Quotes

Stocks tanked yesterday as investors priced in the likely negative impact of new tariffs on global trade and economic growth. They’re falling further this morning along with crude oil and the US dollar. Gold and silver are rising, while Treasuries are flat.

Last Friday, I sat down with Freddy Gray at The Spectator’s office in Westminster to record an episode of the Americano podcast. We talked about the collapse of the EV market, Britain’s disastrous energy policies, energy humanism, and the tectonic political changes in the US and Europe on climate policy. These shifts clearly impact companies like BP Plc (BP), explains Robert Bryce, editor of Robert Bryce on Substack.

I’m bullish on AES Corp. (AES), which delivered on earnings and EBITDA guidance for 2024 and guided to 60% growth in renewable energy EBITDA for 2025. The company has significantly de-risked both its operating facilities and projects in development by locking in long-term contracts with the world’s leading Big Tech firms, writes Roger Conrad, editor of Conrad’s Utility Investor.

Stocks are steadying in the early going ahead of some potentially market-moving events. Gold and silver are rebounding, while the dollar is dropping notably. Crude oil is stable around $70 a barrel.  It’s “Tariff Eve,” with 25% levies set to take effect on Canadian and Mexican imports tomorrow. China’s tariff rate will also double to 20%. All told, tariffs could apply to around $1.5 TRILLION in annual imports barring a last-minute deal. Europe could be next in the line of fire, too.

Close...but no cigar. That’s how I’d characterize inflation these days, at least from a policymaker perspective. Check out the MoneyShow Chart of the Day here. It shows the year-over-year change in the two main “core” (excluding food and energy) inflation readings we get each month.

Now that a pullback in US stock markets has begun, where will it end? The answer can be found by examining the current market trend in different time frames, writes Ian Murphy, founder of Murphy Trading. We already know the daily chart of the S&P 500 is heading south from our Composite Indicator and help strategy positions as discussed recently. So, let’s take a step back and look at the weekly chart.

Oh boy, did it get ugly last week when stocks collapsed as the algos went into “sell mode.” I think someone hit the wrong button, but it was what it was. There were no surprises to speak of, with Nvidia Corp. (NVDA) blowing the roof off the house, writes Kenny Polcari, chief market strategist at SlateStone Wealth.

Air Lease Corp. (AL) delivered better-than expected results in its fourth quarter ended Dec. 31, 2024, with revenues of $712.9 million, down 0.5% from Q4 2023, and GAAP EPS of $0.83, down 56.1%. Ironically, the EPS decline was due to demand trends, notes Doug Gerlach, editor of Small Cap Informer.

A little over a month ago as Donald Trump was about to take office as President, the 10-Year Treasury Note yield hit 4.80%. Almost every economist and strategist was writing and putting out that the 10-year would hit 5% due to inflation from tariffs. I disagreed – and I still do, writes Ryan Edwards, author at The Investing Authority.

Stocks have had a rough week, with the technology sector getting hit particularly hard. But equities are trying to stabilize so far on Friday. Gold, silver, and crude oil are lower, while Treasuries and the dollar are mostly flat. “Trump Trades” are in trouble. Many of the stocks, sectors, and asset classes that rallied into and after the election are reversing...in some cases, strongly.

Micron Technology Inc. (MU) is bidding for leadership in high-bandwidth memory (HBM) technology with mass production of its 12-stack HBM3e. The chip will position Micron as a critical supplier to Nvidia Corp. (NVDA), and further its ambition to capture a larger share of the lucrative AI-driven memory market, suggests George Gilder, editor of Gilder’s Technology Report.

The Magnificent Seven aren’t looking so magnificent anymore. In fact, they’re not even looking good.Check out the MoneyShow Chart of the Day below. It shows the year-to-date performance of the Mag 7 stocks