Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Tech Stocks: Trump Out On Trade Today?

Tech stocks could face a hurdle today as President Trump's official decision on trade could be out today. White House press secretary Sarah Huckabee Sanders said Monday, "we expect that to be out soon." Reports from news agencies expected a decision by today. Treasury Secretary Steve Mnuchin said discussions were expected Friday but not necessarily an announcement.


Reuters reported earlier in the week that it's expected US "restrictions are announced on Friday."

Tech Stocks Pushed Around

QQQ chart
QQQ ETF
The tech stock heavy NASDAQ ETF QQQ stock price is down 2.25% on the week and was down 3.4% for the week at its lows on Thursday.

The confusion over the next step in trade talks is pushing around tech stocks because many have big exposure to China. The US looking at export controls could risk tech stock revenue estimates later in the year which is causing stock volatility.

First Round Of Tariffs Coming

The first round of both US and China's newly instituted tariffs begin July 6th. That will make products more expensive and the risk is it could slow down spending. The real risk as we see it are the export controls mentioned above which would not only slow spending but could cut revenues.

Our Take

We see the major indices like S&P 500 ETF (NYSEARCA:SPY) and QQQ (NYSEARCA:QQQ) all turning into a downtrend which adds risk to the news over the next few days.


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