Globus Medical (NYSE:GMED) Azioni

GLOBUS MEDICAL INC - A

Globus Medical

Globus Medical Inc is a medical device company that develops and provides healthcare products and solutions to hospitals, physicians, and surgical centers. The firm's products are organized into two categories: musculoskeletal solutions, which include medical devices and instruments used mostly for spinal and orthopedic procedures, and enabling technologies, which include advanced computer systems developed for enhancing surgical capabilities. The vast majority of the company's revenue is generated from musculoskeletal solutions products, and more than half of the revenue is earned in the United States. It also has its presence internationally.

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Indicatori di ipercomprato e analisi di mercato lanciano un allarme: quali strategie adottare per proteggere il tuo portafoglio?

Titoli sanitari a rischio: 2 azioni da vendere prima che sia troppo tardi

Globus Medical, Inc. Class A Common Stock

Globus Medical Inc

Macro Economic Events

Econ #s

Economics

Germany Trade Balance For February 17.7B Vs. 18.4B Est.; 16.2B (Revised) Prior

Germany Industrial Production (MoM) For February -1.3% Vs. -0.9% Est.; 2.0% Prior

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="936" height="556" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1.jpeg" alt="" class="wp-image-9835" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1.jpeg 936w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1-300x178.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/07061618/image-1-768x456.jpeg 768w" sizes="(max-width: 936px) 100vw, 936px" /></figure>
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It's been a challenging few days.
There's been a mountain of news about the direction of&nbsp;<a href="https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/">global trade policy</a>, which has been followed by a tsunami of research and insights intended to help investors make sense of it all.
I've spent a ton of time sifting through much of it, and I've concluded: It is impossible to know what will happen next.
While&nbsp;<a href="https://www.tker.co/p/wall-street-agrees-tariffs-are-bad">everyone agrees</a>&nbsp;that the announced tariffs are negative at least in the near-term, the range of potential outcomes is very wide and impossible to define precisely. Not only are the indirect effects hard to capture, the uncertainty is heightened by the possibility that at least some of the tariffs are short-lived or negotiated lower.
Consequently, I'd caution against listening to folks who have a high degree of confidence in the particular outcome they're touting. There are just too many unknowns to be able to model a clean forecast.
A couple of analysts I follow had some particularly insightful commentary on the murky state of things.
"There is no tariff playbook," BofA's Savita Subramanian wrote on Thursday. "Known unknowns are plentiful." From her note:
Investors looking for historical parallels are faced with scant observations from incomparable eras (e.g., 1930s Smoot Hawley ended badly). Import/export exposure by company is difficult to estimate and not regularly disclosed. Full supply chains are hard to figure out. Secondary impacts are even hazier: prolonged negotiations could stall activity spiraling into a recession. Calls to boycott U.S. goods could ramp further. But pricing power and currency moves can mollify tariff impacts. Ex-U.S. multinationals can avoid tariffs (and maybe enjoy lower corporate tax rates) by expanding U.S. footprint. Our constructive equity outlook relies on at least partial resolution from which corporates can plan and grow by early 2H25, as capacity buildouts are multi-quarter phenomena.
Among the many challenges in analyzing the impact on the stock market is the fact that regulations don't require publicly-traded companies to disclose many details about their overseas exposure. This is something I've mentioned in past discussions about&nbsp;<a href="https://www.tker.co/p/us-listed-companies-share-of-global-profits">S&amp;P 500 revenues generated outside of the U.S.</a>
To Subramanian's point about boycotts,&nbsp;<a href="https://www.tker.co/p/boycott-america-gdp-stock-market-negative-impact">earlier this week</a>&nbsp;Goldman Sachs economists also highlighted the challenges in estimating the magnitude of this second order effect.
Subramanian estimates that the impact of tariffs could drag S&amp;P 500 earnings per share (EPS) by 5% to 32%. Yes, that's a wide range. And even she acknowledges that it's derived from an "oversimplified scenario analysis."
On&nbsp;<a href="https://www.bloomberg.com/news/audio/2025-04-04/bloomberg-surveillance-jobs-and-tariffs-podcast">Bloomberg Radio on Friday</a>, Renaissance Macro's Neil Dutta addressed the shock to GDP that economists have been estimating as a result of the announced tariffs. He too cautioned: "These calculations understate the hit to some extent, because you're just looking at direct costs. You're not including, ‘What are the ramifications to corporate confidence? Household confidence?' The spillover and knock-on effects. I think that's why I think it can be even worse."
In terms of modeling how the ongoing trade war will unfold, Dutta added: "We're all just guessing at this point."
Oaktree Capital's Howard Marks, also speaking to Bloomberg on Friday,&nbsp;<a href="https://www.bloomberg.com/news/audio/2025-04-04/bloomberg-talks-howard-marks-talks-market-selloff-podcast">said</a>: "The world economy and the world order beyond the economy — meaning geopolitics and international relationships — has been shook up like a snow globe by the events of the last days, and nobody knows what it&#8217;s going to look like."<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4e66fe10-8fe0-4cbd-a67c-22ea11dd7d48_782x436.png" target="_blank" rel="noreferrer noopener"></a>
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4e66fe10-8fe0-4cbd-a67c-22ea11dd7d48_782x436.png" target="_blank" rel="noreferrer noopener"></a>"Today, whatever your forecast may be, you have to say the probability that I&#8217;m right is lower than ever," Marks added. "Because the probability that we know what the future is going to look like is lower than ever."
While uncertainty and market volatility may be elevated in the near term, experts generally agree that stocks continue to be attractive for long-term investors. It's just that the near future has become very difficult to predict.
It's times like these where the best move is to&nbsp;<a href="https://www.tker.co/p/sam-ro-unlucky-market-timer">stick to your financial plan</a>, which hopefully takes into consideration periods of high volatility and uncertainty.
Watch earnings season &#x1f440;
If there's any good news, the first quarter just ended. This means we'll soon be in earnings season, when companies will give more color on what they see and where they expect things to head.
This could be productive, because so far we haven't heard much about&nbsp;<a href="https://www.tker.co/i/156333109/tariffs-are-not-factored-into-earnings-guidance">how tariffs may impact earnings</a>. Here's what RBC's Lori Calvasina had to say in her research note on Wednesday:
We&#8217;ve been reading earnings call and conference transcripts closely since November across market capitalizations, sectors, and industries and feel fairly confident in saying that U.S. public companies have been very reluctant to discuss tariff impacts (outside of China) until specific details have been provided by the administration, and even then, many still have not given sell-side analysts a lot of specifics to start factoring into their models. The incremental information provided Wednesday (we hope) will enable sell-side analysts to push companies a bit harder to get the conversation going about these policies. This is important, because for U.S. equities to put in a durable bottom, EPS forecasts need to be adjusted which in turn will give investors confidence to assess valuations and make decisions about when opportunity has been unlocked in certain corners of the U.S. equity market.
"Like most analysts and strategists, we&#8217;ll be digesting the implications of the newly announced reciprocal tariffs in the coming days," Calvasina wrote.
All eyes and ears will be on Corporate America in the coming weeks as earnings season picks up.
Will we get&nbsp;<a href="https://www.tker.co/p/sp500-earnings-guidance-q1-2025">more clarity</a>? Or will we learn they have no clue where things are headed either?
As always,&nbsp;<a href="https://www.tker.co/p/stock-market-drawdowns-bull-markets">keep your stock market seat belts fastened</a>. Investing in the stock market is&nbsp;<a href="https://www.tker.co/p/stock-market-down-days-drawdowns-down-years-normal">an unpleasant process</a>.
More insights from Sam Ro:
<ul>
<li>One Of The Most <a href="https://www.benzinga.com/markets/equities/25/03/44361076/one-of-the-most-misunderstood-moments-in-stock-market-cycles">Misunderstood </a>Moments In Stock Market Cycles</li>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44079509/preparing-for-worse-doesnt-mean-dumping-stocks-investing-wisdom-from-market-guru-sam-ro">Preparing</a> For Worse Doesn't Mean Dumping Stocks</li>
<li><a href="https://www.benzinga.com/exclusives/25/02/43917155/warren-buffett-americas-businesses-usually-find-a-way">Warren Buffett</a>: America&#8217;s Businesses &#8216;Usually Find A Way&#8217;</li>
</ul>
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Analyst Color

