The market has seen a significant decline due to reevaluation of tech stocks and new tariffs by the Trump administration on China, Canada, and Mexico. Recent news suggests a potential tariff compromise could stabilize relations with Canada and Mexico, leading to a slight recovery in certain stocks like Palantir, Microsoft, and Broadcom. However, the overall market remains on edge, as broader indices like the S&P 500 and Nasdaq continue to trend downward, reflecting ongoing investor uncertainty.
The broader market has seen a considerable decline over the past week as investors re-assessed tech names. However, certain stocks have started showing promising signs of a recovery.
Investors are optimistic that a tariff compromise could happen again, but the recovery of stocks like PLTR, MSFT, and AVGO still hangs in the balance.
Commerce Secretary Lutnick mentioned that a previous tariff compromise with Canada and Mexico could be on the table, leading to a mixed market reaction.
Stocks rarely rise or fall vertically when the broader market cycle shifts, with many believing we're undergoing such a shift currently.
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