Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Got my popcorn ready. Much more (designed) chaos to come!
Totally unrelated to tariffs, but some folks are amazed to realize that they are suddenly paying more for their monthly prescriptions. Let's remind them to thank Uncle Dump! They ain't seen nothing yet.
Got my popcorn ready. Much more (designed) chaos to come!
Totally unrelated to tariffs, but some folks are amazed to realize that they are suddenly paying more for their monthly prescriptions. Let's remind them to thank Uncle Dump! They ain't seen nothing yet.
He's not going to start WW3 with our adversaries; he's going to start WW3 with our allies. And in the end, his fantastical quest for 'America First' will turn us into 'America Alone.'
Red staters and nonvoters can squeal all they want when it hurts them -- this was what they asked for by their actions or inaction.
This is the first round of tariff with China, Canada and Mexico. Both Canada and Mexico retaliated the same 25% tariffs, especially liquor from Red States. China is taking their case to WTO. There is more to come as he also threatens EU and England.
Tariffs affect both sides and they should not be taken lightly of tools in trading policy. I keep thinking what are the catalyst(s) that trigger the market sell off?
This is the first round of tariff with China, Canada and Mexico. Both Canada and Mexico retaliated the same 25% tariffs, especially liquor from Red States. China is taking their case to WTO. There is more to come as he also threatens EU and England.
Tariffs affect both sides and they should not be taken lightly of tools in trading policy. I keep thinking what are the catalyst(s) that trigger the market sell off?
imo, FOTUS escalating things out of the blue because his feels like it. As a bully, he doesn't like it when countries he attacks stand up and/or retaliate against him.
Automakers are already cowering, being afraid to speak up out of fear of incurring FOTUS' wrath -- what does *that* tell you about the so-called 'free markets' here?
If the stock market enters correction territory in the near-term due to tariffs, Trump may rescind tariffs and quickly declare victory based on an inconsequential outcome. He has a strong preference to be associated with robust stock market returns.
If the stock market enters correction territory in the near-term due to tariffs, Trump may rescind tariffs and quickly declare victory based on an inconsequential outcome. He has a strong preference to be associated with robust stock market returns.
However, if some present valuations are skating on thin ice, a reversal of this sort might not be enough to save the ship. (Apologies for the mixed metaphor.)
what does *that* tell you about the so-called 'free markets' here?
It is not a free market just as you see the big tech leaders at the inauguration. They all want the corporate tax cut just like previously. Now many of them are removing DEI from their corporate policies.
Despite all the flaws in NAFTA, it has strength the economies between US, Canada and Mexico in the last two decades. One cannot readily turns back the clock on auto industry by re-shoring in the States without incurring significant cost and time. Same with importing oils.
what does *that* tell you about the so-called 'free markets' here?
It is not a free market just as you see the big tech leaders at the inauguration. They all want the corporate tax cut just like previously. Now many of them are removing DEI from their corporate policies.
Despite all the flaws in NAFTA, it has strength the economies between US, Canada and Mexico in the last two decades. One cannot readily turns back the clock on auto industry by re-shoring in the States without incurring significant cost and time. Same with importing oils.
Agreed. But remember, this idea comes from the same super-jenius who thought sunlight, shining a light up your hoo-hoo, and/or injecting bleach would eliminate Covid and help improve his 'numbers' early in the pandemic....
We better pray that there is not another round of pandemic take place soon. This administration is even more incompetent than his previous one. He nearly died from COVID-19 if it was not for the anti-viral drugs he was given, not bleach.
We better pray that there is not another round of pandemic take place soon. This administration is even more incompetent than his previous one. He nearly died from COVID-19 if it was not for the anti-viral drugs he was given, not bleach.
Agreed, @Sven. Another human pandemic is a very clear danger of the bird flu spread. It's already jumped from wild fowl to domestic, fowl to cattle, and domestic animals to humans. This isn't the best time to have authoritarian buffoons tearing down our public health system.
I am watching closely on the H5N1 virus as it mutates and jumps from birds to human. Few death cases are due to the existing health issues of those infected.
The speed of transmission from one poultry farm to another is alarming. Even with the current Biohazard practice in these farms, it has not stopped all cases. That is one reason egg production has hauled in part of the country while raises egg prices. Thousands gallons of milk were destroyed with the detection of the virus in the milk.
In contrast, New Zealand and few countries (cannot recalled) have had few COVID deaths and minimal economic suffering due to their fast reaction and scientific know how’s. Granted, these are small countries and easier to closed their boarders. Noted that these countries were headed by women as my wife reminded me.
@rforno, with all due respect, I think your thread title would be more appropriate if it read, "Tariff President's Markets Open."
As stated on air a while ago by one notable journalist (paraphrasing): "No president or even presidential candidate in US history other than the buffoon was ever stoopid enough to claim he wanted to be known as the 'Tariff President'."
Sadly, a mere two weeks into the mayhem, he's accomplished that goal!
More broadly, the previously successful strategy of "buying the dip" is going to be very difficult under his regime, as investors will never know when the next buffoon-induced market DROP will occur.
UBS Wealth does however this AM provide these thoughts:
UBS Wealth reiterated its 6,600 target for S&P 500. 'Tariffs unlikely to be sustained.'