Earnings

Long Ideas

Market Summary

Broad U.S. Equity ETFs

Opinion

Sam Ro: If You Know Where Things Are Heading, Then You Probably Don't Know What You're Talking About

U.K. Halifax House Price Index (YoY) For March 2.8% Vs. 2.8% (Revised) Prior

U.K. Halifax House Price Index (MoM) For March -0.5% Vs. 0.2% Est.; -0.2% (Revised) Prior

The S&amp;P 500 and the Dow Jones Industrial Average indices appear to be tracing a concerning pattern of consecutive steep declines, a phenomenon last witnessed during the Great Depression.
What Happened: According to the historical data shared by analysts, both the key indices have triggered a rare sell-off signal.
Ryan Detrick, the chief market strategist of Carson Research, highlighted in an X post that if the S&amp;P 500 closes down by 4% on Monday, it would mark the third consecutive day of a 4% or greater decline. He states that this has only happened three times in history, all during the Great Depression.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Should the S&amp;P 500 close down 4% tomorrow, that would be three days in a row it was down at least 4%. That has only happened three times in history and all were during the Great Depression. <a href="https://t.co/jEIsgoMl49">pic.twitter.com/jEIsgoMl49</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1909077635960832211?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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Similarly, Jason Goepfert, a consultant at White Oak Consultancy LLC, notes that futures indicate a loss greater than 3% for the Dow Jones. If this occurs, it would also be the third consecutive loss greater than 3%, which has only happened four times during the Great Depression.
The Sentimentrader graph provides a glimpse into the Dow&#8217;s performance following these historical &#8220;signal dates.&#8221; The data reveal a mixed bag of outcomes over the subsequent weeks and months, underscoring the uncertainty, even after such historically significant events. Returns ranged from substantial gains to significant losses across various timeframes.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Futures indicate another loss in the Dow Industrials greater than -3%. Futures are finicky, but that&#39;d be its 3rd consecutive loss greater than -3%. Since 1896 &#8211; 129 years of history &#8211; this only occurred during the Great Depression. <a href="https://t.co/egAOcqLBC0">pic.twitter.com/egAOcqLBC0</a>
&mdash; Jason Goepfert (@jasongoepfert) <a href="https://twitter.com/jasongoepfert/status/1909042602210423192?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/04/44644834/recession-imminent-analyst-flags-60-market-crash-risk-under-worst-tariff-scenario">Recession Imminent? Analyst Flags 60% Market Crash Risk Under Worst Tariff Scenario: &#8216;It&#8217;s Messy&#8217;</a>
Why It Matters: As of Friday, the S&amp;P 500 was nearing the bear market zone as it closed 17.46% lower than its previous record high of 6,147.43 points. Dow was 14.99% down from its 52-week high of 45,073.63 points, whereas the Nasdaq 100 was already in the bear market territory, 21.71% lower from its high of 22,222.61 points.
The catalyst for this dramatic market selloff was President Donald Trump&#8216;s sweeping new tariffs on imports from U.S. trading partners, introduced on Wednesday after market close. This triggered a crash on Thursday and Friday, when China announced its retaliatory measures.
The magnitude of these consecutive drops has drawn stark comparisons to the Great Depression, a period marked by severe economic contraction, widespread unemployment, and a catastrophic stock market crash.
As of Monday, the futures of Dow Jones were lower by 2.68%, whereas S&amp;P 500 dropped 3.50% and the Nasdaq 100 declined by 4.44%.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, slumped on Monday. The SPY was down 5.85% to $505.28, while the QQQ declined 6.21% to $422.67, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44656946/donald-trump-says-market-is-going-to-boom-claiming-6-7-trillion-worth-of-inflows-will-come-after-the">Donald Trump Says &#8216;Market Is Going To Boom,&#8217; Claiming &#8216;$6-7 Trillion&#8217; Worth Of Inflows Will Come After The Worst Selloff Since 2020</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Futures

S&P 500, Dow Jones On Course To Mimic Rare Consecutive Losses Not Seen Since The Great Depression: What's Driving the Fear?

