Southeast Private Wealth

The S&P 500 futures are down four points, trading 0.1% below fair value, the NASDAQ 100 futures are down 33 point, trading 0.2% below fair value, and the Dow Jones Industrial Average futures are up 57 points and are trading 0.1% above fair value. Read more in the Morning Brew.

The S&P 500 has displayed a robust response from oversold conditions. MACD is turning higher, risk-on posture has resumed its uptrend, and underlying momentum is improving as technical indicators recover from the recent ~10% pullback. Read more in the Weekly Market Guide.

Tariff-related volatility continues with the U.S. enacting a 25% tariff on all cars and light trucks assembled outside of the U.S. With motor vehicles making up ~4% of consumer spending, these tariffs will be a near-term headwind. CIO Larry Adam provides insight in Up & Adam.

The market is still waiting on reciprocal tariffs to be announced on April 2. President Trump said in an interview that he doesn't want "too many exceptions," but also said that he would be "more lenient than reciprocal," according to Bloomberg. Read more in the Morning Brew.

While soft economic data (such as surveys) disappoints, the hard data (actual measures of activity) continues to suggest that the U.S. economy remains on solid footing. CIO Larry Adam provides insight into this and other market-moving headings in Up & Adam.

Early trading has been muted after yesterday's robust rally in the major indices. Contracts tied to the NASDAQ 100, S&P 500, and Dow industrials are slightly higher, but moves are limited. Read more in the Morning Brew.

U.S. Treasury yields are proving to be the exception to the global trend this year. While yields have risen globally YTD, U.S. Treasury yields have been pushed lower due to softening growth expectations, jittery stocks and the looming debt ceiling deadline.

Reports that President Trump is expected to narrow the reciprocal tariffs that will be announced on April 2 to targeted nations, and industry specific tariffs will be omitted, have provided a catalyst for markets to continue rising. Read more in the Morning Brew.

With falling U.S. Treasury yields and a healthy income component, U.S. bonds are having their best quarterly performance against U.S. stocks since 2Q22, and fifth-best result in a decade. CIO Larry Adam provides insight into this and other market-moving headings in Up & Adam.

President Trump is set to reveal new tariff plans in the coming weeks that could impact the recent streak of increased volatility. CIO Larry Adam highlights the economic and market unpredictability and how Trump's upcoming decision could bring relief in the latest Weekly Headings.