Investors Keep Close Eye on Upcoming Tariffs

Introduction

As the Aug 1 deadline for Trump's upcoming tariffs looms, investors are keeping a close eye on the market. However, the solid start to earnings season may be masking the potential impact of the tariffs. Despite the uncertainty surrounding the trade war, investors seem mostly unbothered by the upcoming deadline.

Key Details

While the tariffs are expected to have a significant impact on the market, the strong earnings beats from companies like Apple, Google, and Facebook have helped ease investors' concerns. These companies have reported record-breaking profits, which have provided a sense of stability in an otherwise volatile market.

In addition, the recent trade talks between the US and China have also provided some optimism for investors. After meeting with Chinese President Xi Jinping, Trump announced that negotiations will resume, giving hope for a potential resolution to the trade war.

Impact

Despite the positive earnings and trade talks, it is important for investors to remain cautious as the tariffs may still have a significant impact on the market. The looming deadline and uncertainty surrounding the trade war could potentially lead to a more volatile market in the coming weeks. It is important for investors to closely monitor the situation and be prepared for any potential shifts in the market.