Amid a historic market selloff that has erased <a href="https://in.benzinga.com/25/04/44646615/donald-trump-predicts-a-market-boom-with-6-7-trillion-in-inflows-after-the-selloff-elon-musk-mark-zuckerberg-and-jensen-huang-lost-34-billion-in-a-single-day-eric-trump-suggested-buying-bitcoin-below-90000-but-it-hasnt-surgedcan-it-recover-top-headlines-while-the-us-slept">approximately $6 trillion in U.S. market value</a>, renowned fixed income investor Jeff Gundlach suggests the Federal Reserve&#8217;s current policy stance is too restrictive. However, he doesn&#8217;t anticipate immediate rate cuts.
What Happened: Gundlach, widely known as the &#8220;Bond King,&#8221; noted Monday that the 2-year U.S. Treasury yield has dropped to exactly 3.5%, implying that markets currently view the Federal Reserve's benchmark rate as "at least 75 basis points too high." 
However, Gundlach cautioned that rate cuts are unlikely in the near term, adding, "I do not see a single cut any time soon, unless the losses in risk assets greatly increase."
Gundlach&#8217;s comments come as the U.S. 2-Year Treasury yield fell to 3.541%, down 3.51%, while the 10-Year yield decreased to 3.934%, down 1.43%.
As of Monday, the CME FedWatch Tool <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">shows</a> a 52.1% probability of a 25 bps rate cut at the May 7 Federal Open Market Committee meeting, lowering the target rate to 400–425 bps. However, there&#8217;s still a 47.9% chance the rate remains unchanged at 425–450 bps.
The bond market signals coincide with a deepening global market rout triggered by President Donald Trump&#8216;s sweeping new tariff policies. U.S. stock futures extended losses Sunday evening, with Dow futures plunging over 1,000 points, or 3.26%, while S&amp;P 500 and Nasdaq futures <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">tumbled 3.73% and 4.60% respectively</a>.
Asian markets <a href="https://www.benzinga.com/markets/equities/25/04/44660089/japans-nikkei-futures-halted-hang-seng-crashes-8-8-as-global-market-rout-accelerates-on-tariff-shock-analyst-says-trumps-iphone-only-real-circuit-breaker">reflected similar distress</a>, with Japan&#8217;s Nikkei briefly triggering circuit breakers after futures fell more than 8%. Hong Kong&#8217;s Hang Seng crashed 8.81%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The 2 year UST yield now sits at exactly 3.5%, suggesting the Fed Funds rate is at least for now viewed to be 75 basis points too high. Yet I do not see a single cut any time soon, unless the losses in risk assets greatly increase.
&mdash; Jeffrey Gundlach (@TruthGundlach) <a href="https://twitter.com/TruthGundlach/status/1909048752847089976?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">Bill Ackman Warns Against Launching &#8216;Economic Nuclear War,&#8217; Wants A 90-Day Time Out On Trump Tariffs</a>
Why It Matters: Despite mounting market pressure, the White House has remained <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">firm on its tariff strategy</a>. &#8220;I don&#8217;t want anything to go down, but sometimes you have to take medicine to fix something,&#8221; Trump said Sunday.
Treasury Secretary Scott Bessent attributed the <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">selloff to tech valuations rather than administration policy</a>, calling it &#8220;more a MAG 7 problem than a MAGA one,&#8221; referring to market leaders including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Fed Chair Jerome Powell has emphasized <a href="https://in.benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates">caution regarding rate cuts</a> despite market turmoil, stating the Fed does not need to be in a hurry while warning that Trump&#8217;s tariff package could raise inflation.
Venture capitalist Chamath Palihapitiya suggested traditional <a href="https://in.benzinga.com/markets/equities/25/04/44660335/chamath-palihapitiya-warns-fed-and-trump-may-no-longer-rescue-markets-as-bottom-50-of-americans-have-zero-interest-in-stocks">market rescue mechanisms may no longer be politically viable</a>, noting &#8220;the bottom 50% of Americans have zero interest in the stock market.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44660141/odds-of-recession-federal-reserves-emergency-rate-cuts-soar-on-crypto-based-polymarket-as-tariff-fears-pummel-markets">Odds Of 2025 Recession Soar Above 60% On Crypto-Based Polymarket As Tariff Fears Pummel Markets, Bettors Root For Emergency Rate Cut</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Bonds

AAPL

MSFT

NVDA

'Bond King' Jeff Gundlach Says Fed Rate Is 'Too High' By 75 Bps, But Warns Cuts Unlikely Without Sharper Risk Asset Losses

Under the transaction, Stonepeak will provide $5.7 billion towards the expected capital expenditure for the foundation development of Louisiana LNG on an accelerated basis, contributing 75% of project capital expenditure in both 2025 and 2026. This enhances the project economics and Woodside's cash flow profile ahead of revenues from Woodside's Scarborough Energy Project in Australia, strengthening the capacity for shareholder returns. The remainder of Stonepeak's committed capital will be funded in subsequent years.

Reported Sunday, Woodside Offloads 40% Stake In Louisiana LNG To Stonepeak In $5.7B Deal, Validating Project Value And Attracting Global Interest

