The Market Brief

U.S. futures higher as market sentiment got a boost after President Donald Trump announced that companies producing goods in the U.S. would be eligible for exemptions from his proposed 100% tariffs.

Impact Snapshot

• 🟥 Unemployment Claims - 8:30am

• 🟧 30-y Bond Auction - 1:01pm

Macro Viewpoint

Stock futures rose early Thursday as traders mulled over President Donald Trump’s announcement of a new steep tariff on imports of semiconductors and chips.

Increasing speculation on a Federal Reserve interest-rate cut are also supporting optimism in stocks as sweeping new tariffs to reshape global trade officially took hold Thursday.

Market Pulse Index which combines six metrics like market breadth, volatility and leverage to deliver a reading on investor sentiment has pushed to a “manic” reading last month, a sign that investor exuberance may be running too hot.

Traders continued to monitor tariff developments and quarterly financial results, which have mostly beaten analysts’ expectations

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