bigger than that rare albino penguin I found in Boca Raton. Nvidia our top dog jumped a whopping 16.1% after inking a deal to sell AI chips to a Saudi startup. I said it before I'll say it again... Do NOT go in there!
S&P 500 Gets Its Groove Back!
The S&P 500? Oh it's feeling groovy baby! Up 5.3% for the week and positive for the year. It's like a phoenix rising from the ashes...or maybe just a dolphin leaping out of the water with a rubber ducky. But our momentum indicator? Overbought! Time to trim some fat from Texas Roadhouse Wells Fargo and Eaton. Gotta stay disciplined folks. Just like training a rhino to do the Macarena. Important business.
Inflation? What Inflation?
Inflation is taking a chill pill! Consumer Price Index is at its lowest since February 2021. Producer prices are down too! But hold your horses! Consumer sentiment is still shaky thanks to those pesky tariff concerns. It's like when your parrot starts squawking about taxes. Annoying! The Nasdaq is rockin' a 7.15% weekly increase fueled by a bunch of IPOs. Chime and eToro are the new kids on the block. Goldman Sachs is rubbing its hands together like a kid in a candy store.
Moody's Got the Blues!
Moody's is throwing shade! They downgraded U.S. government debt. Not cool man. Not cool. They blame the rising national debt. It's like finding out your landlord is a debt collector from hell... Can you feel that!? So watch out for ripple effects folks. We'll be watching closer than I watch a missing Shih Tzu.
Earnings Bonanza Incoming!
Hold on to your hats folks! It's earnings season! Home Depot Palo Alto Networks and TJX are all stepping into the ring this week. Will Home Depot see a boost from summer projects? Will Palo Alto see more action because of geopolitical drama? And will TJX keep finding deals like I find...well you know...pets! What is that scratching noise!? We are not going to hurt you!
Comments
- No comments yet. Become a member to post your comments.