<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="582" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-1024x582.jpg" alt="" class="wp-image-9785" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-1024x582.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-300x171.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987-768x436.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05221731/Animated-1987.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">You Just Survived The 16th-Worst 2-Day Period For Stocks</h2>
According to Michael McDonough, Thursday and Friday were the 16th worst 2-day period for the S&amp;P 500 in history.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If my math is right, we just had the 16th worst 2‑day performance in the S&amp;P 500 in history: Top 25 Largest 2‑Day Declines: 1987‑10‑19: -24.57% 1929‑10‑29: -21.78% 1933‑07‑21: -16.81% 1987‑10‑20: -16.23% 1929‑11‑06: -14.66% 2020‑03‑12: -13.93% 1932‑10‑10: -13.59% 1933‑07‑20:…
&mdash; Michael McDonough (@M_McDonough) <a href="https://twitter.com/M_McDonough/status/1908265533230747690?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
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<h2 class="wp-block-heading">Some Of You Did More Than Survive</h2>
If you&#8217;re reading this, you survived. And if you followed our suggestions this week&#8211;to <a href="https://www.benzinga.com/markets/equities/25/03/44562306/are-we-heading-into-a-bear-market">raise </a>cash and hedge on Monday&#8230;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/q7rnVWN3hA">https://t.co/q7rnVWN3hA</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1906521233518125227?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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To enter <a href="https://www.benzinga.com/markets/equities/25/04/44607209/betting-on-both-outcomes-a-liberation-day-gameplan">binary trades</a> on Tuesday&#8230;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">(Max losses on both trades are 100%, which would occur if our two stocks end the week flat from here.)<a href="https://t.co/4SP9hoRYzy">https://t.co/4SP9hoRYzy</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1907096366779687239?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
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And to&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-adding-short-exposure">add short exposure</a>&nbsp;on Wednesday&#8230;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/0At9cbQEeE">https://t.co/0At9cbQEeE</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1907505190971883920?ref_src=twsrc%5Etfw">April 2, 2025</a></blockquote>
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You thrived.&nbsp;
<ol>
<li>Credit put spread on&nbsp;Spotify Technology, S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>). Entered at a net credit of $8 on&nbsp;<a href="https://portfolioarmor.substack.com/p/trade-alert-liberation-day">4/1/2025</a>; this is still open, but looks like we'll exit at a net debit of $10 on 4/4/2025.&nbsp;Loss: 100%.</li>
<li>Calls on Spotify (<a href="https://substack.com/discover/stocks/SPOT" target="_blank" rel="noreferrer noopener">SPOT 0.00%↑</a>). Bought for $1.67 on 4/1/2025; sold (second half) for $4 on 4/3/2025. Profit: 2%</li>
<li>Puts on Arm Holdings, Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). Bought for $1.82 on 4/2/2025; sold (half) for $4 on 4/3/2025. Profit: 120%.</li>
<li>Calls on Broadcom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>). Bought for $1.74 on 4/2/2025; sold (half) for $4 on 4/3/2025. Profit: 130%.</li>
<li>Calls on Spotify (SPOT 0.00%↑). Bought for $1.67 on 4/1/2025; sold (half) for $4 on 4/2/2025. Profit: 140%.</li>
<li>Credit call spread on Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Entered at a net credit of $7.50 on 4/1/2025; exited at a net debit of $0.20 on 4/4/2025. Profit: 292%.</li>
<li>Puts on Nvidia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Bought for $1.17 on 4/2/2025; sold (half) for $5.80 on 4/4/2025. Profit: 396%.</li>
</ol>
Although you took a bath on our bullish binary trade, the credit put spread on Spotify, you made money on everything else.&nbsp;
<h2 class="wp-block-heading">What If The Worst Two-Day Period Is Ahead Of Us?&nbsp;</h2>
The worst two-day period for the S&amp;P 500 happened in 1987. What if something that bad&#8211;or worse&#8211;happens again? In the guest post below, our friend David Janello, PhD, CFA, has a suggestion for how you can protect against that.&nbsp;
Dr. Janello is the founder of SpreadHunter, and the author of The Nuclear Option: Trading To Win With Options Momentum Strategies.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.amazon.com/dp/B0C87VC47C?ref_=cm_sw_r_ffobk_cp_ud_dp_JXCJEQK0686P75VWB8M6_1&amp;peakEvent=1&amp;dealEvent=0&amp;starsLeft=1&amp;skipTwisterOG=1&amp;bestFormat=true"><img loading="lazy" decoding="async" width="500" height="737" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear.jpg" alt="" class="wp-image-9786" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear.jpg 500w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05222908/Nuclear-204x300.jpg 204w" sizes="(max-width: 500px) 100vw, 500px" /></a></figure>
Authored by David Janello, PhD, CFA at Nuclear Options Trading.
<h2 class="wp-block-heading">Protecting Against A 1987-Style Crash</h2>
With the market continuing its relentless drive lower, there are a few outcomes that can unfold over the next week or two. Here are option trades (with fill prices) to capture extreme profits in one or more of these scenarios. But equally important, we look at trades to avoid because of poor pricing.
The most likely possibilities for the market in the near future are:
<ol>
<li>A sharp move higher, from extreme oversold conditions (no news)</li>
<li>A violent move higher, based on a truce in the ongoing trade war</li>
<li>A continuous move straight down for 30-90 days, like 2022</li>
<li>Or a violent move lower, on either no news or an acceleration in the trade war</li>
</ol>
<h2 class="wp-block-heading">The More Likely Scenarios</h2>
In our opinion, Scenarios 1 and 2 are the most likely to occur. Unfortunately, the options pricing to capture these moves is extremely poor, which generates mediocre profits even if the forecast comes true.
Recall that we discussed the 2022 Scenario discussed in an earlier Nuclear Option Substack post, with an example bearish trade in TSLA that was profitable. And because of the potential for a violent move up (on tariff / trade war truce) we would avoid re-initiating this trade because of the extremely high risk.
The final scenario, a violent move lower, perhaps Monday at the open (like 1987) is the only scenario with decently priced spread trades.
Our favorite trade from this morning was this:
<ul>
<li>Long VIX Index 70-90 Call Vertical Spread Expiring April 16 at 0.20.</li>
</ul>
This trade risks 20- for a 2000- potential gain. Although it is a low probability trade, the potential profits more than make up for it. If we get a 1987 type crash on Monday morning, this is the trade have.
NOTE: You can only trade VIX Index Options and Complex Spreads on the CBOE Exchange.
Algorithmic Trades:
<ul>
<li>Visa (V) 255 Put 255 Strike Put Calendar Apr 17-Apr25 day traded for a 142% profit earlier. If you want to try to get more, set the max price at 0.07.</li>
<li>Exxon Mobil (XOM) 95 Strike Put Calendar Apr 17-25 day traded for 333% profit at the close</li>
</ul>
DISCLAIMER: All Content on the Nuclear Option Substack is for Education and Information Purposes only. It does not constitute a solicitation or recommendation to buy or sell any security. Before trading, consult with your Professional Financial Advisor and read the booklet Characteristics and Risks of Standardized Options Contracts, available from the Options Clearing Corporation.
<h2 class="wp-block-heading">If You Just Want To Hedge</h2>
As a reminder, you can download the Portfolio Armor optimal hedging app by aiming your iPhone camera at the QR code below (or by&nbsp;<a href="https://apps.apple.com/us/app/portfolio-armor/id394951144">tapping here</a>, if you&#8217;re reading this on your phone). Our app can help you find the least expensive hedges given your risk tolerance and time frame.
<figure class="wp-block-image size-full"><a href="https://apps.apple.com/us/app/portfolio-armor/id394951144"><img loading="lazy" decoding="async" width="200" height="197" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223551/QR-Code-2.jpg" alt="" class="wp-image-9787" /></a></figure>
And if you want a heads up when we place our next trade, you can subscribe to our trading Substack/occasional email list below.&nbsp;
If you&#8217;d like to stay in touch
You can subscribe to Dr. Janello&#8217;s Substack<a href="https://nuclearoptiontrading.substack.com/">&nbsp;here</a>.&nbsp;
You can scan for optimal hedges for individual securities, find our current top ten names, and&nbsp;create hedged portfolios&nbsp;on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;Also, you can follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#8217;re using that for our occasional emails now).
<figure class="wp-block-image aligncenter size-full"><a href="https://portfolioarmor.substack.com/"><img loading="lazy" decoding="async" width="581" height="372" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2.jpg" alt="" class="wp-image-9788" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2.jpg 581w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/05223831/Widget-2-300x192.jpg 300w" sizes="(max-width: 581px) 100vw, 581px" /></a></figure>