Many observers don't think the tariffs will last very long.
"Tariffs on Canada and Mexico are unlikely to be sustained, U.S. economic growth should represent a tailwind for stocks, and we continue to believe that AI presents a powerful structural tailwind for earnings and equity markets," said Mark Haefele, global wealth management chief investment officer at UBS.
He pointed to several off ramps: for one, industry groups will file court challenges as well as lobby for their removal. The tariffs also could be a tactic to reaccelerate a renegotiation of the U.S.-Mexico-Canada Agreement that Trump negotiated in his first term. The tariffs also could lead to concessions from Mexico and Canada.
There's also the brief period before the tariffs go into effect, on Tuesday, for negotiation, as well as the several weeks that will be needed for the U.S. Customs and Border Protection to actually implement them, judging by the 2018 and 2019 experience, he said.
In contrast, New Zealand and few countries (cannot recalled) have had few COVID deaths and minimal economic suffering due to their fast reaction and scientific know how’s. Granted, these are small countries and easier to closed their boarders
Hey watch that! It took only two weeks to raise tariffs to close the US borders. (One can either laugh or cry or both about this absurdity.)
It's only for a month. And it looks like Trump finally got Mexico to pay for a wall - not an engineered wall, but a wall of 10,000 soldiers on the border.
Now the illegal migrants and drugs can pass under the protection of 10,000 soldiers. Any agreement that does not tie to verifiable numbers is just another Houdini’s act.
Comments
Totally unrelated to tariffs, but some folks are amazed to realize that they are suddenly paying more for their monthly prescriptions. Let's remind them to thank Uncle Dump! They ain't seen nothing yet.
Red staters and nonvoters can squeal all they want when it hurts them -- this was what they asked for by their actions or inaction.
Tariffs affect both sides and they should not be taken lightly of tools in trading policy. I keep thinking what are the catalyst(s) that trigger the market sell off?
Thanks for the “cheery” update.
Automakers are already cowering, being afraid to speak up out of fear of incurring FOTUS' wrath -- what does *that* tell you about the so-called 'free markets' here?
Trump may rescind tariffs and quickly declare victory based on an inconsequential outcome.
He has a strong preference to be associated with robust stock market returns.
Despite all the flaws in NAFTA, it has strength the economies between US, Canada and Mexico in the last two decades. One cannot readily turns back the clock on auto industry by re-shoring in the States without incurring significant cost and time. Same with importing oils.
The speed of transmission from one poultry farm to another is alarming. Even with the current Biohazard practice in these farms, it has not stopped all cases. That is one reason egg production has hauled in part of the country while raises egg prices. Thousands gallons of milk were destroyed with the detection of the virus in the milk.
In contrast, New Zealand and few countries (cannot recalled) have had few COVID deaths and minimal economic suffering due to their fast reaction and scientific know how’s. Granted, these are small countries and easier to closed their boarders. Noted that these countries were headed by women as my wife reminded me.
@rforno, another view of the future market for tomorrow. Stocks are all down globally. Bonds are mostly in green.
https://finviz.com/futures.ashx
Yup Sven, it's gonna be ugly tomorrow.....for starters
"Tariff President's Markets Open."
As stated on air a while ago by one notable journalist (paraphrasing):
"No president or even presidential candidate in US history other than the buffoon was ever stoopid enough to claim he wanted to be known as the 'Tariff President'."
Sadly, a mere two weeks into the mayhem, he's accomplished that goal!
More broadly, the previously successful strategy of "buying the dip" is going to be very difficult under his regime, as investors will never know when the next buffoon-induced market DROP will occur.
UBS Wealth does however this AM provide these thoughts:
UBS Wealth reiterated its 6,600 target for S&P 500. 'Tariffs unlikely to be sustained.'
Many observers don't think the tariffs will last very long.
"Tariffs on Canada and Mexico are unlikely to be sustained, U.S. economic growth should represent a tailwind for stocks, and we continue to believe that AI presents a powerful structural tailwind for earnings and equity markets," said Mark Haefele, global wealth management chief investment officer at UBS.
He pointed to several off ramps: for one, industry groups will file court challenges as well as lobby for their removal. The tariffs also could be a tactic to reaccelerate a renegotiation of the U.S.-Mexico-Canada Agreement that Trump negotiated in his first term. The tariffs also could lead to concessions from Mexico and Canada.
There's also the brief period before the tariffs go into effect, on Tuesday, for negotiation, as well as the several weeks that will be needed for the U.S. Customs and Border Protection to actually implement them, judging by the 2018 and 2019 experience, he said.
Hey watch that! It took only two weeks to raise tariffs to close the US borders. (One can either laugh or cry or both about this absurdity.)
Huh. I did not expect the US markets to react this way. We remain in bizarroworld.
"Monday, Monday, can't trust that day!"
Story
”Who’s on first. I Dunno’s on second.”
And no way he wants people thinking about the price of avocados and beer during the Stupor Bowl.
And um, no, not cancelled.
Paused (per your linked article) and delayed (until March 1) are the two most commonly used words to describe (the insanity).
Now the illegal migrants and drugs can pass under the protection of 10,000 soldiers. Any agreement that does not tie to verifiable numbers is just another Houdini’s act.