Just when I thought the Trump administration had officially exhausted every acronym known to mankind… Donnie Politics (or, more accurately, his PR brain trust) decided to spin up a brand-new one.
Enter: the “U.S. Tech Force.”
Yes, really.
In short, Trump is hyping a brand-new initiative dubbed the “U.S. Tech Force.” Think Chuck Bartowski’s Nerd Herd… but with federal badges and access to classified Wi-Fi.
According to the official government site, participants would commit to a two-year stint, working directly with agency leadership “in collaboration with leading technology companies.”
And by “leading technology companies,” they mean the usual suspects: Amazon, Apple, Google… and, shocker of the century, Palantir.
Because if there’s a government data project within 500 miles, Palantir already has a badge, a parking spot, and probably the admin password.
The why behind all this? Trump trying to make sure America doesn’t fall behind CHI-NA on the tech scoreboard.
As for today’s price action, AI fears were officially back on the menu. The S&P 500 slipped about 0.2%, the Dow sagged roughly 0.2%, and the Nasdaq took the hardest punch, sliding around 0.5%. Broadcom got kicked square in the teeth, down more than 5%, while Oracle followed it down the stairs, off over 2%.
This wasn’t your average panic sell. It was more like investors politely pushing their chairs back and saying, “I love AI… but I might need a minute. And maybe a mint.”
Money rotated out of high-multiple tech and into areas that actually respond to the economy… consumer discretionary, industrials, healthcare. You know, companies that sell stuff, build stuff, or keep people alive. Boring… but suddenly very attractive.
All of this is happening ahead of a loaded economic calendar… delayed thanks to the government shutdown, because of course it was. November nonfarm payrolls hit Tuesday, October retail sales land alongside them, and an inflation print follows on Thursday.
Economists are preparing for just 40,000 jobs added in November, down from 119,000 in September. And here’s why that matters: if that number comes in light, the market will immediately start whispering sweet nothings about rate cuts again.
Which brings us back to the market’s final boss: the Fed.
Powell’s term ends in May, and Trump has already rolled out the casting call. Kevin Hassett is the frontrunner, Kevin Warsh is lurking, and both are considered Trump guys, meaning they’ll swear loyalty to data… right until Donnie tweets (cheap money here we come).
Meanwhile, pot stocks came down from their high. After going orbital Friday on reclassification chatter, reality hit.
CNBS fell roughly 2%, Tilray dumped more than 5%, and Canopy slid over 2%. Turns out betting on legalization rumors is not the same as legalization.
If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.
At the time of publishing this article, Stocks.News holds positions in Amazon, Apple, and Google as mentioned in the article.
Did you find this insightful?
Bad
Just Okay
Amazing
Disclaimer: Information provided is for informational purposes only, not investment advice. We do not recommend buying or selling stocks. Stock price discussions are based on publicly available data. Readers should conduct their own research or consult a financial advisor before investing. Owners of this site have current positions in stocks mentioned thru out the site, Please Read Full Disclaimer for details Here https://app.stocks.news/page/disclaimer