Tom Lee: Today may have seen the quiet return of the "Trump put"
Eyeing previous retests & V-bottoms $SPX Source: Mike Zaccardi, CFA, CMT, MBA
US tariffs on China are set to SKYROCKET off the charts:
If China does not withdraw its 34% tariff increase the US will impose ADDITIONAL 50% tariffs on China from April 9. This would bring the US effective tariff rate on China to ~108% on top of the previously announced 58%. Source: Global Markets Investor, Goldman Sachs
Almost like it was scripted. Too perfect?
Source: Trend Spider
Investing quote of the day
Meb Faber @MebFaber
Updated version of our Q1 2025 earnings season preview, data as of April 7, 2025.
The season kicks off this Friday with all eyes on the big banks. Over 50% of S&P 500 firms mentioned tariffs in their Q4 conference calls according to FactSet, could we see that number go higher? Source: Wall Street Horizon @WallStHorizon
CEA (Council of Economic Advisors at the White House) Chairman Stephen Miran says USD reserve asset status is a problem.
The Trump administration may move to purposely dismantle dollar hegemony. Source: Philip Pilkington @philippilk
Well said by Peter Mallouk
"It’s been a rough year so far for US equity markets, but we’ve been through much worse in the past and gotten through it. We’ll get through this as well. As Abraham Lincoln once said: This, too, shall pass.”
Has a new secular BEAR MARKET begun in the US?
The US share in the global stock market has fallen 3-4 percentage points since its November 2024 peak of 67%. This comes as the US has significantly underperformed other markets this year. Many investors are not ready for this.. Source: BofA, Global Markets Investor
