HaiKhuu Weekly Recap & Analysis
March 24 - March 28, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
European Union plans concessions for Trump after reciprocal tariffs hit
Google released its newest and ‘most intelligent’ AI model
Trevor Milton, the founder of Nikola was pardoned by President Trump
Major Indices’ Weekly Movement:
S&P 500: -2.66%
Nasdaq: -3.86%
Dow Jones: -1.83%
Monday, March 24
Stock Related News:
The White House is narrowing its approach to tariffs set to take place April 2nd, likely omitting a set of industry-specific tariffs while applying reciprocal levies on a targeted set of nations
EToro just filed to go public through an IPO on the NASDAQ exchange with plans to trade under the ticker $ETOR
Fed’s Bostic:
The fed does not want to move in one direction then have to undo it; better to be more patient
President Trump:
I hope Jerome Powell and the Fed lower interest rates
May give a lot of countries breaks on tariffs
Economic News:
Services PMI:
(Previous 51.0, Actual 54.3)
Manufacturing PMI:
(Previous 52.7, Actual 49.8)
Major Indices:
S&P 500: +1.79%
Nasdaq: +2.04%
Dow Jones: +1.40%
Tuesday, March 25
Stock Related News:
EU antitrust regulators are set to close investigation into Apple’s browser options on iPhones
Napster has been acquired for $207 million
Google released its newest and ‘most intelligent’ AI model
Tesla invited lawmakers in Washington DC to come see its Optimus humanoid robot on Capital hill
Economic News:
Consumer Confidence:
(Previous 100.1, Actual 92.9)
New Home Sales:
(Previous 664k, Actual 676k)
Major Indices:
S&P 500: +0.24%
Nasdaq: +0.57%
Dow Jones: +0.08%
Wednesday, March 26
Stock Related News:
Amazon’s announced new AI-powered ‘interests’ feature, automatically finds new products that match your passions and hobbies
President Trump:
Automobile tariffs will be permanent
Reciprocal tariffs will be on all countries, but they will be very lenient
25% tariffs on autos not manufactured in the United States
Fed’s Kashkari:
In the next year or two, we should be able to reduce interest rates further
9.7 million student loan borrowers became past-due on their bills after the covid-era payment pause expired
Discord will work with Goldman and JPMorgan on planned IPO
GameStop just announced a new $1.3 Billion convertible debt offering
"‘GameStop expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop’s Investment Policy’
Economic News:
Durable-Goods Orders:
(Previous 3.3%, Actual 0.9%)
Major Indices:
S&P 500: -1.19%
Nasdaq: -1.84%
Dow Jones: -0.37%
Thursday, March 27
Stock Related News:
Air France CEO just said:
Canadians have reduced their planned trips to the United States considerably
Lululemon said its forward guidance has 20 basis points of headwinds embedded, reflecting tariffs on China and Mexico
Trevor Milton, the founder of Nikola was pardoned by President Trump
Economic News:
Initial Jobless Claims:
(Previous 225k, Actual 224k)
Retail Inventories:
(Previous 0.1%, Actual 0.1%)
Wholesale Inventories:
(Previous 0.8%, Actual 0.3%)
Major Indices:
S&P 500: -0.27%
Nasdaq: -0.57%
Dow Jones: -0.30%
Friday, March 28
Stock Related News:
European Union plans concessions for Trump after reciprocal tariffs hit
Fed’s Daly:
2 rate cuts is still a reasonable projection for 2025
President Trump:
Nikola startup founder Trevor Milton was treated very unfairly
I don’t think Americans should buy cars not to avoid tariffs
Had a good conversation with Canadian Prime Minister Carney; things will work out between Canada and US
Economic News:
Personal Income:
(Previous 0.7%, Actual 0.8%)
Personal Spending:
(Previous -0.3%, Actual 0.4%)
PCE Index:
(Previous 0.3%, Actual 0.3%)
Consumer Sentiment:
(Previous 57.9, Actual 57.0)
Major Indices:
S&P 500: -2.01%
Nasdaq: -2.63%
Dow Jones: -1.73%
