🔴 Breaking news:
China has announced it will impose additional tariffs of 34% on imports from the US in retaliation for duties of the same amount unveiled by President Donald Trump this week as part of his aggressive trade agenda ▶️ The U.S. exported around $143.5 billion worth of goods to China in 2024. The category worth the most was electric machinery and sound equipment at $15.3 billion (up 31 percent from 2023). Aerospace products also saw a substantial increase year-on-year, up 69 percent to $11.5 billion in 2024. Meanwhile, mineral fuels and oilseeds and grains saw declines of 26 percent and 15 percent, respectively, since 2023. The U.S. has a trade deficit with China, meaning it imports more from China than it exports. Source: Statista, Mario Nawfal
JPMorgan’s chief economist Bruce Kasman:
"There will be blood"
An ugly day for Mag7 yesterday
Source: zerohedge, Bloomberg
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
US small caps russell 2000 is officially in bear market
First time since 2022
US credit-spreads are widening
Source: zerohedge
The SP500 just had its worst day since 2020
Source: Blossom @meetblossomapp
Never interrupt the compounding effect:
Source: Invest in Assets
