Daily Stock Market News · Markus Heitkoetter

📈 Markets In Turmoil: Nowhere To Run This Time? Plus - Trump's Weekend Tariff Surprise

·26 min

Mark opens the show by noting that Marcus is in Las Vegas for an event, so he carries the market update alone. He frames the day around a question that hangs over the whole session: what comes next after a brutal stretch of trading. The S&P 500 is still below its 200-day moving average, and he ties that weakness to the volatility sparked by a global trade war. A surprise White House announcement about tariff exemptions helps set the tone for the new week. Those exemptions cover PCs, memory chips, smartphones, and other electronics. That news gives tech a lift. Apple becomes the clearest example, because the stock had already been hit hard the week before. He notes that Apple bounced 5.2 percent last week after falling 13.5 percent the week prior. At the open, Apple was at 211.44 and still up 3.2 percent. Mark explains why the company is so exposed to China, while also pointing out that it has shifted some production to India and Vietnam. He says the exemption is temporary and that the situation may change. He then turns to the economic calendar and revisits last week’s inflation data. Core CPI rose 0.1 percent, while CPI itself fell 0.1 percent. That made it the first CPI decline in almost five years. Gas prices helped drive the drop. Year over year, CPI came in at 2.4 percent and core CPI at 2.8 percent, which was the smallest gain since March 2021. He says those numbers would have dominated the conversation if tariffs were not overshadowing everything. PPI showed a similar drop. He adds that none of the inflation data captures the price pressure that tariffs could still create later. The episode also touches on weak consumer sentiment, more bank earnings on deck, and the open positions they are watching. Near the end, he looks ahead to the short week, noting that U.S. markets are closed on Good Friday. The show closes with a light joke and the usual sign-off to traders.

As heard by us

A market update that connects tariff exemptions, inflation data, and Apple to the S&P and the week ahead.

The segment tracks the trading day with tariff exemptions, bond-market concern, and better-than-expected inflation data, while Mark Hodge keeps the focus on how traders are likely reading the mix.

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Need a quick read on a chaotic market week and what might move next?

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