In today’s pre-mkt summary for Subscribers: Trump’s extension of 50% EU tariff deadline for 90 days sparking risk-on rally with SPX +1.6%, NDX +1.8% pre-mkt; $Tesla(TSLA.US) +2.7% pre-mkt as investors largely shaking off BYD’s 10-30% China price cuts as temporary inventory adjustments needed to move “first generation” models; $NVIDIA(NVDA.US) reports 1Q earnings tomorrow; investors expecting $43.4B in Apr revs (+67% YoY) and $46.4B in July rev guidance (+54% YoY); May 7 Fed minutes tomorrow; April PCE deflator Friday.
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