April Fool Today?

The April's Fool starts today! Will it be bull or bear for the markets? Let's find out.

Trump’s Tariffs Take Effect—20% Duties on Imports

White House aides confirmed a 20% reciprocal tariff on most U.S. imports, effective immediately as of April 2—dubbed “Liberation Day” by Trump. The Yale Budget Lab estimates a 0.9% to 1% hit to U.S. GDP growth in 2025, signalling economic strain. Markets are jittery as Trump aims to reshape global trade, but economists warn of deeper consequences like inflation spikes and supply chain disruptions.

S&P 500 Climbs 0.38%—Markets Shrug Off Tariff Uncertainty

The S&P 500 rose 0.38% on Tuesday, with the Nasdaq up 0.87%, while the Dow dipped 0.03%. Wall Street showed resilience despite awaiting Trump’s tariff rollout clarity. Posts on X noted the market’s flux, with investors cautiously optimistic—though the S&P 500’s Q1 2025 performance was its worst since 2022, down 4.9% YTD amid trade war fears.

Tech Stocks Rally—CoreWeave Soars

AI cloud company CoreWeave, backed by Nvidia, surged to $52 after a 10% sell-off, rebounding above its $40 IPO price. Big Tech’s $325B AI infrastructure spend in 2025 (Amazon, Microsoft, Google, Meta) is fueling optimism, though tariff risks loom over supply chains.

Gold Hits Record High—Safe Haven Demand Persists

Gold reached a new peak, climbing 19% YTD with 15 record highs in 2025, though some analysts argue the supply-demand outlook doesn’t support further rallies. Investors are flocking to safe havens amid tariff uncertainty and global economic concerns, with gold futures recently surpassing $3,100—reflecting deep market unease.

What is Pete’s Action Plan?

With the market forming another bottom, I will start to buy into good companies. In particular, I will buy into the non-tech sectors which have been quite resilient over the correction.

One of them is my SMG Stock on Spotlight fav - COKE

Just look at it, it is not only up 421% over the last 5 years. It is also up more than 10% in 2025. Handsomely outperforming the SP500.

If you like to find out more of our SMG Stocks, you are welcome to join as our premium subscribers where you get all-access to my trades and top stock picks. We also host weekly live session to make you a better investor!

Use promo code: APRILFOOL for $100 off

Promo ends in 4 days!

Happy Hunting!

Pete
Invest with Pete

🚨‼️ By the way, I’ll never PM anyone on telegram or any other social media platforms. If you receive any “Pete” messaging you, these are scammers impersonating me. Pls beware!

The information provided in this newsletter is for informational purposes only and does not constitute financial advice. Readers should seek their own independent financial advice before making any investment decisions. Please note that while Pete is a portfolio manager, the opinions expressed in this newsletter are his own and do not represent the views of any organization. Always perform your own research and due diligence before investing.