OVERVIEW
The Weekend Rip: April 06, 2025

It was an absolutely tariffying week in the stock market as Trump’s executive orders sent global investors running for the hills. Traders and investors are bracing for another volatile week ahead as we wait to see if Trump offers any delays or concessions. 😱 

Let's recap and prep you for the week ahead. 📝

What Happened?

📉 On Monday, stocks closed out their worst month and quarter since 2022. Late-day momentum and several M&A deals overshadowed the mayhem. Newmax went max bid during its IPO, soaring to a $9 billion valuation. Plus, Strategy made another massive Bitcoin purchase.

👋 On Tuesday, we introduced our new Daily Rip Writer, Kevin Travers. The market churned as it awaited Trump’s reciprocal tariff announcements. Several IPOs soared amid the madness, Johnson & Johnson was blocked from its bankruptcy settlement again, and The Weekend Rip’s Ben Cahn crashed Daily Rip Live.

😱 On Wednesday, ‘The Golden Age Of America’ was introduced, and the markets crashed. The infamous tariff table sent stocks into a spiral, and tariffs forced companies to choose between customers and profits.

🐻 On Thursday, the Russell 2000 entered bear market territory, hard times fell on Restoration Hardware, and Stocktwits hosted an exclusive interview with IonQ Inc.’s CEO Niccolo De Masi.

🥵 On Friday, the stock market was cooked, and Jerome Powell’s speech didn’t help matters at all. Early signs of capitulation began to form, with trading volumes surging and circuit breaker reminder posts hitting the streams. Ben & Emil from The Weekend Rip broke down the week’s events day by day.

🤩 This week's Stocktwits Top 25 showed outperformance vs. the major indexes.

Here are the closing prices: 

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