PODCAST: US Stocks Hit Record Highs

The S&P 500 Index has reached 5300 for the first time, and in this segment, Jerry Robinson delves into the reasons for this historic market climb. Topics include:

• The S&P 500 and Nasdaq hit new all-time highs in the wake of April’s CPI report
• April CPI report showed disinflationary forces remain intact
• Investors are expecting the first interest rate cut this September, which is bullish for stocks, commodities, and other risk assets
• Bitcoin is also benefiting from the April inflation news, jumping more than 6% on Wednesday; +55% YTD gain
• Jerry ranks the major markets we track based on YTD performance and provides his latest forecast
• Four key markets that are poised to rise once interest rate cuts commence

In this segment, Jerry Robinson discusses the new Biden tariffs on targeted Chinese goods and their potential impact on U.S. electric vehicle and clean energy companies. He discusses:

• What are the new tariffs on China’s EVs, critical minerals, and clean energy?
• Which U.S. companies stand to benefit from the new tariffs?
• Why tariffs are a double-edged sword
• Apple* pursues deal with ChatGPT’s parent organization, OpenAI

*Disclosure: Jerry Robinson owns this stock or ETF.

Jerry closes out today’s show with a timely quote from Nobel prize winner and physicist Albert Einstein.