Technicals

Options

Signals

AVGO

SPOT

TSLA

How to Protect Against A 1987-Style S&P 500 Crash Scenario

On Sunday, Ross Gerber, the CEO of Gerber Kawasaki Wealth &amp; Investment Management, shared a workaround to President Donald Trump's new tariffs on EU goods, revealing that U.S. consumers can avoid taxes by ordering items valued under $800 from the EU.
What Happened: Gerber highlighted an email from Swedish luxury shoemaker Morjas &amp; Company, which reassured U.S. customers that orders below $800 remain duty-free under current U.S. import regulations.
He shared this insight with his over 387,000 followers on X, formerly Twitter, writing, "Seems like if you order things in under $800 increments from the EU, then Trump can't tax you. Expect more of these emails from companies."
The email from Morjas explained that although the new tariffs have increased duties on EU products, the "de minimis rule" still applies to shipments under $800, meaning they remain exempt from additional duties or taxes.
&#8220;Steep tariffs on products from the European Union means that shipments above the 800 USD threshold may now be subject to higher import duties upon arrival in the U.S. The final amount depends on how customs classifies the products in your order,&#8221; the email read.
See Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645681/jpmorgan-raises-recession-risk-to-60-as-largest-us-tax-hike-in-60-years-hits-global-economy" target="_blank" rel="noreferrer noopener">JPMorgan Raises Recession Risk To 60% As ‘Largest US Tax Hike' In 60 Years Hits Global Economy</a>
Tariffs are direct taxes specifically applied to imported goods to protect domestic industries, while duties are indirect taxes imposed on consumers for both imported and domestic goods.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Seems like if you order things in under $800 increments from the EU, then Trump can't tax you. Expect more of these emails from Companies. <a href="https://t.co/DvB0nk8BPc">pic.twitter.com/DvB0nk8BPc</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1908963071584088237?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Trump's recent tariffs, <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">part of his "reciprocal tariff" strategy</a>, have created significant concerns about rising costs for U.S. consumers.
Under the new policy, a 10% universal tariff on all imports will take effect on April 5, 2025, with additional duties targeting specific countries such as China, India, and members of the EU. Essential materials will be exempt from the tariffs.
Last week, <a href="https://www.benzinga.com/markets/25/04/44640798/trump-ends-de-minimis-exemptions-shopify-bigcommerce-and-lightspeed-face-new-headwinds">Trump ended the de minimis exemption</a> for China and Hong Kong — a policy that previously allowed imports under $800 to enter the U.S. without tariffs.
The new order, which takes effect on May 2, 2025, comes amid Trump's accusations that Chinese shipping firms are exploiting loopholes and concerns over the influx of fentanyl from China.
U.S. Customs and Border Protection processes around four million de minimis shipments from China every day, allowing them into the country duty-free.
According to a White House fact sheet, these shipments will now be subject to a charge — either 30% of their value or $25 per item, with the rate increasing to $50 per item starting June 1.
Photo Courtesy: fizkes
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44309742/recession-watch-small-caps-sound-the-alarm-but-credit-markets-shrug" target="_blank" rel="noreferrer noopener">Recession Watch: Small Caps Sound The Alarm, But Credit Markets Shrug</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Regulations

Trump's Tariff Worries? Ross Gerber Points Out Ordering EU Goods Under $800 Still Keeps You Tax-Free

LG Electronics Inc. (LG) today announced its preliminary earnings results for the first-quarter of 2025, reporting a consolidated revenue of KRW 22.7 trillion and operating profit of KRW 1.3 trillion.
This marks the first time LG's first-quarter revenue has exceeded KRW 22 trillion. Despite ongoing macroeconomic challenges, including a global economic slowdown, the company's focus on "qualitative growth" businesses played a key role.
Operating profit exceeded KRW 1 trillion for the sixth consecutive year, continuing to reflect a stable profit structure. Increased revenue from high-margin areas created a strong operating leverage effect, helping to sustain a stable profit structure. Additional drivers of profitability included efficient resource allocation, normalization of raw material and logistics costs, and enhanced agility in global production operations.
&nbsp;

LGEIY

LGEJY

Reported Earlier, LG Electronics Announced Preliminary Q1 Revenue Of KRW 22.7T And Operating Profit Of KRW 1.3T

HIVE

HIVE Digital Launches Bitcoin Mining Operations At 200MW Green Energy Site In Paraguay, Reports March 2025 Production Of 108 BTC

In March 2025, Cango produced a total of 530.1 Bitcoins, representing a 12% increase compared to 472.7 Bitcoins produced in February 2025. The average number of Bitcoins produced per day also rose to 17.1, up from 16.9 in the previous month.
As of the end of March, Cango holds a total of 2,474.8 Bitcoins, an increase from 1,944.7 Bitcoins at the end of February. The Company's deployed hashrate remained stable at 32 EH/s, while the average operating hashrate improved to 30.3 EH/s, up from 29.7 EH/s in February.

