Tariffs "cheat sheet" updated
Source: Bloomberg
Trump 2.0 vs. Trump 1.0
The full market picture by Fund Strat Interesting to link this to Trump's comments yesterday on FoxNews: "There could be a little disruption (…) Look, what I have to do is build a strong country. You can't really watch the stock market. If you look at China, they have a 100 year perspective. We go by quarters. And you can't go by that”. Not the same kind of Trump's put than in 2017...
The US labour market is on recession alert as job market cools with large discrepancies between establishment survey and household survey.
👉 The establishment survey showed 151,000 new jobs in Feb, LESS than expected. 👉 According to the household survey, 588,000 jobs were cut in Feb, which is why the unemployment rate has risen to 4.1%, although the participation rate has also fallen from 62.6% to 62.4%. Source: HolgerZ, Bloomberg
BREAKING: US February NFP lower than expected!
➡️ Nonfarm Payrolls 151K (est. 160K, prev. 125K) ➡️ Private Nonfarm Payrolls 140K (est. 142K, prev. 81K) ➡️ Unemployment rate 4.1% (est. 4.0%, prev. 4.0%) ➡️ Average hourly earnings YoY 4.0% (est. 4.1%, prev. 3.9%) ➡️ Labor force participation 62.4% (est. 62.6%, prev. 62.6%) Source: Jayanth Ukwaththa on X, US Bureau of Statistics
🚨HOLY COW: Hedge funds dumped global stocks at the fastest pace on RECORD over the last 2 weeks.
The majority of sales were in US equities and were even larger than during the 2022 BEAR MARKET. Meanwhile, sp500 and Nasdaq 100 are down 'just' 6% and 9% since their peaks. Source: Global Markets Investor
Italy's bond yield just crossed 4%! Thanks to Germany's embracement of debt to invest in defense and infrastructure.
Who remember what happened in 2011/2012? At the time the debt to GDP ratio was 108%. Today it is 140%... Source: Jeroen Blokland, Bloomberg
Deja vu all over again???
Source: www.zerohedge.com, Bloomberg
The US National Debt is currently at $36.6T or $323K per taxpayer
source : usdebtclock.org
