Newsletter #15: Between relaxation and uncertainty – recovery with reservations

Welcome to the fifteenth edition of this newsletter, dear readers! At the beginning of this week, the S&P 500 continued to be punished by tariff threats and briefly fell below 5,000 points. With the announcement that certain tariffs would be suspended, the index managed to fight its way back up to 5,450 points. Nevertheless, the situation remains tense, as investment houses such as Morgan Stanley and Oppenheimer have significantly lowered their annual forecasts for the S&P 500. Update on the trade conflict Interesting news was published on Friday. The CBP (US Customs and Border Protection) announced that smartphones, computers, computer chips, and other technical devices would initially be exempt from the "reciprocal tariffs" (mutual...