4 Apr 2025
Markets are flashing a stagflation warning.
Goldman's long/short stagflation basket is up 27.5% YTD, while the SP500 has dropped nearly 10% over the same period. Source: Bloomberg, HolgerZ
4 Apr 2025
JPMorgan’s chief economist Bruce Kasman:
"There will be blood"
4 Apr 2025
US credit-spreads are widening
Source: zerohedge
3 Apr 2025
CEO confidence one year out has fallen to the lowest since 2010:
Apollo's Torsten Slok
3 Apr 2025
The list is out...
34% RECIPROCAL TARIFFS ON CHINA 20% RECIPROCAL TARIFFS ON THE EUROPEAN UNION
3 Apr 2025
➡️ 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
3 Apr 2025
Here’s what investors consider to be the biggest risk to markets right now 👇
Source: Cheddar Flow @CheddarFlow
3 Apr 2025
CHINA URGES US TO IMMEDIATELY CANCEL RECIPROCAL TARIFFS, VOWS COUNTER-MEASURES
Source: Geiger Capital @Geiger_Capital
