ChartAddicts Morning Briefing – May 19, 2025

ChartAddicts
May 19
2 min read

Markets on Edge Amid Tariff Tensions and Diplomatic Moves

Market Snapshot

U.S. markets are poised for a volatile session as investors digest a flurry of geopolitical developments:

S&P 500 Futures: Down 0.3%
Nasdaq Futures: Down 0.5%
Dow Futures: Down 0.2%

The tech sector is under pressure following renewed tariff threats, while energy stocks are mixed amid Middle East ceasefire talks.

Key Events Today

Federal Reserve Speeches: Multiple Fed officials, including Bostic, Jefferson, Williams, Logan, and Kashkari, are scheduled to speak today. Markets will be watching for any hints on future monetary policy direction or inflation outlook.
Economic Data: The Conference Board Leading Economic Index (10:00 AM ET) is forecast to decline by 0.7%, consistent with the previous month.

Geopolitical Developments

Trump's Tariff Strategy Intensifies

President Trump announced plans to reinstate higher tariffs on nations that fail to negotiate trade deals in “good faith.” Treasury Secretary Scott Bessent confirmed that formal notices would be delivered to targeted countries.

India is reportedly considering removing 100% of its tariffs on U.S. goods, potentially reshaping bilateral trade dynamics.

U.S.–China Trade Truce Strains

Despite a temporary easing in tensions, China’s latest retail and industrial data revealed significant slowdowns, underscoring the continued economic toll of U.S. tariffs.

Trump Leads Ukraine Peace Outreach

Trump is scheduled to speak separately with Presidents Putin and Zelenskyy today in an attempt to broker a temporary ceasefire agreement in Ukraine. Markets are monitoring the outcome closely.

Ceasefire Reached in Yemen

A U.S.-brokered ceasefire between Houthi forces and coalition allies has gone into effect following negotiations led by Oman. Energy traders are watching for stabilization signals in Red Sea transport zones.

Commodities Update

Crude Oil: Slightly lower as investors assess the impact of Middle East ceasefire developments.
Gold: Trading flat amid cautious positioning ahead of Fed commentary.