A.M. Update – Tariffs and Shockingly Weak Payrolls

S&P futures are 1% lower this morning and Nasdaq-100 down -1.25%, after President Trump implemented widespread tariff increases on major trading partners, including Canada, Taiwan, and India, significantly reshaping the global trade landscape. The executive order signed on Thursday evening added reciprocal tariffs on a number of countries, with the new duties set to kick…