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Good morning!
Last week, the U.S. stock markets experienced significant volatility due to new tariffs announced by the administration, with major indexes like the S&P 500 and NASDAQ initially plunging but later rebounding sharply after tariff exemptions were introduced. The week ended on a positive note, marking the best weekly performance for these indexes since late 2023. Here's what's happening this week...
| | | | Have cash or cash equivalents earning nothing or next-to nothing? It's a great time to invest in U.S. Treasury Bills, a short-term investment with little risk and easy liquidity. We'll post current rates of return here each Tuesday. Want to put your money to work? Call a Miramontes Capital advisor today! | | |
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Q1 earnings season kicked off Friday with good numbers from big banks. This week, more financial powerhouses report, starting this morning with Bank of America, Citigroup, and PNC Financial, along with Johnson & Johnson, Ericsson, United Airlines, and J.B. Hunt Transport. Wednesday numbers are due from U.S. Bancorp, The Travelers, ASML Holding, Abbott Laboratories, CSX, Prologis, and Citizens Financial, followed Thursday by TSMC (Taiwan Semiconductor), UnitedHealth Group, Netflix, American Express, Charles Schwab, Blackstone, Infosys, and Truist Financial. Friday earnings reports are due from HDFC Bank, Park National, and C&F Financial. *
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U.S. retail sales for March are expected to gauge how consumers are reacting to President Trump's tariff policies. Economists expect Wednesday's report to show a strong spike in major purchases, enough to prevent GDP growth from contracting in the first quarter. **
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NVIDIA announced Monday that it's planning to invest up to $500 billion in AI infrastructure in the US over the next four years. This move comes as the tech industry ramps up efforts to boost domestic manufacturing, partly influenced by Trump's trade policies and push to bring more heavy industry back to the US. As part of this massive investment, NVIDIA is teaming up with Foxconn and Wistron to build two new supercomputer manufacturing plants in Texas. The company expects to start mass-producing supercomputers at these facilities within 12 to 15 months. ***
| | The financial advisors at Miramontes Capital diligently keep up with anything that can impact our clients' finances and tap into more than 175 years of combined investment experience. We do our all to keep your money protected and growing. If you think you might benefit from our financial experience and oversight, contact us today for a FREE, no-obligation consultation. Just call (800) 460-1595. Until next week... | | | |
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| | | Investment Advisory Services offered through Miramontes Capital, LLC. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies affiliated through common control. This newsletter is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. | | | | |