CANG

Cango Mined 530.1 Bitcoins In March 2025, Marking A 12% Increase From February's 472.7 BTC; Average Daily Production Rose To 17.1 From 16.9

NABL

N-able Unveils Built-In Vulnerability Management For Unified Endpoint Management To Revolutionize Cybersecurity Efficiency

Billionaire investor Stanley Druckenmiller reaffirmed his opposition to tariffs above 10% on Sunday, injecting a note of caution into the escalating trade debate. In a rare post on X, the Duquesne Family Office founder emphasised his stance, distancing himself from President Donald Trump's sweeping tariff plan that includes rates as high as 50%.
What Happened: Druckenmiller had already <a href="https://www.benzinga.com/markets/25/01/43217282/fund-manager-stanley-druckenmiller-delivers-blunt-take-on-markets-after-trumps-return-in-terms-of-ma">warned in January</a> that any tariff beyond 10% could tip the delicate balance in global trade. "It's basically a consumption tax," he said in a CNBC interview, adding that part of the burden still falls on foreign exporters.
His message on Sunday left no doubt that he remains firm: "I do not support tariffs exceeding 10%, which I made abundantly clear in the interview you cite."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I do not support tariffs exceeding 10% which I made abundantly clear in the interview you cite
&mdash; Stan Druckenmiller (@standuquesne) <a href="https://twitter.com/standuquesne/status/1908896575025271171?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See also: <a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-stocks-futures-tank">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stocks Futures Tank</a>
Trump's proposal, announced earlier this week, sets a 10% baseline but allows for steeper tariffs on certain imports. Stock markets reacted with losses not seen since the height of the pandemic, rattling investors who fear further economic fallout. Some of Trump's allies, including White House National Economic Council Director Kevin Hassett, defended the move, predicting minimal impact on most American consumers.
Why It Matters: The <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">baseline 10% tariffs</a> took effect Saturday, prompting Trump to urge the nation to "hang tough" on his Truth Social platform. Yet Druckenmiller's approach suggests wariness about shifting the cost burden to regular consumers, who may feel the pinch if tariffs climb too high.
Druckenmiller, who previously hosted a fundraiser for Republican contender Nikki Haley, had made it clear in November that he won't vote for Trump or Kamala Harris.
On Sunday, Trump brushed aside a <a href="https://in.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">staggering $6 trillion market slump</a>, telling reporters, "I don't want anything to go down, but sometimes you have to take medicine to fix something." According to Reuters, he added that foreign governments would have to pay "a lot of money" to remove the tariffs, showing minimal concern for the deep dents in U.S. markets.
Image via Shutterstock
Read Next: <a href="https://www.benzinga.com/news/25/04/44658808/scaramucci-on-tariffs-there-is-stupid-and-then-there-is-donald-trump-stupid">Scaramucci on Tariffs: &#8216;There Is Stupid and Then There Is Donald Trump Stupid&#8217;</a>

Stanley Druckenmiller On X: 'I Do Not Support Tariffs Exceeding 10%' As Trump Digs Heels On Trade Policy

The cryptocurrency market recorded another week of losses spurred by President Donald Trump's sweeping new tariff measures. However, some unconventional coins bucked the trend with healthy returns.
What happened: EOS, the native token of the open-source blockchain EOS Network, led the market with a 20% rally, extending its monthly gains to almost 30%.
The rally was spurred by the network's decision to rebrand to Vaulta, a network focusing on Web3 banking and real-world asset tokenization.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The infrastructure is built. The use case is live. Web3 Banking just got real. &#x1f50b; <a href="https://t.co/kugrr1VdD5">https://t.co/kugrr1VdD5</a>
&mdash; Vaulta (prev. EOS) (@Vaulta_) <a href="https://twitter.com/Vaulta_/status/1908536108285387034?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price&nbsp;</td>
</tr>
<tr>
<td>EOS (EOS)</td>
<td>+20.60%</td>
<td>$0.6965</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+8.46%</td>
<td>$0.4453</td>
</tr>
<tr>
<td>OKB (OKB)</td>
<td>+7.00%</td>
<td>$51.43</td>
</tr>
</tbody>
</table>
</figure>
As strange as it may sound, Fartcoin returned more than 8% to its holders during a week when cryptocurrency heavyweights capitulated. The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin surged more than 70% over the last month.
OKB, a cryptocurrency exchange token, followed Fartcoin with an impressive 7% rally last week.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> Bitcoin Reeling From Trump&#8217;s &#8216;Liberation Day&#8217; Shock But These Gold-Backed Coins Are Killing It This Year</a>
Elsewhere, the sentiment was grim. Blue-chip coins Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) dropped 5.39% and 13.94%, respectively, largely attributed to <a href="https://in.benzinga.com/trading-ideas/movers/25/04/44659799/bitcoin-plunges-below-80000-ethereum-dogecoin-crash-as-cryptocurrencies-mirror-stocks-amid-trump-tariff-mayhem-analyst-flags-critical-support-level-for-btc">Sunday's crash</a>.
Large-cap altcoins such as XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), and Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) also felt the pinch, losing 13%, 17.51%, and 14.23%, respectively, in the last week.
Memecoin heavyweights Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) slid 14% and 9.78%, respectively.
The total cryptocurrency market capitalization fell 8.5% to $2.45 trillion. 
Photo by Avi Rozen on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44620779/onlyfans-founders-startup-and-hbar-foundation-enter-the-race-to-acquire-tiktok-us-to-maintain-american-ownership-and-governance">OnlyFans Founder&#8217;s Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain &#8216;American Ownership And Governance&#8217;</a></li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Movers

