August 7, 2025

By Nigam Arora

To gain an edge, this is what you need to know today.

Paper Tiger Tariffs

Please click here for a chart of Apple stock (AAPL).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of AAPL stock is being used to illustrate the point.
• The chart shows the run up in AAPL stock yesterday on the news of Apple investing an additional $100B in domestic manufacturing, bringing the total commitment to $600B.
• The chart shows the move up yesterday was on heavier volume, indicating conviction.
• The chart shows the additional jump up in the after market when President Trump indicated an exemption for Apple from the semiconductor tariffs.