Group 1 - The S&P 500 experienced a significant decline of 20% during March and April, coinciding with the announcement of the Liberation Day tariffs [1] - The market expectation was that reciprocal tariffs would be maintained at the levels set on April 2nd [1]

Group 1 - W.W. Grainger, Inc. has good growth potential over the coming years due to its initial pricing increase in response to Trump Tariffs, which is expected to boost sales in the upcoming quarters [1] - The company is positioned to benefit from the economic environment and has strategies in place to unlock value and drive upside [1] Group 2 - The analyst has experience in investing and has provided research services to mid-sized hedge funds, focusing on medium-term investing strategies [1] - The analyst's strategy includes investing in growth stories available at reasonable prices, particularly in the industrial, consumer, and technology sectors [1]