Hi All - Happy Saturday and welcome back to Street Tweets from The Street Sheet. 

Wow. What a week. Are y’all as sick of reading about tariffs as I am of writing about them? I mean, c’mon, there are so many more interesting trade war tactics out there.

Like, whatever happened to sneaking onto a merchant schooner in the middle of the night and dumping all its tea into the ocean? Where’s the creativity?

Together With Wyatt Investment Research

FREE REPORT Reveals New Urgent Pre-IPO Opportunity

SpaceX has surged over 77,768% and is now worth $350 billion.

Now “the next SpaceX” is preparing to go public…

And you can grab Pre-IPO shares for less than $4.

My estimates suggest shares could soar 457% by the time of the IPO.

Market Review:

Stocks ended the past week on Wall Street on a down note, with major indices sliding Friday due to concerns over tariffs and inflation.

President Donald Trump's announcement of potential reciprocal tariffs triggered a sharp decline, with the Dow falling 444 points, or 1%, and the S&P 500 and Nasdaq also down around 1%.

The market had already been shaky ahead of this, as consumer sentiment dropped and inflation expectations rose, pushing the 10-year Treasury yield above 5%.

Additionally, January’s jobs report showed a dip in unemployment but higher-than-expected wage growth. Tech stocks, including Amazon and Alphabet, faced setbacks, particularly after disappointing earnings guidance.

It was a volatile week overall, and despite trading up in the middle of the week, all three major indexes finished in the red.

Market Preview:

Next week, Wall Street will focus on several key economic reports.

Nothing is scheduled for Monday, but on Tuesday, the NFIB Optimism Index for January will be released, followed by a testimony from Fed Chairman Jerome Powell.

Wednesday will bring key inflation data in the form of the Consumer Price Index (CPI) and Core CPI for January, as well as the US federal budget for January.

Thursday will feature another inflation print, the Producer Price Index (PPI), as well as Initial Jobless Claims for last week.

Finally, it’ll be a busy Friday, with January’s Import Price Index, Retail Sales, Industrial Production, and Business Inventories all due.

Gotta admit, I don’t get the hubbub about rate cuts, either.

We’ve been living in a “high-rate” environment for the past two years. How did that work out for the S&P 500?

Now, this, on the other hand…

Maybe our government should hire some wunderkind twentysomethings to fix housing costs. Who cares if the economy crashes, as long as we have four walls to wait it out in?

Or, alternatively, we can just keep taking the “Matthew McConaughey in Wolf of Wall Street” approach.

“Fugazi, Fugazzi, it’s a wazzie, it’s a woozie, it’s pffft. Fairy dust. It doesn’t exist.”

Together With Wyatt Investment Research

FREE REPORT Reveals New Urgent Pre-IPO Opportunity

SpaceX has surged over 77,768% and is now worth $350 billion.

Now “the next SpaceX” is preparing to go public…

And you can grab Pre-IPO shares for less than $4.

My estimates suggest shares could soar 457% by the time of the IPO.

There’s knowing, and there’s knowing.

Same reason I don’t bother smelling two-week-old milk, just pour it in a bowl of Crunch Berries and roll the dice.

Granted, losing $3 is a lot easier to stomach than $3 billion — even when factoring in the salmonella.

I probably shouldn’t read the rest of that book.

I understand the sentiment, to be sure, and I’m not a big fan of day trading either. My paycheck (not to mention my genetic predisposition toward stomach ulcers) exempts me from it entirely. So I’m admittedly not in a position to turn down advice from billionaires.

But when it comes to measuring business success, I prefer the surprisingly zen mindset of The Wire’s Proposition Joe.

“Buy for a dollar, sell for tew.”

TRIVIA