Mach 1 Market Moment Podcast

Welcome to the Market Moment! This week, Matt, John, and Lee discuss that six of the "Magnificent 7" (Alphabet, Meta, Microsoft, Amazon, Nvidia, Tesla) have gone down in the stock market. Jonathan Golub from UBS downgraded six of these, signaling a loss in momentum following their biggest market cap drop. This shift reflects concerns about where earnings are growing most, which could cause short-term disruption. Despite this, Golub remains positive about the broader market's trajectory, foreseeing continued growth supported by strong fundamentals and a robust economy. Tesla in particular has been struggling, which spawns a conversation about EVs. Next, the conversation turns to bipartisan worries in Washington about cheap Chinese goods. Both Biden and Trump advocate for tariffs on Chinese imports, though with different approaches. Despite declining steel imports from China, concerns persist about the impact of these goods on the US economy. Trump's proposal for significant tariffs could affect future trade an