The Specter.
Over the weekend, Trump fired off yet another tariff broadside on his way to the Super Bowl. This time he floated the idea of a 25% surcharge on steel and aluminum imports from anywhere in the world, but which would disproportionately impact Canada and Mexico.
Wall Street seemed to have got into a mode of treating what it regarded as Trump’s posturing as just smoke and mirrors until actual policy is implemented and stocks moved nicely higher on Monday, choosing instead to focus on the solid economic data and a generally positive earnings environment. Tech and AI led the way.
After the market…
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