"There are three distinct categories of bear market."
- Goldman Sachs Source: Daily Chartbook @dailychartbook
Last week’s trade data shows an incredibly bleak picture for the economy:
- 49% drop in global container bookings - 64% drop in U.S. imports. - 30% drop in U.S. exports. If this continues for more than a few weeks, there is no doubt that we are headed for tough times ahead. Source: Brian Krassenstein @krassenstein on X
Who do you think is smarter here?
Source: Guilherme Tavares @i3_invest
JUST IN 🚨: S&P 500 forms Death Cross ☠️ for the first time since March 2022
Source: Barchart
Extreme anti-US sentiment or just the start of a trend?
Source: Barchart
Investing quote of the day:
Source: Meb Faber
Asset class returns 2025 YTD
Source: Charlie Biello
Donald Trump signalled he may offer carmakers some relief from tariffs, in the latest sign the US president will offer carve-outs to selected industries.
Trump said he was “looking at something to help car companies” that were making vehicles in North America. “They’re switching to parts that were made in Canada, Mexico and other places, and they need a little bit of time, because they’re going to make them here,” Trump said from the Oval Office on Monday. His remarks came after the administration at the weekend exempted smartphones, laptops and other consumer electronic goods from steep “reciprocal” tariffs, although US officials later said those items could be caught in a later round of levies. Trump unveiled steep tariffs of 25 per cent on imports of cars and parts last month, in a move that threatens to push up costs for American consumers and upend global auto supply chains. Under the trading regime, cars and parts made in Canada and Mexico face lower levies and only attract the 25 per cent tariff on their non-US content if they otherwise comply with the rules of the 2020 USMCA trade agreement. Trump’s comments on Monday suggest he may offer carmakers more time to move supply chains to North America. Source: FT
