Podcast
Morning Dose #70: Tariff Tremors Rattle Markets Again – Wednesday 7/9/2025
Key takeaways
- Traders should monitor key resistance and support levels closely, observe sector rotations, and stay prepared for potential market moves triggered by trade-related news.
Morning Dose: Tariff Tremors Rattle Markets Again
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
Market Mood: Futures are pointing slightly higher, but overall market sentiment is cautious as traders await developments on trade tensions.
Overnight Headlines
- News of tariff letters going to seven countries, with more expected later today.
- EU close to a deal with the U.S., but tariff rates may still pose challenges.
- Potential new sanctions on Russia could disrupt energy and materials sectors.
- Asian markets mostly lower, while European markets trade positively.
Economic Announcements
- China’s C.P.I. shows deflation, signaling weakness in consumption.
- Germany’s DAX up over one percent amid optimism on trade talks.
Earnings Highlights
- Verona Pharma (V.R.N.A) up after Merck’s acquisition news.
- AES Corp (A.E.S) exploring strategic options, leading to a notable stock increase.
- RxSight (R.X.S.T) down nearly forty percent on poor revenue guidance.
- Aehr Test Systems (A.E.H.R) attributing losses to tariff-related order delays.
Top Movers
- Apple: Bidding for Formula One screening rights; leadership transition underway.
- Starbucks (S.B.U.X): Reports suggest proposals for its China business, leading to positive market sentiment.
Quick Trade Ideas
Technical Analysis: S.P.Y and Q.Q.Q showing signs of bullish momentum, watch key resistance levels for potential breakouts.