Why Trump reciprocal tariffs should terrify bulls in Apple, Amazon, and other tech plays

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The chart of the day What we’re watching What we’re reading Economic data releases and earnings Big-cap tech stocks are usually priced at hefty premiums to the broader market for a few reasons. One, companies such as Microsoft (MSFT) and Amazon (AMZN) have lucrative recurring revenue streams on products and services that others can’t easily replicate. (I was reminded of this on the Opening Bid podcast this week, where a guest told me that Amazon will likely charge…