Dear Friend,
Well, Trump did it again—sent the markets into full-blown panic with just a few words.
One minute, Wall Street was in meltdown mode over new tariffs on Mexico, Canada, and China, and the next, stocks rebounded like nothing ever happened.
Meanwhile, economists are already predicting doom, because apparently, keeping America first is just too much to handle.
In other news, Amazon’s retail dreams are crashing, smartphone prices might finally go up, and if you’re still waiting for the “perfect time” to invest, here’s why that moment doesn’t exist.
Let’s dive into this edition of the Everlasting Wealth Insider Report.
Jeremy Blossom
Editor in Chief, Everlasting Wealth
MARKET HEADLINES
📉 Bitcoin and other cryptocurrencies slid as China retaliated against Trump’s tariff plans, fueling uncertainty and risk-off sentiment in markets.
📊 Stock futures dipped as China announced retaliatory tariffs and opened an antitrust probe into Google, while Palantir shares surged on strong earnings.
⚖️ Endeavor shareholders may challenge Silver Lake’s $27.50 per share buyout, arguing that the deal undervalues the company amid a surge in TKO stock.
🖥️ Alphabet’s earnings will be closely watched for AI spending trends, search competition, and cloud performance, amid rising concerns over regulatory scrutiny.
💰 Berkshire Hathaway increased its stake in Sirius XM despite the stock’s steep decline, signaling long-term confidence in the satellite radio company.
Wall Street Freaks Out Over Trump Tariffs—Then Shrugs It Off
Well, Trump did it again—sent the markets into a full-blown panic with just a few words.
He threatened tariffs on Mexico, Canada, and China, and Wall Street reacted like a bunch of fragile snowflakes, with the Dow dropping over 650 points at one point.
But by midday, a deal was struck to delay the tariffs, and suddenly, investors decided maybe the sky wasn’t falling after all.
Stocks bounced back, the peso and Canadian dollar recovered, and everyone took a deep breath.
Of course, the media is spinning this as “the dark side” of Trump’s policies—because, heaven forbid, he actually fights for fair trade.
Meanwhile, economists are already predicting doom and gloom, warning that tariffs could tank corporate profits and push Mexico and Canada into a recession.
(Because, you know, keeping America first is apparently a terrible idea.)
At the end of the day, it’s classic Trump: shake things up, make a deal, and watch the elites lose their minds.
STOCKS TO WATCH
🔎 Alphabet (GOOGL): Chinese regulators have launched an antitrust investigation into Google, pulling parent company Alphabet into the ongoing U.S.-China trade dispute. The company is set to release earnings after the market closes.
↗️ Palantir Technologies (PLTR): The data analytics firm saw its shares jump in premarket trading following a robust sales report and increasing demand for its artificial intelligence products.
↘️ UBS (CH:UBSG), (UBS): Despite reporting stronger-than-expected quarterly earnings and announcing a $3 billion stock buyback plan, the Swiss bank’s shares dropped 5% in European trading.
↗️ PDD Holdings (PDD): The Chinese e-commerce giant edged higher in premarket trading after two days of losses, even as investors worry about potential impacts from new tariffs and the end of small-package “de minimis exemptions” on its Temu business.
↘️ Diageo (UK:DGE), (DEO): The maker of Don Julio tequila and Crown Royal whisky withdrew its sales-growth forecast, citing tariff-related uncertainties. Shares tumbled over 4% in London.
This Day in the Markets
📉 On this day in 2018, U.S. markets suffered a historic selloff as the Dow Jones Industrial Average plummeted 1,175 points—the largest single-day point drop in history at the time—triggered by growing investor fears over rising inflation, surging bond yields, and concerns that the Federal Reserve might accelerate interest rate hikes, sparking a wave of volatility that rippled through global markets and erased months of steady gains.
STOCK PICK OF THE WEEK
Brownstone Research
The Next AI Gold Rush Is Here—Don’t Miss Out Like Last Time!
Jeff Brown, CEO of Brownstone Research, storied angel investor, and former tech executive has a track record of calling top tech stocks years ahead of the markets.
If you missed his Nvidia call in 2016…
His AMD call in 2017…
Or his Tesla call in 2018…
There’s good news for you.
Jeff’s research says the biggest AI gains are yet to come.
According to Jeff, all the gains you’ve seen so far were just the “First Wave.”
And that you’re on the cusp of a Second Wave, which history says could deliver the biggest gains yet.
Sound too good to be true?
