Donald Trump Negotiates Trade Deal With China

On April 4, Jim Cramer warned of a 1987 “Black Monday” style market crash.

Since that comment just over a month ago, the S&P 500 is up over 16%.

If you sold on April 4, you missed out on some of the greatest 1-month gains ever.

Here are some returns from individual stocks… pic.twitter.com/NsQJGbfRgq

— Collin Rugg (@CollinRugg) May 13, 2025

S&P 500 erases all 2025 losses

— zerohedge (@zerohedge) May 13, 2025

Egg prices fall 12.7% largest fall in 40 years

— OSZ (@OpenSourceZone) May 13, 2025

?BREAKING: U.S. inflation drops to 2.3%, lower than expected. pic.twitter.com/9oSjuMm6fb

— Benny Johnson (@bennyjohnson) May 13, 2025

BREAKING: Southern border apprehensions plunge more than 90% from year ago in April, CBP says

— Fox News (@FoxNews) May 12, 2025

We can’t have a country … because of egg prices, because of tariffs and the stock market, because of inflation, because of the due process rights of Kilmar Abrego Garcia, etc.

CNN:

“The decision by both the United States and China to drop stratospheric tariffs by 115 percentage points at the conclusion of two days of talks marked the most significant development in a policy approach that has been equal parts maximalist and messy. The de facto trade embargo between the world’s two largest economies had produced domestic and global economic pressure that appeared on the brink of calamity.

The de-escalation sent markets soaring across the world Monday, as it shed light on a Trump administration’s strategy to maintain significantly higher tariffs while incentivizing its largest trading partners to come to the table with offers. …”

Financial Times:

“US stocks wiped out their losses so far this year on Tuesday, as lower than expected inflation figures added fuel to a rally sparked by Donald Trump’s deal with China to cut tariffs. The S&P 500 was up 0.8 per cent by early afternoon in New York after data showing US inflation unexpectedly fell to 2.3 per cent in April. The move extended a strong rebound this month and left the Wall Street benchmark 0.2 per cent higher in 2025. …”

ABC News:

“Consumer prices rose 2.3% in April compared to a year ago, cooling slightly from the previous month and defying fears of an inflation surge in the aftermath of President Donald Trump’s “Liberation Day” tariffs last month. The reading — which marked the lowest inflation rate since 2021 — matched economists’ expectations.

Egg prices fell 10% in April compared to the previous month, offering some relief for shoppers, data showed. Still, egg prices stand much higher than they did a year ago.

By contrast, gasoline prices dropped 12% over the past year. The nationwide average price of a gallon of gas is $3.15, AAA data shows. …”