Syz the moment

The Trump administration may move to purposely dismantle dollar hegemony. Source: Philip Pilkington @philippilk

"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.”

It seems that china is ready to retaliate by weaponizing US Treasuries‼️As the US threatens to impose ADDITIONAL Tariffs on China of 50%, effective April 9th, China responds by selling another $50BN in Treasuries ‼️Oh by the way, the hashtag#yield on 10Ys is now almost unchanged from Liberation Day! 😨 Source: zerohedge, Bloomberg

Trump is now threatening China with FURTHER 50% tariffs if China does not withdraw its 34% by today. 😱 104% tariff on China in 24 hours if no deal.

As highlighted by Mohamed El Erian >>> "The markets' initial reaction has been to focus on the likely US growth slowdown, thereby narrowing the yield differential of the US relative to other advanced economies and weakening the dollar. It is only a matter of time until markets realize that the "beta" of the rest of the world to lower US growth is much closer to 1, if not above 1. You know, it's the old saying: When the US catches a cold, the rest of the world risks something much worse". Source: FT

$GOOGL a P/E under 15x $AAPL $AMZN are almost market multiples Source: Mike Zaccardi, CFA, CMT, MBA

And the market doesn't like it 😨 🔴 Dow Futures are down 1,000 points and Asia, Cryptos are a bloodbath

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