Trump Tariffs are Back

⚖️ 1. Trump-Era Tariffs Are Back... (for now)

A U.S. appeals court just hit undo on the recent pause of Trump-era tariffs. That means higher taxes on imports from key regions—especially Europe—are back in play while legal wrangling continues. Just days ago, Trump hinted at a 50% tariff starting June 1, before dialing it back to July 9 after a call with the EU Commission President.

🧠 What it means: Expect volatility in industries with heavy overseas supply chains—like autos, electronics, and retail. This could ripple into inflation data and pressure corporate earnings again.

🏦 2. Trump Meets Powell – Pressure or Just a Chat?

In a headline-making meeting, President Trump sat down with Fed Chair Jerome Powell for the first time this term. And while it was reportedly “cordial,” the subtext was clear: Trump wants interest rates lower yesterday.

🧠 Why it matters: The Fed has made it clear it's data-driven, not politician-pleasing. But the market reads meetings like this as smoke before the policy fire. Expect rate cut hopes to grow louder—especially if inflation cools this Friday with the PCE data.

🛒 3. Costco Crushes Earnings… But Stock Slips?

Costco just dropped solid Q3 earnings—beat on revenue, beat on profits, and saw strength in memberships and grocery sales. Yet, the stock pulled back slightly. Why? Some investors may be pricing in consumer fatigue, or just “sell the news” profit-taking.

🧠 Key takeaway: Retail remains strong, but expectations are sky-high. Keep an eye on discretionary spending—Costco may hold up better than other big-box names if things tighten.

🤖 4. Nvidia’s Shadow Grows: Arista Feels the Heat

Nvidia isn’t just winning in GPUs—it’s now stepping further into networking hardware, scooping up massive orders from tech giants like Meta and Google. That’s a huge blow to competitors like Arista Networks, whose stock just took a hit on fears of losing market share.

🧠 For investors: AI infrastructure is a multi-front war—Nvidia’s not just building chips, it’s building empires. If you're betting on AI, you need to look beyond silicon and into the whole tech stack.

📣 Funny Story

So… funny story. We did an awesome Synthetic Options livestream last night. The vibes were good. The content was 🔥.

But guess what?

💻 The recording got corrupted. Like full-on tech meltdown. RIP file. 🪦💾

BUT don’t worry — I’ve already re-recorded the entire session just for you (minus the Q&A of course — I didn’t want to sit there and ask myself questions like a madman 🤪)

👉 The re-recorded replay is now LIVE here:

https://youtube.com/live/4zhxorZKAfU?feature=share

AND if you haven’t opened your Webull account yet… what are you waiting for?

🎁 Fund $10K and make 5 trades — they’ll hand you $300 worth of Apple shares like it’s Christmas in June 🍎💸 (other T&C applies)

PLUS 60 days of zero commission on US stocks & options. Yes please. 🙋‍♂️

✅ Grab the free stuff here: https://rebrand.ly/iwpwebull

Go watch the replay. Get your Apple shares. Laugh at my tech misfortune.

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.