Summary
Futures team nailed 2 trades. 1 ES long for +25 points and a NQ long for +46 points. Options team bagged 3 trades: DKNG +215% IWM +100% CITI +33%
Market Recap
Market Movers
No market movers this week..
📚 Deep Dive 📚
On April 2, 2025, President Donald Trump introduced new "reciprocal tariffs" as part of an initiative called "Liberation Day." The plan sets a 10% tax on all imports, with even higher rates for countries seen as engaging in unfair trade. China was hit with a 34% additional tariff, the European Union with 20%, and Japan with 24%.
Market Response:
At around 4:15 PM President Trump began his speech of Liberation Day, initially speaking words the market took as bullish, but as details of the reciprocal tariffs emerged--market sentiment shifted dramatically. The comprehensive nature of the tariffs, particularly the significant duties on major trading partners like China and the EU, sparked concerns about escalating trade tensions and potential economic repercussions. This led to big pump and dump in all markets....
Investor Concerns:
Experts worry that the new tariffs could make prices go up, disrupt global trade, and lead to other countries fighting back with their own tariffs. This could be a dangerous tit-for-tat all out trade war. There are also fears that this could cause inflation or even a recession. Some believe the market didn’t react as strongly because investors think the tariffs might be reduced later. This could very well become a problem if there is no solution before the week is over.
My short term thoughts: Considering the sharp drop, I’m betting we bounce back to the initial scene of the crime by the end of Thursday’s U.S. trading session.
SPY Target by end of the Day = 557
How did GAR do in trading?
Futures team nailed 2 trades. 1 ES long for +25 points and a NQ long for +46 points.
Options team bagged 3 trades:
Tomorrow will bring great opportunities in stocks, options, and futures—we’ll be ready.