BREAKING 🚨: Fund Managers
Fund Managers have missed out on the recent stock surge after recently reducing their equity exposure to the lowest levels in 2 years 👀 Source: Barchart, BofA
Recession Cancelled?
McDonald's $MCD to hire 375,000 workers this summer 🚨🚨🚨 Source: Barchart, CNBC
US 30-Year Treasury Yield jumps to 4.89%, sitting near the highest levels of the last 18 years
Will the rise of bond yield start to hurt the equity market's recovery? What is the pain threshold? Source: Barchart
The US and China have agreed on a deal to help resolve the trade war raging between the world’s two largest economies, top Trump administration officials announced Sunday.
Details of the deal, struck during negotiations in Switzerland over the weekend, were not revealed, but officials teased that more information will be shared on Monday. Source: Karli Bonne on X
The largest trade deficits and surpluses with the US
Source: Markets & Mayhem @Mayhem4Markets
How do US universities make money?
Source: Markets & Mayhem @Mayhem4Markets, Voronoi
🔴 BREAKING: US and China agreed to LOWER tariffs on each other for 90 days until further agreement is reached.
▶️ US cuts tariffs on Chinese goods to 30% from 145% (a base 10% plus 20% fentanyl duty) from May 14th. ▶️ China cuts tariffs on American goods to 10% from 125%. ▶️ Reductions DO NOT include sectoral duties imposed on all US trading partners, and the tariffs applied on China during the first Trump administration remain in place. Treasury Secretary Scott Bessent said that neither side wants to decouple. As a reminder, in 2018, both sides also agreed to pause, but the US backed away from that, which led to more than 18 months of further tariffs and talks. It is a short-term relief at least. But just one headline may reverse everything again. Stay tuned. Source: Global Markets Investor
US-China Trade (temporary) deal summarized
(see below table by Mike Zaccardi, CFA, CMT, MBA. 👉 As highlighted by a CNBC article >>> The new U.S.-China deal to temporarily cut tariffs is better than expected, providing near-term relief for investors. Under the deal, so-called reciprocal tariffs will drop from over 100% to 10% on both sides. The Trump administration will keep 20% fentanyl-related tariffs on China in place, meaning America’s total duties on Chinese imports will stand at 30% while the 90-day pause is effective. 👉 In a note to clients on Monday, Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, said the deal unveiled in Geneva was better than anticipated, but uncertainty remained. “The magnitude of this tariff reduction is larger than expected,” he said, although he noted that it would be difficult for Beijing and Washington to reach a more concrete trade arrangement in just three months. “The 90-day period may not be sufficient for the two sides to reach a detailed agreement, but it keeps the pressure on the negotiation process,” Hui said. “We are still waiting for further details on other terms of this agreement, for example, whether China would relax on rare earth export restrictions.” Source: CNBC
