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VRA Letter: Stocks Turn Lower on Trumps Apple Threat. VRA Portfolio News; SMR, GME, XTRAF. Trumps BBB Will Turbocharge the Economy.

Good Friday morning. Here we go again. Futures turned sharply lower this AM as Trump announced that he’s not ok with Apple moving production from China to India and that a 25% tariff will be applied to Apple on US sales. Trump w ...

Posted On May 23, 20255 MIN Read
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Good Friday morning. Here we go again. Futures turned sharply lower this AM as Trump announced that he’s not ok with Apple moving production from China to India and that a 25% tariff will be applied to Apple on US sales. Trump wants iPhones to be made in the US. The Dow Jones fell 600 points on the news with Nasdaq -400. Gold is up $60 on the news with GDX +2.5%.

As with recent early morning selloffs, we’ll be surprised if the markets don’t find their footing and rally higher. This has been the (clear) repeating pattern, from the 4/7 lows. And BTW, we see the odds of Apple making their phones in the US as slim to none. This is about leverage with Trump, almost certainly.

VRA Portfolio News

NuScale Power (SMR) jumped 21% on news that Trump will sign an executive order today under the Wartime Act to fast track nuclear power in the US. The orders are expected to enable the DoE and DoD to skip NRC rules and fast-track new nuclear plants. This looks to be the most important news fo...

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