Jeff put together a video that explains everything – including how to start using his AI Retirement Playbook today.
ECONOMY
Tariffs Are Here—Say Goodbye to Cheap Guacamole and Tequila!
Trump just slapped new tariffs on Mexico, Canada, and China, and of course, the media is in full meltdown mode.
They’re warning that everything from cherry tomatoes to Tonka trucks is about to get pricier—because apparently, America producing its own goods is a terrifying concept. Want a sledgehammer?
That’ll cost you more too (though, ironically, Biden’s economy already gave plenty of Americans a financial wrecking ball).
And get this—smartphones might actually see price hikes for the first time! So, if you’re planning to sip high-end tequila while scrolling on your overpriced iPhone, now might be the time to stock up.
The bottom line? Trump’s playing hardball on trade again, and the usual crowd is acting like the world is ending.
ECONOMY HEADLINES
📈 Chinese stocks rallied despite escalating U.S.-China trade tensions, as investors bet on a potential deal following Trump’s tariff pause on Mexico and Canada.
⚖️ China retaliated against Trump’s tariffs with targeted levies and an antitrust probe into Google, signaling resistance while leaving room for negotiation.
💰 The U.S. Treasury lowered its quarterly borrowing estimate to $815 billion, reflecting a higher-than-expected cash balance entering 2025.
🌎 Trump’s tariffs on China, Mexico, and Canada could fuel inflation, slow economic growth, and complicate the Federal Reserve’s interest rate decisions.
🤝 The U.S. paused tariffs on Mexico and Canada for 30 days after securing border security commitments, while tensions with China remain unresolved.
BUSINESS
Amazon Can Ship Anything—But Apparently, It Can’t Run a Store
Amazon might dominate online shopping, but when it comes to brick-and-mortar stores, they’re flopping harder than a fish out of water.
Their cashier-less Amazon Go stores are disappearing fast, their bookstores and 4-Star shops are history, and now they’re scrambling to fix their Amazon Fresh grocery chain.
Turns out, running a store is a little harder than sitting in a warehouse and shipping boxes.
Experts say Amazon just doesn’t “get” retail—probably because there’s no “buy now” button for customer service.
Their solution? Scrap the stores and sell their Just Walk Out tech to actual retailers who know what they’re doing.
Maybe Jeff Bezos should stick to rocket ships—because on Earth, his retail dreams keep crashing.
RETIREMENT
Worried About Retirement? This Investing Trick Could Keep You Safe
If you’re nearing retirement and still waiting for the “perfect time” to invest, spoiler alert: it doesn’t exist.
But there’s a way to grow your nest egg without betting the farm—it’s called dollar-cost averaging.
Instead of dumping all your money into the market at once and praying it doesn’t crash, you invest bit by bit over time.
This strategy smooths out the bumps, letting you buy more when stocks are cheap and less when they’re overpriced.
Experts say this is especially smart for folks in their 50s and 60s who can’t afford big losses right before retirement.
And with Wall Street predicting weaker stock returns ahead, playing it safe might actually be the winning move.
So, if you came into some extra cash, maybe don’t go all-in at once—because nobody wants to retire on bad timing.
Trivia
Which event had the most significant impact on the U.S. economy during the early 20th century?
A. The Great Depression (1929)
B. The Roaring Twenties (1920s)
C. The New Deal (1933)
D. The Stock Market Boom of 1925
E. The Federal Reserve Act (1913)
Scroll for the answer
TAXES
Married? Filing Taxes Separately Might Save You a Fortune
For most couples, filing jointly is the way to go—but in some cases, “what’s mine is mine and what’s yours is yours” could be the smarter tax move.
If one spouse has high medical bills, student loans, or a questionable relationship with the IRS, filing separately might keep more cash in your pocket.
In some states, separate filing can even slash your state tax bill—especially if one spouse is raking in the big bucks.
And let’s be honest, if your spouse is playing fast and loose with their tax reporting, do you really want the IRS knocking on your door too?
Just remember, you can always switch from separate to joint later—but once you file jointly, Uncle Sam has you both on the hook. Choose wisely!
Answer
Which event had the most significant impact on the U.S. economy during the early 20th century?
A. The Great Depression (1929)
The Great Depression, triggered by the stock market crash of 1929, led to widespread economic collapse, with GDP shrinking by nearly 30%, unemployment peaking at 25%, and bank failures crippling financial stability.
This period reshaped U.S. economic policies, leading to major government interventions like the New Deal, Social Security, and increased regulation of financial markets.
