The USA has had a permanent trade deficit for over 50 years. It imports more than it exports. Why is that? Because they have focused on high-tech. While other countries have built their factories for washing machines $WHR (-1,58%) sneakers $NKE (-0,18%) and tractors $DE (-0,43%) kept their factories running, the Americans preferred $MSFT (+1,32%) , $GOOGL (-1,98%), $NVDA (+4,72%) and $V (-0,06%) raised them. Technology instead of cheap production.

But: no world power can manage in the long term without industrial production. Trump now has three possible paths ahead of him:

1. introduce tariffs. Sounds like a heavy hand, but it often leads to less innovation and poorer quality because international competition is eliminated.

2. conclude trade agreements. In other words, deals that determine what is exported and imported, how much and where. More structured, but more laborious.

3. currency manipulation. Countries like Turkey or Denmark like to do this to boost their exports. For the USA, however, this is more difficult with the dollar as the world currency. If they start to manipulate it, everyone else will react too.

What is Trump doing instead? Exactly what he has always done: The big bluff.

With North Korea: threatening Rocketman as if he would flatten the whole country. Bluff.

With Gaza: the "hell on earth" rhetoric. Bluff.

With the Ukraine war: calling Zelensky a dictator and then a few days later pretending he never said anything. Bluff.

Now comes the next bluff. Against the EU. Against China. Against Jerome Powell.

He's playing the lunatic because that's how he understands the game. It worked in his reality show and it worked in the election campaign. He knows that if he goes crazy, everyone will stare at him spellbound. And that's enough for him to win. Chaos is part of his plan.

My conclusion: I won't be swayed by the fuss. I don't make investment decisions based on tweets and headlines. I'd rather take advantage of the weak dollar and keep buying

Here is also a suitable YouTube video: https://youtu.be/wIeTXYRajhw?si=NaVKDkc0xxDQtIwR

Where are the trade agreements?

The S&P 500 has now lost 2.5 trillion US dollars since its high on April 9 after the 90-day tariff break. Current level-3% drop.

While the markets are waiting for trade agreements, Japan has said today that it will "not simply give in further" in the US tariff talks.

TECHNOLOGY STOCKS TODAY:

1. tesla, $TSLA (+10,24%) : -7%

2. nvidia, $NVDA (+4,72%) : -6%

3. broadcom, $AVGO (+2,75%) : -4%

4. meta, $META (+0,53%) : -4%

5. amazon, $AMZN (+0,25%) : -4%

6. Robinhood, $HOOD (+1,7%) : -3 %

7. AMD, $AMD (+2,72%) : -3 %

8. alphabet, $GOOG (-1,83%) : -3 %

9. Microsoft, :, $MSFT (+1,32%) -2%

10. palantir, $PLTR (+4,68%) : -2%

The Nasdaq has officially re-entered bear market territory and is now 20% below its recent high.

You can't make this stuff up:

The S&P 500 has now lost $750 billion in market capitalization since Trump started calling Fed Chairman Powell "Mr. Too Late" this morning.

This will indeed be a dark red chart tomorrow when we get the data reconciliation here.

Focus on the balance sheets of tech giants

US tech giants are in the spotlight in the current reporting season. Companies such as NVIDIA $NVDA (+4,72%)Microsoft $MSFT (+1,32%)Amazon $AMZN (+0,25%), Tesla $TSLA (+10,24%) and the parent company of Facebook, Meta Platforms $META (+0,53%)present their results. Expectations are high, as the performance of these companies is crucial for many investors. In addition, the finanzen.net ZERO trading platform enables trading in Alphabet A (formerly Google) until 11 pm without order fees. This underlines how important these shares are for the market and investor interest.

NVIDIA shares under pressure: history suggests price reversal

NVIDIA shares have experienced a steep decline in recent weeks and are currently trading at around 101.49 US dollars. This corresponds to a decline of around 34% since the high in January 2025. However, historical data shows that such declines often represent a buying opportunity. In the past, NVIDIA shares have often staged strong recoveries following setbacks of more than 35%. Analysts emphasize NVIDIA's market leadership in the field of AI accelerators and the positive long-term trends that speak for the company and fuel hopes of a recovery in the near future.

Challenges and opportunities for NVIDIA

Despite the pressure on NVIDIA shares, the company has decisive advantages that should not be ignored. Its own software platform, CUDA, makes it easier to develop applications and sets NVIDIA apart from the competition. In addition, the launch of the new B200 chip is seen by analysts as a potential game changer that could significantly increase performance per dollar. Although there are challenges from increasing competition and geopolitical tensions, NVIDIA could be well equipped to expand its market share in the AI industry and potentially emerge stronger from this phase.

