Market Outlook - S&P 500 could reach 6,500, influenced by potential tariff impacts on GDP and earnings [2][4] - Tariff impacts could lead to a 1% GDP hit resulting in approximately a 4% earnings reduction [2] - Market's positive reaction to Delta's improved forecast indicates continued economic growth and consumer spending [5][6] Earnings Season Expectations - Earnings season is pivotal for assessing consumer and business spending, providing real-time data [8] - Financial sector and banking sector are expected to benefit, despite challenging year-over-year comparisons [10] - Regional banks are favored over larger banks due to price-to-book ratios and potential deregulation benefits [10] Investment Strategy - Robin Hood strategies have shifted towards GARP (Growth at a Reasonable Price), including tech, aerospace and defense, and midcaps [13] - Midcaps are considered undervalued, with long-term average price-to-earnings ratios at 19 times, currently at 16 times [13] - Potential rate cuts by the Federal Reserve could drive the S&P 500 to 6,500, but concerns remain regarding the labor market [11][15]