Diamonds and Dogs

4/3/25

Playing defense today. Defensive sectors like telecom that have no tariff issues are trading higher today. AT&T (T) and Verizon (VZ) are higher by 2% today while the broader market is down 4%. Not many places to hide today.

Apple (AAPL) taking a hit even as they pledge to invest $500 billion in the US over the next four years as President Trumps wants. However, the new tariffs issued last night may cut earnings estimates by 25% and face price hikes as high as 30%. Not sure who is benefitting here.

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