Tariffs Blocked, AI Rockets, and Bulls Charge Ahead
🚨 Major Legal Blow to Trump’s Tariff War Plan
In a sweeping decision, the U.S. Court of International Trade has struck down President Donald Trump’s controversial plan to impose universal “reciprocal” tariffs on imports from countries running trade surpluses with the U.S., declaring the move “invalid as contrary to law.”
The court ruled that Trump overstepped his authority, stripping him of the instant leverage that high blanket tariffs offered in trade negotiations. The ruling excludes certain industry-specific tariffs (steel, autos, etc.) tied to different legal provisions, but this still marks a seismic shift in how U.S. trade strategy may proceed.
The White House intends to appeal to the Federal Circuit Court, with a likely escalation to the Supreme Court, but the immediate impact is clear: tariff-driven uncertainty just got pulled off the table, at least temporarily.
This ruling helped unleash a surge in market sentiment overnight, with traders celebrating the legal pushback against what many view as economically reckless and constitutionally questionable trade policy.
💥 NVDA Delivers Again | AI Drives the Market
- 📈 Q1 EPS: $0.96 vs $0.93 est
- 💰 Revenue: $44.06B vs $43.31B est
CEO Jensen Huang highlighted that AI inference workloads have surged 10x in a year, with no signs of slowing. Even after taking a $4.5B hit from U.S. export bans to China, Nvidia showed it can adapt and dominate, repurposing H20 chips and mitigating losses better than expected.
📉 Q2 guidance came in slightly under forecasts due to a projected $8B revenue impact from the continued China ban, but markets shrugged it off.
📈 NVDA stock jumped over 5% premarket, driving strong risk-on momentum across tech.
📈 Futures Soar as Bulls Smell Blood
Fueled by the tariff ruling and Nvidia’s earnings, markets ripped higher:
- 🟢 S&P 500 Futures: +92 pts (+1.6%)
- 🟢 Nasdaq 100 Futures: +415 pts (+2%)
- 🟢 Dow Futures: +535 pts (+1.3%)
The $QQQ tech index surged to ~530 in the overnight session, bringing us just 2% away from all-time highs. With this kind of momentum, 540 looks within reach in the coming sessions — especially if macro data holds up.
📊 Economic Data Dropping Today
The spotlight now turns to a slew of data that could either confirm the rally — or throw cold water on it:
- 🇺🇸 GDP (Q1) @ 8:30 AM ET
- 🇺🇸 Initial & Continuing Jobless Claims @ 8:30 AM ET
- 🇺🇸 Core PCE Prices & GDP Price Index (Q1) @ 8:30 AM ET
- 🇺🇸 Pending Home Sales @ 10:00 AM ET
- 🇺🇸 Crude Oil Inventories @ 12:00 PM ET
- 🇺🇸 7Y Treasury Auction @ 12:00 PM ET
- 🇺🇸 FOMC Member Daly Speaks @ 4:00 PM ET
- 🇺🇸 Fed Balance Sheet @ 4:30 PM ET
Keep your radar up — any weakness here could slow the rally’s pace, but strength will only pour gas on the fire.
🚘 Musk Quits Trump Administration
Tesla CEO Elon Musk has officially stepped down from his role in the Trump administration as head of the Department of Government Efficiency (DOGE). His resignation follows sharp criticism of the administration’s latest tax bill, which he labeled “fiscally irresponsible.”
While Musk claimed DOGE had saved $175B in federal spending, critics say the real savings fell well short of his promised $2 trillion. Either way, it’s another crack in the foundation of Trump’s controversial economic agenda.
🛢️ Oil Jumps on Court Ruling and Inventory Drop
- 🛢️ Brent: $65.29 (+1.5%)
- 🛢️ WTI: $62.88 (+1.7%)
The tariff ruling has boosted risk appetite across commodities as well. A bullish oil inventory report from the API, showing a 4.24M barrel drawdown, added fuel to the move. Traders are now watching official EIA data for confirmation at 12 PM ET.
📣 OP Member Wins | $AAPL Play Pays Big
Shout out to the OP fam — the $AAPL idea dropped in chat yesterday hit perfectly, netting nearly a $3 upside movefrom entry. These are the kind of precision plays the Secret Sauce system keeps delivering week in, week out.
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🔥 Bottom Line for Today
- ✅ Court shuts down Trump’s tariff machine — bullish
- ✅ NVDA crushes earnings — bullish
- ✅ Economic data drop incoming — critical
- ✅ Oil, Tech, and Equities soaring — momentum is real
All eyes on the tape. Stack smart. Trade sharp. See you in chat.
Stack Your Gains™
— Team OP
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