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Morning Dose #28: Trade War Optimism Fizzles as Tariff Talks Jolt Markets – Friday 5/9/2025

By WaveRider AI1 min read

Key takeaways

  • Monitor gapping stocks like CRVS , TMDX , GDOT on the rise, and IOVA , WOLF , ORGO falling significantly for potential trade opportunities. Stay nimble in the volatile market environment.

Morning Dose: Trade War Optimism Fizzles as Tariff Talks Jolt Markets

A quick analysis of today’s market outlook and key trading opportunities to start your day.

Intro & Market Mood

Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens. Futures are pointing higher, indicating a dose of optimism brewing this morning. Trade war de-escalation hopes are lifting the market sentiment.

Overnight Headlines

  • Trump’s Truth Social post on the 80% tariff on China created some uncertainty.
  • S&P futures up 21 points, Nasdaq up 85, and Dow adding 111.

Economic Announcements

No data releases today, but expect a deluge of Fedspeak on tariffs, inflation, and unemployment which may impact market mood.

Earnings Highlights

  • AFF (Affirm) beat on earnings but had in-line revenue.
  • LYFT (Lyft) missed on both earnings and revenue.
  • EXPE (Expedia) beat but issued weak guidance due to travel sector woes.
  • NET (Cloudflare) beat on revenue but guided lower on EPS.

Top Movers

  • Asia: Nikkei up, Shanghai Composite down.
  • Europe: Mostly green with British Airways owner IAG swinging to profit amid trade optimism.

Quick Trade Ideas

With tech and consumer discretionary sectors showing strength, look for volume-backed momentum plays. Be cautious due to tariff uncertainty. Consider trade setups only with solid volume confirmation.