The Morning Filter

4 Stocks to Buy Before They Rally Further

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Apr 28, 2025
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INSIGHT

PCE Impact on Fed Policy

  • A worse-than-expected PCE inflation reading would handcuff the Fed from easing monetary policy soon.
  • Future inflation depends heavily on tariffs and trade negotiations, making near-term forecasts unreliable.
INSIGHT

Jobs Report Insight

  • Companies are limiting new hiring while waiting on trade negotiations outcomes.
  • Average hourly earnings growth faster than inflation is critical to maintain consumer purchasing power.
INSIGHT

Tariff Risks in Tech Sector

  • Tariff risk for tech centers on physical goods with China supply chains, especially semiconductors and hardware.
  • National security concerns make semiconductors especially vulnerable to tariffs.
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