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Impact of Trade Policies on Financial Stocks: The financial sector is facing significant challenges as major banks report a sharp decline in stock prices due to President Trump's new tariffs, leading to a freeze in dealmaking and postponement of IPOs by several companies.

Earnings Season Concerns: As Wall Street's earnings season approaches, analysts are focused on the potential impact of rising inflation and recession fears on bank profitability, with expectations that banks may lower their revenue guidance and set aside more funds for future loan losses.

Market Impact of Tariffs: President Trump's new tariffs have negatively affected global stocks, and upcoming earnings reports from major companies will reveal how they are coping with the situation. The market's future direction hinges on whether Trump takes action to alleviate the tariff impacts.

Earnings Reports Overview: Key earnings reports from companies like Levi Strauss, Walgreens, Delta Air Lines, and major banks are expected this week, with concerns about inflation and tariffs influencing their performance and stock prices.

Stock Market Selloff: All 11 sectors of the stock market experienced a significant decline following President Trump's announcement of new tariff plans.

Impact on Financial Institutions: Banks and private-equity firms were particularly affected, as investors are concerned about potential recession impacts leading to reduced borrowing and dealmaking activities.

Impact of Tariff Announcements: President Trump's "Liberation Day" tariff announcements significantly disrupted the stock market.

Weekly Stock Review: The Score provides a weekly analysis of major stock movements and the news influencing them.

Market Concerns: Analysts are worried that the S&P 500 may enter a bear market if it fails to maintain critical support levels, particularly after the Nasdaq Composite has already fallen into bear territory due to tariff-related issues.

Capitulation Signals: There are indications of market capitulation as fear levels rise, with the CBOE Volatility Index reaching high levels; however, experts suggest that further declines may still occur before a recovery can begin.

Market Decline: Major banks and tech stocks, including Goldman Sachs, Tesla, and Apple, experienced significant declines due to fears of an economic pullback following President Trump's new tariff policies, with some stocks dropping over 10%.

Sector Impact: Various sectors, including real estate, semiconductor, manufacturing, and energy, faced losses as tariffs affected consumer spending and production costs, leading to notable drops in shares of companies like Boeing, Shell, and casino operators.

Impact of Tariffs on U.S. Markets: U.S. tech companies, banks, and oil majors experienced significant declines in stock prices following China's announcement of retaliatory tariffs and export controls against U.S. goods, raising concerns about a potential global economic downturn.

Sector-Specific Reactions: Companies heavily reliant on China, such as Tesla and Apple, faced increased pressure on margins and sales, while broader market fears affected various sectors including automakers, luxury brands, and semiconductor firms due to anticipated supply chain disruptions and reduced consumer demand.

Impact of Tariffs on Stocks: Major banks and tech stocks, including Goldman Sachs, Morgan Stanley, and Apple, experienced significant losses due to escalating fears of a U.S. economic downturn and China's announcement of retaliatory tariffs on U.S. goods.

Sector-Specific Declines: Semiconductor companies like Intel and Nvidia, along with equipment manufacturers such as Deere and Caterpillar, also saw their shares drop as a result of the ongoing trade tensions and tariff implications.

Impact on Bankers: American bankers are not directly involved in importing or exporting goods like sneakers or cars, yet they are still affected by tariffs imposed under the new trade regime announced by President Trump.

Potential Consequences: The new trade policies could lead to a significant financial impact on lenders, presenting them with a potential triple threat from these changes.

Global Bank Stock Decline: Japanese bank stocks experienced their worst weekly loss in over 40 years, with major banks like Mitsubishi UFJ and Mizuho Financial Group seeing declines of more than 20%, amid fears of a global recession exacerbated by U.S. trade policies.

Market Reactions and Predictions: The significant drop in bank shares has led to a flight to safety in bonds, causing a historic decline in Japanese government bond yields, while expectations for interest rate hikes by the Bank of Japan have diminished significantly.

