Markets Get Clearest Picture Yet Of Tariff Relief Plan – And It’s Still Pretty Darn Murky
It’s still wholly convoluted.
It’s still wholly convoluted.
All of this is playing out against a backdrop defined by a (rare) dearth of news flow…
Have (stable) genius, will travel.
There’s plenty of optimism, but when it comes to trade, market participants are understandably jaded.
It’s the flip-side of the overwrought, hair-on-fire rhetoric that accompanies selloffs.
A “simple tax message” he can campaign on.Â
Suffice to say tensions have escalated materially.
“They’re moving along much too slowly for me”.
Draw your own conclusions.
Rampant optimism is now reinforcing the Fed’s message that rate cuts are done.
“Christie’s US recently sold two pairs of late 1990s tortoiseshell sunglasses for $2,750”.
Two recession-ravaged economies are enjoying large rallies in domestic equities.
“Short-term ‘contrarian’ positioning signals be damned”.
“This would have a devastating, catastrophic effect”…
The White House issued a patently ridiculous statement suggesting that somehow, the president is “not hurt”.
Hint: It’s a bit more nuanced than some high-profile hedge fund luminaries would have you believe.
“Probably a lot ahead of schedule”.
Any plans on the part of the Fed to telegraph a pause could be derailed immediately.
Sealing the deal with Xi may require giving up on rate cuts in an election year.
Show me the flows.
“…better growth needs to take over as a driver”.
“Massive” farm purchases are contingent, apparently.
One tweet away from a panic.
“Good and easy to win”, he said.
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