Tariffs Are on Pause, Bonds and Tech Are in Play

The markets - and the emerging “TACO trade - were jolted by headlines again. This time, the usually-obscure US Court of International Trade called a halt to many of Trump’s tariffs.

Stocks surged on the news… then dropped to give back the gains… and then began to fight back into the green for the day.

Still, the tech sector continues to show strength and resilience, especially in the wake of Nvidia’s (NVDA) earnings yesterday. As long as tech keeps leading, these dips are for buying.

Bonds are also catching a bid; Fed Chairman Powell’s “inflationary tariffs” excuse for keeping rates high could be pitched out the window.

The tantalizing prospect of cheaper money is an even stronger tailwind in tech’s sails, and that’s not the only favorable setup I see out there.

Here’s what I’m looking at…

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