Morgan Stanley's Real Estate Fund: Morgan Stanley is raising approximately ¥100 billion ($684 million) for a Japan-focused real estate fund, targeting office spaces, multifamily residential buildings, logistics facilities, and hotels in major urban areas as Japan's economy shows signs of recovery.

Market Growth Indicators: Land prices in Japan rose by 2.7% in 2024, marking the highest growth rate since 1991, indicating a positive trend in the country's real estate sector.

Rob Citrone's Reaction: Hedge-fund manager Rob Citrone was astonished as he watched President Trump announce a significant plan to impose tariffs on global trade from the White House Rose Garden.

Impact of Tariffs: The announcement signals a major shift in U.S. trade policy, which could have widespread implications for international relations and economic markets.

Impact of Tariffs on Companies: Major companies like Lululemon, Deckers Outdoor, and Nike experienced significant stock declines due to President Trump's new tariffs on imports from countries such as Vietnam and China, affecting their supply chains heavily reliant on these regions.

Market Reactions and Earnings Reports: Stocks across various sectors, including banks and tech giants, fell amid concerns over economic repercussions from the tariffs, while some companies like Lamb Weston reported better-than-expected earnings, contrasting with others like RH and Wayfair that faced sharp declines.

Bank Stocks Decline: U.S. bank shares fell to multi-month lows following President Trump's tariff plan, with major banks like Citigroup and Bank of America experiencing significant drops due to fears of a slowing economy and potential trade wars.

Investment Banking Outlook: Analysts predict ongoing pressure on investment banking income as companies delay acquisitions amid tariff uncertainties, with regional banks likely facing greater challenges compared to larger institutions that can leverage trading operations.

Impact of Tariffs on Companies: Lululemon, Nike, and discount retailers like Dollar Tree and Five Below saw significant stock declines due to new tariffs imposed by President Trump, affecting their supply chains primarily in Vietnam and China.

Market Reactions and Earnings Reports: Major tech companies, banks, and luxury home furnishers like RH experienced stock drops as investors reacted to the economic implications of the tariffs, with RH reporting disappointing earnings amid a struggling housing market.

Impact of Tariffs on Asian Economies: President Trump's new tariffs target rapidly growing Asian economies, particularly affecting Vietnam, which is crucial to global supply chains.

Specific Tariff Rates: The U.S. will implement a 10% general tariff on imports, with higher rates for countries deemed "bad actors," including Vietnam (46%), Thailand (36%), Indonesia (32%), and Malaysia (24%).

AI Feature Delays: Major tech companies are facing challenges in delivering promised generative-AI features on time, leading to frustration among users.

Voice Assistant Humor: The article highlights the use of humor related to voice assistants like Siri and Alexa, reflecting the disappointment in unmet expectations for new AI capabilities.

U.S. Global Trading Order Shift: The U.S. is poised to disrupt the global trading system it established, leading to an uncertain future in international economic relations.

Trump's Economic Gamble: President Trump's upcoming announcement aims to reshape the U.S.'s economic ties, which he believes have been disadvantageous, despite the American economy's recovery post-pandemic.

Earnings Calls Overview: Major U.S. banks, including JPMorgan Chase, Wells Fargo, Morgan Stanley, and Bank of New York Mellon, will hold earnings calls on April 11, with expectations of a cautious tone due to economic uncertainties and potential credit issues.

Analyst Insights: BofA Securities anticipates stronger trading revenues and revised price targets for several banks, while investors will be looking for indicators of consumer and corporate strength in investment banking and lending.

Palantir's Stock Decline: Palantir (PLTR) shares dropped 3% amid concerns over U.S. defense budget cuts and geopolitical tensions, with analysts noting the company's high exposure to government contracts as a significant risk.

Management's Response and Market Outlook: Despite the challenges, Palantir's management emphasizes resilience through commercial growth, but analysts remain divided on the stock's future, maintaining a Hold consensus rating amidst ongoing volatility and uncertainty in defense spending.