Trump Orders Temporary 10% Global Tariff to Replace Duties Struck Down by US Supreme Court
Trump said that he would impose a 10% global tariff for 150 days to replace some of his emergency duties that were struck down by the U.S. Supreme Court.
Big Tech stocks haven't been this cheap in months. These investors say it's time to buy.
The 'Magnificent Seven' have become the 'Lag-nificent Seven', one analyst joked. The "Magnificent Seven" have struggled since October, but better days could be coming, one portfolio manager said.The so-called "Magnificent Seven" have gone from stock-market leaders to stock-market laggards. But amid the most persistent bout of underperformance for those Big Tech names since the start of the bull market more than three years ago, some see an opportunity to buy.J.C. Parets, a market technician and founder of TrendLabs, joked that the "Magnificent Seven" have become the "Lag-nificent Seven." He said positioning in those stocks became extremely crowded last year. Now, some of that has unwound. While Parets said he doesn't expect investors to pile back into those names to such an aggressive degree, the latest bout of weakness could be a buying opportunity.