Brian Stewart

Overall, EV sales were up in Europe in the same data set. So the fact that Tesla was down so sharply might be something very Tesla related. The fall has brought Tesla below $1 trillion in market cap for the first time in November. So you can kind of see the upside and downside of his close association with the Trump administration.

You saw Tesla rally sharply after the election, but now that there's much more controversy around his activities in relation to the government, you're starting to see that having an effect on Tesla.

You saw Tesla rally sharply after the election, but now that there's much more controversy around his activities in relation to the government, you're starting to see that having an effect on Tesla.

You saw Tesla rally sharply after the election, but now that there's much more controversy around his activities in relation to the government, you're starting to see that having an effect on Tesla.

Yeah, United Health was down 9% this week. As you said, the proposed Medicaid cuts are starting to raise red flags. That's a big part of their business. There's also a DOJ probe of its Medicare billing practices. So the stock in general is down 14% since early February. So this is starting to seep into the market, the idea that there's less government support in general.

Yeah, United Health was down 9% this week. As you said, the proposed Medicaid cuts are starting to raise red flags. That's a big part of their business. There's also a DOJ probe of its Medicare billing practices. So the stock in general is down 14% since early February. So this is starting to seep into the market, the idea that there's less government support in general.

Yeah, United Health was down 9% this week. As you said, the proposed Medicaid cuts are starting to raise red flags. That's a big part of their business. There's also a DOJ probe of its Medicare billing practices. So the stock in general is down 14% since early February. So this is starting to seep into the market, the idea that there's less government support in general.

Another example is Palantir. There's concerns about the budget cuts have sort of taken some of the air out of that stock. It was up 24% after its earnings report in early February, but has recently had a five session losing streak. And that was a pretty dramatic drop. Each of those five sessions, it was down 3% and then two of them or a 10% or more drop.

Another example is Palantir. There's concerns about the budget cuts have sort of taken some of the air out of that stock. It was up 24% after its earnings report in early February, but has recently had a five session losing streak. And that was a pretty dramatic drop. Each of those five sessions, it was down 3% and then two of them or a 10% or more drop.

Another example is Palantir. There's concerns about the budget cuts have sort of taken some of the air out of that stock. It was up 24% after its earnings report in early February, but has recently had a five session losing streak. And that was a pretty dramatic drop. Each of those five sessions, it was down 3% and then two of them or a 10% or more drop.

So you're starting to see, even if it's individual companies or sectors, starting to see kind of the ripple effect of budget cuts that are being put into place, or at least the proposed budget cuts. And then in general, you can kind of, if we take it back to a more macro level and look at the economic data, people are starting to get worried about the economy in general.

So you're starting to see, even if it's individual companies or sectors, starting to see kind of the ripple effect of budget cuts that are being put into place, or at least the proposed budget cuts. And then in general, you can kind of, if we take it back to a more macro level and look at the economic data, people are starting to get worried about the economy in general.

So you're starting to see, even if it's individual companies or sectors, starting to see kind of the ripple effect of budget cuts that are being put into place, or at least the proposed budget cuts. And then in general, you can kind of, if we take it back to a more macro level and look at the economic data, people are starting to get worried about the economy in general.

We saw initial jobless claims jump to a multi-month high in the most recent data. And so you're starting to see worries about layoffs. This is critical ahead of next week's jobs data, which is a little backward looking. But still, I think people are going to be looking at that really closely to see if the cut in public jobs is starting to have a broader economic impact.

We saw initial jobless claims jump to a multi-month high in the most recent data. And so you're starting to see worries about layoffs. This is critical ahead of next week's jobs data, which is a little backward looking. But still, I think people are going to be looking at that really closely to see if the cut in public jobs is starting to have a broader economic impact.

We saw initial jobless claims jump to a multi-month high in the most recent data. And so you're starting to see worries about layoffs. This is critical ahead of next week's jobs data, which is a little backward looking. But still, I think people are going to be looking at that really closely to see if the cut in public jobs is starting to have a broader economic impact.

I think they're starting to lower a little bit. The job market has been one of the bright spots. As we've been fighting inflation, the fact that the job market has held up as well as it has, has sort of given the Fed permission to kind of take the inflation fight more seriously than it could otherwise if it also had to worry about the economy.

I think they're starting to lower a little bit. The job market has been one of the bright spots. As we've been fighting inflation, the fact that the job market has held up as well as it has, has sort of given the Fed permission to kind of take the inflation fight more seriously than it could otherwise if it also had to worry about the economy.

I think they're starting to lower a little bit. The job market has been one of the bright spots. As we've been fighting inflation, the fact that the job market has held up as well as it has, has sort of given the Fed permission to kind of take the inflation fight more seriously than it could otherwise if it also had to worry about the economy.

But if you have an economy that's starting to show some cracks, it puts the Fed in a real bind because if it cuts rates to protect the economy, then that could unleash the inflation goblin. But if you fight inflation, you might undermine any attempt to jumpstart the economy. So you end up in a situation where the Fed is sort of stuck between a rock and a hard place.