The S&P500 had yesterday its worst day since 2020
Source: Blossom @meetblossomapp
US credit spreads are widening
Source: zerohedge
US smallcaps #Russell2000 is officially in bear market
First time since 2022
The $VIX ended the day at 30, its highest close since August 5, 2024.
Fear is on the rise and stocks are on sale, providing more opportunities for long-term investors. Source: Charlie Bilello
CEO confidence one year out has fallen to the lowest since 2010:
Apollo's Torsten Slok
The list is out...
34% RECIPROCAL TARIFFS ON CHINA 20% RECIPROCAL TARIFFS ON THE EUROPEAN UNION
➡️ Liberation Day announcement brings US tariffs to levels not seen since the Smoot-Hawley.
➡️ Rough estimate of ~1.2% drag to US growth if they persist, before any retaliatory tariffs. ➡️ ~300bln/year revenue raise. ➡️ Canada & Mexico outcome is better than expected. ➡️ Europe & Japan is worse. Source: Bob Elliott
In 2010, Forbes’ annual snapshot of the world’s billionaire population showed just 1,001 members, with Mexican business magnate Carlos Slim Helú topping the rankings with $53.5 billion
a sum that would put him in 30th position in 2025. Since then, the count has more than tripled, total collective wealth has more than quadrupled from $3.6 trillion, and the average list member’s net worth has risen from about $3.6 billion to $5.32 billion. Source: Chartr
