Not too much to report overnight. S&P 500 down 0.3% and the Nasdaq down 0.5%. Every analyst has been trying to decipher what impact these auto tariffs will have on the US economy and predict how trade partners will retaliate. Canada has already said it will fight the US tariffs but won’t provide details until next week. Cars are its second most valuable export (oil is first). Trump hitting where it hurts. Similar comments from the EU (Germany has a lot to lose). We’re on hold until then.
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