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- TPTP 04/23/25
TPTP 04/23/25
Mike Larson
April 23, 2025
Mike Larson | Editor-in-Chief
Markets launched a “face-ripping” rally yesterday, and they’re at it again this morning. Equities are up sharply, and they’re being joined by Treasuries. Gold is extending its losses from yesterday, while the dollar is up modestly.
No trouble finding the catalyst here: President Trump backed down on his Federal Reserve and China tariff threats. Specifically, he said he had “no intention” of firing Fed Chairman Jay Powell before his term expires in May 2026. Trump also said he’d be “very nice” to China and suggested tariff rates could “come down substantially” if US-China negotiators can reach a deal.
SPY, TLT, TSLA (2-Day % Change)
Throw in deeply oversold market conditions and extremely negative investor sentiment – and you get the S&P 500 rallying almost 5% in 24 hours. Not to mention gold dropping almost $200 an ounce from its overnight-session high to this morning. Long bond futures were also recently up two-and-a-half points in price, while 10-year Treasury yields were down more than 10 basis points.
Widely followed and widely held, Tesla Inc. (TSLA) is jumping this morning. Its Q1 results were abysmal, with revenue of $19.3 billion missing the average estimate of $21.4 billion and earnings per share coming in at 27 cents versus an estimate of 44 cents. But CEO Elon Musk said the right things in the post-earnings conference call, pledging to focus more on Tesla than his role at DOGE and promising that a planned lower-priced vehicle would go into production in this year’s first half.
In other high-profile earnings reports, Boeing Co. (BA) reported a smaller-than-forecast loss…electric utility giant NextEra Energy Inc. (NEE) beat estimates on strong power demand…and Philip Morris International Inc. (PM) topped estimates thanks to strength in its nicotine pouch business. Shares of all three companies rose in early trading.
S&P 500 5,287.76 (+2.51%) ↑ | VIX 28.15 (-7.92%) ↓ |
Dow Jones Industrial Average 39,186.98 (+2.66%) ↑ | Gold $3,334 per ounce (-2.5%) ↓ |
Nasdaq Composite 16,300.42 (+2.71%) ↑ | Oil $62.83 per barrel (-2.32%) ↓ |
What are professional technical analysts saying about this market environment? I spoke with Tom Bruni about what he heard at the recent Chartered Market Technician’s conference in New York — and what strategies they’re advocating amid extreme volatility. You can check out my MoneyShow MoneyMasters Podcast segment with the editor-in-chief and VP of community at Stocktwits HERE.
PLD: An Industrial Property Giant with a Solid Dividend Yield
👉️ TICKERS: PSA, PLD
Prologis Inc. (PLD) is the largest US industrial REIT by far, owning about 1.3 billion square feet of real estate in 20 countries. For context, the second-largest US industrial REIT in the sector is Public Storage (PSA), with a market cap of around $50.9 billion, less than half that of Prologis, writes Ben Reynolds, editor of Sure Dividend.
PAGP: Use Market Pullback to Lock in a Fantastic Yield
👉️ TICKER: PAGP
The recent market pullback has put some great dividend stocks on sale. Energy midstream has been a hot sector for several years, driving up share prices and driving down current yields. I like Plains GP Holdings LP (PAGP), highlights Tim Plaehn, editor of The Dividend Hunter.
