It is beginning!

A lot happened this week — record highs, fresh tariffs, and Nvidia literally becoming a $4 trillion beast. Let’s break down what actually matters to us investors 👇

🔥 Top 5 US Stock Market Headlines

1. Trump Tariffs Strike Again
Trump’s not holding back. He’s slapping:

• 35% tariffs on Canada 🇨🇦

• 50% tariffs on Brazil 🇧🇷

• 30% tariffs on Mexico 🇲🇽 
  And he’s threatening the EU next.

Markets got shaky Friday but S&P and Nasdaq still managed record highs earlier in the week — talk about bullish resilience.

🧠 Investor takeaway: Keep an eye on consumer goods, industrials, and tech — they’re most exposed. Rotate a little into defensives like consumer staples or utilities to ride out the noise.

2. Q2 Earnings Season Has Begun
The big dogs are reporting: JPM, BofA, Netflix, J&J… but expectations are lower now (5.8% growth vs earlier 10.2%).

📉 Why? Tariffs + economic uncertainty.

Investor game plan: Stick to companies with strong domestic sales and clean balance sheets. Keep dry powder ready in case we get a dip. SMG members, keep a lookout for my latest trades.

3. Nvidia Hits $4 Trillion 😮
Yup, NVDA just became the first $4T company — riding that sweet, sweet AI boom. Microsoft and Apple might be next.

🚨 Be careful of overconcentration in tech. If sentiment flips, the correction will be brutal.

Pete’s take: Don’t sell your winners too early, but take some chips off the table and start eyeing underloved sectors like energy and healthcare.

4. S&P 500 & Nasdaq Break Records Again
Despite the noise, we hit new all-time highs… again.

Inflation's still tame (2.4% YoY in May), and the bulls just keep running.

But… are we too euphoric? The “melt-up” vibes are real. Tighten your stops and don’t get too greedy.

📊 Macro Watch: What You Need to Know

1. Fed & Inflation Outlook
June’s inflation data will shape everything. For now, the Fed’s on hold, and Powell says he’s in “no rush” to cut.

If CPI surprises to the downside, growth stocks could get a boost. If not… it’s going to be a bumpy ride.

2. Labor Market Holding Up
227k jobless claims — better than expected. Unemployment at 4.1%.

Still strong, but demand might be softening. If jobs slow, it’ll support rate cuts in Sep. If not… Fed might stay hawkish.

3. USD Weakness + Yields Rising
The dollar is down 10% YTD 😱 Worst showing since 1973.

Exporters are happy. Importers? Not so much.

Treasury yields are nudging higher. Stay in shorter-duration bonds for now.

📣 Final Thoughts

This week showed how strange this bull market is. Even with big political moves, earnings worries, and rate uncertainty… we’re still climbing.

But the risks are real — overvalued tech, unpredictable tariffs, and a Fed that’s clearly cautious.

Be nimble. Protect your gains. And be ready to pounce on dips in quality names.

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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.