July 24, 2025 Live Trading Room Market Recap & Trades
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Market rejoices again with the TACO trade in full view. Trump is said to be imposing less-than-expected tariffs on Japan with hopeful eye to EU trade deal.
But he also said up to 50%, which is code for China.
In a nutshell, the market continues to trade higher into the August 1st deadline - with China's deadline extended "a week" from August 12th.
In other news, Jensen gets political - fast.
After Trump jokes to an AI audience with NVDA CEO in attendance that he thought about breaking up Nvidia, Jensen responds with a platitude to pacify:
“America’s unique advantage that no other country can possibly have is President Trump,”
The market is also responding to Trump signing executive orders to boost artificial intelligence development in the US by loosening regulations and expanding energy supplies for data centers.
“From this day forward, it’ll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence,”
Crazy to imagine that this is the launch pad for AI after the concentration risk we've witnessed in the past few years despite how far its already climbed:
Tech now makes up 34% of the S&P 500 — surpassing the 33% peak in 2000.
Top 10 stocks control 40% of the index vs. 25% in ’99.