$ADA

$BTC

$DOGE

$ETH

$SHIB

$SOL

$XRP

Fartcoin Returns Over 8% In A Week Marked By Dogecoin, Ethereum Bloodbath

Senior White House officials state that over 50 countries that were targets of <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">reciprocal tariffs</a> by the United States have since reached out to begin negotiations on the high import tariffs that have sent global markets spiraling over the past week. 
What Happened: Director of the White House Economic Council, Kevin Hassett doubled down on the tariffs imposed by the Trump Administration last week. 
During his appearance on ABC News&#8217; &#8220;This Week&#8221; with host George Stephanopoulos, Hassett mentioned that over 50 countries have already reached out to the White House since the tariffs were announced, willing to negotiate new trade agreements with the U.S. Government.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">White House National Economic Council Director Kevin Hassett defended Pres. Trump&#39;s tariffs, refuting the idea they will cost American consumers more. "I don&#39;t think that you&#39;re going to see a big effect on the consumer in the U.S." <a href="https://t.co/E6Bo1hnSDU">https://t.co/E6Bo1hnSDU</a> <a href="https://t.co/RY1o7fOwZi">pic.twitter.com/RY1o7fOwZi</a>
&mdash; This Week (@ThisWeekABC) <a href="https://twitter.com/ThisWeekABC/status/1908876991517880752?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This comes amid <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">U.S. stock futures continuing to tumble</a> over the weekend, with the Dow, S&amp;P 500, and Nasdaq futures down 2.7%, 6%, and 5.7%, respectively. Besides this, the US dollar witnessed its steepest decline since November 2022, dropping 1.7% on Thursday.
Hassett who has worked as an economic advisor for republicans John McCain, George W Bush, Mitt Romney, and now Donald Trump, mentioned that the tariffs will not have a big impact on consumers in the U.S.
See More: <a href="https://www.benzinga.com/markets/25/04/44659901/jim-cramer-sees-same-pattern-as-1987-black-monday-crash-wonders-what-happens-on-monday">Jim Cramer Sees Same Pattern As 1987 &#8216;Black Monday&#8217; Crash, Wonders What Happens On Monday</a>
He further added that the &#8216;reason we have such a persistent, long-running trade deficit is because these people (other countries) have a very inelastic supply&#8217; referring to the dumping of goods by countries like China across price ranges, which are making manufacturing untenable within the United States. 
The conservative economist goes on to state that &#8216;cheap goods are not the answer&#8217; and that &#8216;wages went down more than prices went on&#8217; to make his case for the tariffs. However, this does not hold up, since <a href="https://www.aljazeera.com/news/2024/11/12/fact-check-are-weekly-wages-in-the-us-lower-than-50-years-ago">real wages have increased</a> over the past two decades, in part due to the deflationary effects of global supply chains. 
Why It Matters: Two of America&#8217;s largest trading partners, China and the European Union, which make up 8% and 13% of total trade volumes, respectively, have given indications of retaliation. China recently <a href="https://www.benzinga.com/news/25/04/44645172/china-retaliates-with-34-tariff-on-all-us-imports-urges-trump-to-immediately-cancel-the-tariffs-calls-for-negotiation">imposed 34% reciprocal tariffs on all U.S. imports</a>, and the European Union is planning retaliatory strikes this week.
Besides this, the tariffs have managed to unite regional rivals China, Japan, and South Korea, which are <a href="https://www.reuters.com/world/china-japan-south-korea-will-jointly-respond-us-tariffs-chinese-state-media-says-2025-03-31/">now planning a joint response</a>.
Recently, former Treasury Secretary Larry Summers also opposed Hasset&#8217;s views, going as far as to call tariffs &#8216;the biggest self-inflicted wound we&#8217;ve put on our economy in history.&#8217; Summers adds that if you add in the loss to consumers, the total bill for this misadventure could get as high as &#8216;$30 trillion.&#8217;
Photo Courtesy: Amani A via Shutterstock.com.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-stocks-futures-tank">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stocks Futures Tank</a></li>
</ul>

Trump White House Says Over 50 Nations Ready To Come To The Table On Tariffs

As global markets experience their worst selloff since March 2020, venture capitalist Chamath Palihapitiya suggests traditional stock market <a href="https://in.benzinga.com/25/04/44652055/its-more-a-mag-seven-problem-than-a-maga-one-treasury-secretary-says-as-wall-street-meltdowns">bailouts may no longer be politically viable</a>.
What Happened: The former Facebook executive wrote on X Sunday that &#8220;the top 10% of American households own 88% of the total equities owned by American households&#8221; while &#8220;the next 40% of households own 12%.&#8221; This means &#8220;the bottom 50% of Americans have zero interest in the stock market,&#8221; Palihapitiya noted.
His comments followed Treasury Secretary Scott Bessent&#8216;s remarks that market volatility is &#8220;more a MAG Seven problem than a MAGA one,&#8221; referring to major tech companies Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Palihapitiya agreed with Bessent&#8217;s assessment, adding that Americans in the bottom half of the economic spectrum &#8220;are likely in debt and, simply, just want to do better.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The top 10% of American households own 88% of the total equities owned by American households. The next 40% of households own 12%. This means the bottom 50% of Americans have ZERO interest in the stock market, are likely in debt and, simply, just want to do better. This… <a href="https://t.co/wSxXGxAquc">https://t.co/wSxXGxAquc</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1908375732788908422?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">Bill Ackman Warns Against Launching &#8216;Economic Nuclear War,&#8217; Wants A 90-Day Time Out On Trump Tariffs</a>
Why It Matters: The venture capitalist challenged market orthodoxy, suggesting &#8220;conventional wisdom has been that there is always a Fed put or a White House put if the stock market contracts enough,&#8221; but warned investors that &#8220;this may be a moment to hold a radical new view which is that the put is off the table.&#8221;
Palihapitiya&#8217;s comments come <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">amid significant market turmoil</a>. The S&amp;P 500 plunged 6% Friday, pushing two-day losses past 10%, while the Nasdaq entered bear market territory after falling 22% from its record high. On Sunday, Dow futures fell 3.26%, extending the selloff.
President Donald Trump has shown limited concern about market losses, saying on Sunday, &#8220;I don&#8217;t want anything to go down, but sometimes you have to take medicine to fix something,&#8221; according to Reuters.
Meanwhile, Fed Chair Jerome Powell <a href="https://in.benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates">has emphasized caution</a>, noting the Fed &#8220;does not need to be in a hurry&#8221; to cut rates despite <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44650370/trump-powell-rate-cut-polymarket">Trump&#8217;s public pressure</a>. Powell warned that Trump&#8217;s tariff package could raise inflation with &#8220;more persistent effects possible.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/25/04/44659224/billionaire-charlie-munger-said-hed-be-the-richest-man-on-earth-if-he-could-go-back-100-years-and-start-over-i-could-have-done-a-lot-better">Billionaire Charlie Munger Said He&#8217;d Be The &#8216;Richest Man on Earth&#8217; If He Could Go Back 100 Years And Start Over — &#8216;I Could Have Done a Lot Better&#8217;</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AMZN

GOOG

GOOGL

Chamath Palihapitiya Warns Fed And Trump May No Longer Rescue Markets As Bottom 50% Of Americans Have 'Zero Interest' In Stocks

As Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) continues its downward slide since Eric Trump recommended buying the second-largest cryptocurrency, renowned economist Peter Schiff cautioned against taking investment advice from the Trump family on Sunday.
What Happened:&nbsp;Schiff was reminded by an X user of the famous&nbsp;&#8220;It&#8217;s a great time to add ETH&#8221; remark by Eric Trump, the Executive Vice President of&nbsp;The Trump Organization and President Donald Trump&#8217;s second son.
&#8220;Yes, it&#8217;s best not to take any investment advice from the Trumps,&#8221; Schiff stated.
Schiff&#8217;s views were countered by another user, JB rocks, who wondered if the cryptocurrency critic would say the same if the <a href="https://in.benzinga.com/25/03/44512448/as-gold-hits-record-high-peter-schiff-points-to-dollar-distrust-and-inflation-gold-is-not-rising-due-to-uncertain">Trumps promoted gold</a>. 
It&#8217;s worth noting that Schiff is an avid advocate of gold, aggressively pitching the yellow metal as an investment.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes, it&#39;s best not to take any investment advice from the Trumps.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1908957697107697684?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
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See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44648898/shiba-inu-burn-rate-surges-1973-in-a-day-why-is-shib-not-going-up" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Surges 1,973% In A Day: Why Is SHIB Not Going Up? &#8211; Benzinga</a>
Notably, ETH has plunged 45% since Eric&#8217;s advice. Moreover, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has slid over 12% since he <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44642256/eric-trump-pitched-buying-the-bitcoin-dip-when-it-fell-below-90000-5-weeks-later-btc-is-yet-to-rip-but-is-there-still-hope">wrote</a>, &#8220;₿uy the dips,"&nbsp;in an X post from late February.
However, the declines haven&#8217;t been limited to the market heavyweights. President Trump&#8217;s Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>), which POTUS called <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44451586/trump-meme-coin-spikes-retreats-after-potus-takes-to-truth-social-for-greatest-of-them-all-post-whale-takes-losses">&#8220;the greatest of them all&#8221; last month</a>, has cratered by 37% since the remark.
Cryptocurrency markets have faced persistent pressure from Trump&#8217;s <a href="https://in.benzinga.com/markets/25/04/44656945/74-billion-wiped-out-since-tariff-declaration-see-how-much-the-billionaires-lost">tariff policies</a> this year, mirroring the losses in equities. In the last month, the total cryptocurrency market capitalization has shrunk 13%, with nearly $380 billion in investors&#8217; wealth eroded.
Price Action:  At the time of writing, ETH was exchanging hands at $1,539.37, down 14.78% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Bitcoin traded at $77,534.51, down 6.87%.
Image via Shutterstock
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$TRUMP

Peter Schiff Warns Against Taking Investment Advice From Trumps As ETH Crashes 45% Since Eric Trump's Push

On Saturday, Commerce Secretary Howard Lutnick said that Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones could soon be made in the U.S. as part of President Donald Trump's push to bring manufacturing back to American soil.
What Happened: In an appearance on CBS's Face the Nation, Lutnick said that Trump's tariffs would incentivize companies to move their production to the U.S., reducing reliance on overseas factories.&nbsp;
"The army of millions and millions of human beings screwing in little screws to make iPhones — that kind of thing is going to come to America," Lutnick said.
However, he also indicated that while manufacturing in the U.S. could lead to job growth in certain sectors, it might not create the large number of jobs expected due to increasing automation.
See Also: <a href="https://www.benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-stocks-futures-tank">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stocks Futures Tank</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is the Trump administration considering any kind of subsidy or bailout for U.S. farmers or other industries to help weather the impact from tariffs? &quot;I have not participated in any meetings with respect to that,&quot; Commerce Secretary Howard Lutnick tells <a href="https://twitter.com/margbrennan?ref_src=twsrc%5Etfw">@margbrennan</a>. <a href="https://t.co/xBWRwRx2Of">pic.twitter.com/xBWRwRx2Of</a>
&mdash; Face The Nation (@FaceTheNation) <a href="https://twitter.com/FaceTheNation/status/1908899359187403182?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Trump's tariffs are creating significant uncertainty for American consumers, especially those in the tech sector. As the tariffs target key imports such as electronics, the cost of consumer goods like iPhones, which rely heavily on foreign production, is expected to rise.
Previously, analysts <a href="https://in.benzinga.com/tech/25/04/44655937/trump-tariffs-could-spike-iphone-prices-to-almost-2300-if-apple-decides-to-pass-on-the-costs-to-buyers">predicted a steep price increase</a> for iPhones due to the tariffs, particularly a 54% tariff on goods imported from China, where most iPhones are made.
Industry experts have suggested that if Apple passes these costs onto consumers, the price of an iPhone 16 Pro Max could rise by 43%, pushing the price from its current $1,599 to as high as $2,300.
Former Treasury Secretary Larry Summers slammed the tariffs as one of the most expensive and self-defeating moves by the U.S., warning they could <a href="https://www.benzinga.com/25/04/44622754/tariffs-are-most-expensive-and-masochistic-could-cost-30-trillion-to-the-economy-erasing-300k-per-family-explains-former-treasury-secretary-larry-summers">cost the economy up to $30 trillion</a> — roughly $300,000 per household.
The automotive industry is also bracing for impact. Analysts say the tariffs could push car <a href="https://www.benzinga.com/25/03/44119668/trump-tariffs-could-make-your-next-car-12000-more-expensive-expert-says-25-fees-will-have-a-sharp-negative-effect-on-auto-sales">prices up by $12,000</a>, potentially slowing down auto sales.
These tariffs — including a 25% duty on imports from Mexico and most Canadian goods (excluding energy products) — are part of a wider trade strategy that could carry serious consequences for both American businesses and consumers.
Price Action: Apple shares have fallen 22.75% year-to-date, ending Friday's session at $188.38, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo: Joshua Sukoff/Shutterstock
Read Next:
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<li><a href="https://in.benzinga.com/news/25/02/43788384/fed-chair-powell-stands-firm-standard-case-for-free-trade-logically-still-makes-sense-amid-trumps-import-taxes" target="_blank" rel="noreferrer noopener">Fed Chair Powell Stands Firm: ‘Standard Case for Free Trade… Logically Still Makes Sense' Amid Trump's Import Taxes</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Howard Lutnick Says Army Of Millions Will Build iPhones In The US, But Could Trump's Tariffs Make The Premium Apple Flagship Cost $2,300?

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