The automaker beat expectations but saw a 35% decrease in net income due to tariffs, and is expecting a bigger hit next quarter
We’ve lost decency. We’ve lost civility. We’ve lost respect for the rule of law. We’ve normalized verbal abuse. We’ve normalized bullying. Out the window goes character, integrity. We’re supposed to elect the best of us, not the worst of us.
While stocks may be due for a breather, we believe the bull market remains intact. We maintain our June 2026 S&P 500 price target of 6,500, and recommend using volatility as an opportunity to phase into markets.
Let’s not kid ourselves. The idea of “reciprocity” in global trade — tit-for-tat tariffs, perfectly balanced flows — is conceptually clean but economically delusional. We import goods others produce more cheaply. We export what they can’t. Trying to equalize trade balances through blunt-force tariffs is like trying to fix the weather with duct tape.
What this approach does do is sow long-term uncertainty. For U.S. businesses trying to plan sourcing and investment decisions, the fog is thickening. As Matt Priest from the Footwear Distributors and Retailers of America noted, the lack of clarity is paralyzing: “We need to understand the full bingo card.”
Spoiler alert: there is no bingo card. There is only a coin flip between escalation and reprieve every few weeks.
This is a smart approach to launching an affordable EV pickup truck. I’m excited to see what happens next.
I fear that the US is falling behind in EV technology investment, and by the time we realize it, it’ll be a steep climb for us.
I’m a huge Grammarly fan, but this could be valuable to a lot of folks.
This is the right policy change. To run down the path to deportation was obviously wrong. Recent reports have indicated there are over 400K jobs that remain unfilled in the construction industry alone. These are the people that power our country.
If they really wanted to solve immigration, they would read papers like Exceptional by Design from the EIG team < improving high-skilled, legal immigration. They would offer fair hearings, deport actual criminals, arrest people who are violent during protests, and help people who have been trying to get citizenship for years who pay taxes (almost $100 billion < in 2022) and work hard.