So the U.S. and China just agreed to a 90 day timeout on their crazy tariff rates cutting U.S. levies on Chinese imports from 145% to 30% and China’s on U.S. goods down to 10%. As soon as the news hit, the Nasdaq spiked over 4%, pushing it back into bull-market territory up more than 20% from its early April lows. Amazon jumped about 7.4% on hopes that lower duties will trim import costs and keep ad revenues flowing. NVIDIA wasn’t far behind, rallying roughly 5% as traders bet cheaper supply chains will turbocharge AI chip output. Even Tesla popped 8%, since investors figured fewer tariff headaches means smoother exports and production. Analysts hailed this as a “best case scenario” for risk assets but warned it’s only a temporary pause. If talks collapse in August, costs could jump right back up and markets might get choppy again. Keep an eye on NVIDIA’s Q1 report later this month and any hints about extending this truce. Once the 90 days are up, things could swing sharply if Washington and Beijing can’t lock in a longer term deal. So yeah, tech bulls are partying now, but buckle up for some volatility if the ceasefire doesn’t stick.
So I’m definitely going to add to my position. LOL