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The drop in the stock market indices on Friday, April 4th shows that the stronger-than-expected jobs report for March '25 was ignored. The expected range of outcomes for “forward” S&P 500 EPS estimates has widened dramatically in the last week. It will be interesting to see what happens with Q2 '25 S&P 500 EPS expected growth rates as we progress through Q1 '25 earnings releases. The new forward four-quarter EPS estimate is $278.96 versus last week's $268.91, for a sequential increase of $10.15.
Wall Street's worst crisis since COVID slammed into a higher gear Friday.
A leading billionaire investor is warning that the market is a falling knife. He instead thinks investors should load up on high-quality dividend stocks instead. 10%+ return potential, deep discounts, and tariff protection—these are the real dip buys right now.
President Trump's tariffs are not negotiating tactics, but a protectionist move aimed at reversing globalization and boosting U.S. manufacturing, causing market selloffs. The tariffs will harm U.S. consumers and businesses, raising prices and potentially leading to a recession, with an average household impact of $3,800 annually. Big Tech stocks have been hit the hardest by the tariff threat, with the Nasdaq down nearly 16% and the Magnificent 7 down over 20%.
The S&P 500 tumbled 9% as tariff tensions and a spike in volatility hit US stocks. CPI and bank earnings now take center stage for market direction.
Lori Calvasina, RBC, joins 'Fast Money' to talk her year-end S&P 500 forecast after stocks plummet following Trump's tariff announcements.
Several powerful income machines are crashing
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
The WisdomTree Putwrite Strategy Fund (PUTW) is now the WisdomTree Equity Premium Income Fund (WTPI). The change is mainly to the fund's name and alerts investors immediately to the fact that its underlying strategy aims to provide them with income.
On Wednesday after market close, President Trump announced a broad suite of import tax hikes, ranging from 10% to over 50%.