帮主郑重：关税大刀砍向印度！美股“三杀”警报未除

Market Dynamics - The Dow Jones Industrial Average (DJIA) dropped by 330 points, primarily due to the impact of tariffs on industrial stocks, which are heavily represented in the index [3][4] - Major industrial companies like 3M and Caterpillar led the decline, while the Nasdaq was supported by tech giants like Microsoft and Meta, which helped it reach new highs before a slight drop [3][6] - Fear indicators are rising, with gold prices increasing by 0.5% and a sudden jump in U.S. Treasury yields, indicating a potential flight from dollar assets [3][5] Tariff Battle - The tariffs are targeting India with a 25% tariff set to take effect, putting pressure on the Modi government to choose between the U.S. and Russia [4][5] - Mexico received a 90-day reprieve on steel and automotive tariffs, but a 25% tariff on fentanyl remains in place, highlighting ongoing negotiations [4][5] - South Korea is facing a 15% tariff in exchange for a $350 billion investment, but the market response has been muted [4][5] Earnings Season - Tech giants are performing well, with Microsoft reporting Azure revenue exceeding $75 billion, and Meta exceeding revenue expectations for Q3 [6][7] - Traditional sectors like energy, industrials, and consumer goods are struggling under tariff pressures, with ExxonMobil reporting $13.5 billion in net income but facing weak demand [7][8] - Procter & Gamble is maintaining growth through price increases, but the consumer staples sector is underperforming the market [7][8] Long-term Investment Strategy - Investors are advised to be cautious of the volatility caused by Trump's tariff policies, suggesting a maximum 10% holding in industrial stocks and favoring companies like Microsoft with significant global revenue [8][9] - Companies with strong cash flow, particularly those with a free cash flow rate above 5%, are becoming safe havens for institutional investors [9][10] - There is a shift towards assets outside the dollar, with Hong Kong stocks rising and gold ETFs attracting significant investment as a hedge against the declining faith in the dollar [9][10]