Sources:

https://www.finanzen.net/nachricht/aktien/giganten-im-ueberblick-bilanzen-tesla-nvidia-apple-amazon-co-termine-und-ergebnisse-der-tech-riesen-in-der-aktuellen-saison-14362387

https://www.finanzen.net/nachricht/aktien/aufschwung-in-sicht-nvidia-aktie-unter-druck-steht-eine-baldige-kurswende-bevor-14386033

Hello my dears,

I've just picked out a ranking for you for Easter of the companies and ETFs in which you are most invested.

I would have expected the "Magnificent Seven" to be at the top of the list.

I found it all the more astonishing how high up other companies are. And outrank the "Magnificent 7" here.

Apart from $NVDA (+4,72%) Nvidia and $MSFT (+1,32%) Microsoft, which are right at the top. But then comes the pharmaceutical stock $GILD (+1,09%) Gilead, which hardly anyone here would have expected.

Perhaps a little inspiration for you to discover new companies.

As if it were not enough that the largest economic nations are imposing punitive measures on each other, the major US tech companies are now also waging a war over the AI monopoly.

As has now become known, Zuckerberg's group has $META (+0,53%) has blocked the use of Apple Intelligence within its apps on iOS devices. This means that you can only use Meta's Llama AI in WhatsApp and Instagram, but not the $AAPL (+0,28%) AI.

First and foremost, it's remarkable that this is even possible. In fact, I would never have thought it possible to program and distribute software within Apple's ecosystem that can override the basic functions of the operating system.

Secondly, Meta is also playing a dangerous game here. Firstly, Apple could go to court, as this is likely to be illegal as anticompetitive behavior, at least in the EU. Of course, it is questionable whether the judges would have much sympathy for Apple, but competition authorities generally don't like it when you block features from other companies so that consumers can no longer decide for themselves which product they use.

On the other hand, Apple could of course also strike back and, for example, block updates or functions of Meta apps through the App Store, so that Meta would also have to reckon with problems. However, this would also not be permitted and Apple has already gotten into real trouble with Spotify. But that brings us back to the question of whether the judges would be particularly sympathetic to Meta? Probably not.

I can already see major upheavals brewing here between the two tech giants, in which both sides will only lose. Apple can't do without Meta and Meta can't do without Apple.

Of course, it will also be interesting to see whether the other Silicon Valley companies will also position themselves in the AI war. $GOOG (-1,83%) / $GOOGL (-1,98%) doesn't have quite as bad a relationship with Meta as Apple, but they don't really have any friends either and are of course also in competition with Microsoft and Apple. $AMZN (+0,25%) I consider Meta to be relatively resilient overall. They don't really need anyone from the others and, if I remember correctly, it has been customary for years to play hardball in disputes with the other companies. I can't swear to it, but I'm pretty sure that there wasn't even a YouTube app on Fire TV back then. $MSFT (+1,32%) Since the end of the Ballmer era, the company has also managed to maintain a relatively neutral and peaceful relationship with pretty much all companies. I'm curious to see if it will stay that way.

Overall, I am particularly concerned that Meta, Alphabet and Apple could be severely affected if, in addition to the political pressure in the trade conflict, friendly fire is now also exerted from within their own ranks. If the tech platforms isolate themselves from each other and impose sanctions, there will be many losers and no clear winners for the companies and, of course, for their customers.

Source: Finchat

$AAPL (+0,28%)

$MSFT (+1,32%)

$NVDA (+4,72%)

$GOOGL (-1,98%)

$AMZN (+0,25%)

$META (+0,53%)

$AVGO (+2,75%)

$TSLA (+10,24%)

$NFLX (+0,35%)

$AMD (+2,72%)

Alphabet $GOOGL (-1,98%)

Infosys $INFY

Taiwan Semiconductor Manufacturing $TSM (+0,97%)

ASML $ASML (-0,08%)

Microsoft $MSFT (+1,32%)

Applied Materials $AMAT (+1,05%) (rather speculative)

In fact, the technology sector has been the most difficult for me so far, probably also because it is a very dynamic and rapidly developing sector.

I would therefore be interested: Which companies do you see as particularly promising for a long-term investment?

To the computer scientists and tech insiders among you: Do companies like Microsoft, SAP or Adobe now tend to be established players that may have lost their innovative strength or do you still see them as being well positioned for the future?

Guys I have to laugh so hard right now and just think about this video:

https://youtu.be/9ssjwSrdh4A?si=CFXZbvYL3_H3RX_D

I just can't take what's going on here anymore 😂😂

$NVDA (+4,72%)
$MSFT (+1,32%)
$GOOGL (-1,98%)
$AAPL (+0,28%)
$PLTR (+4,68%)