unless the company builds an iPhone in the US, which can’t be done. The shares dropped 5% on the news. A further 50% tariffs were threatened for Europe because of the lack of progress with negotiations there. Stocks dumped 400 points at the opening. Another day, another trade war. Maintain your (AAPL) short.

as the “Sell America” trade continues. It’s almost unprecedented for a currency to fall when its interest rates rise. Debt, default, and trade wars are now the larger concern. Keep buying dips in (FXE), (FXA), (FXB), and (FXY).

which had been slowed by safety regulations under previous administrations. An all-electric economy with AI is going to need a 400% increase in the electric power grid. Buy Cameco and Vistra Energy on dips, past Mad Hedge recommendations.

up 10.9%, but rising mortgage rates and economic uncertainty remained headwinds for the housing market. Builders are definitely trying to unload inventory ahead of a recession. Data for February and March was revised significantly down, taking some of the shine from the unexpected increase in sales last month. New homes are now cheaper than existing ones.

the USS George W. Bush, for his latest movie, The Final Reckoning. The Pentagon reviews scripts for accuracy and depiction of the military, and charges for equipment use and personnel support, but in this case, the carrier and crew were already on scheduled training missions, so no reimbursement was required. The crew spent three days in the Adriatic Sea filming aboard a nuclear-powered Nimitz-class carrier commissioned in 2009. All of the Top Gun movies have led to a massive surge in Navy recruiting, although few qualify.