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This morning's POLITICO Playbook was amusing reading ..... seems the WH continues to cave on trade. Not only is FOTUS changing his public tune again on China and the Fed chair, but they’re now trying to ink ‘Memorandums of Understanding’ with coun…
While my login problems seem to be addressed at the moment with Schwab (fingers crossed) I still have a zero-balance virgin Fido account still sitting there if I ever truly get disgusted w/Schwab again and decide to bail .... even though in some way…
Yup. My ETF with 20% exposure in Airbus should do nicely from this.
I'm at the point where if I can profit from FOTUS' idiocy I will, because his policies by themselves won't be doing us any good no matter how much Power of Positive Thinking he t…
Lining up to be the next Arthur F. Burnes are they?
Cutting rates during an inflationary spike due to tariffs would just be all kinds of brilliant.
Which means Donnie will try and name himself Fed Dictator and do just that, because he's such a sta…
He can't fire him. It's the usual empty Orange Hot Air.
Yes ... but he's trying to backdoor fire him by asking SCOTUS for the ability to fire "independent agency heads" -- you know he'll bend whatever ruling they give him until it breaks, so I woul…
Well as the great philosopher Jagger said, 'you can't always get what you want.'
And in my case, they won't, because I don't trust government appointed investment committees and stashed it all in one American Fund.
FT: “Given our state of ignorance and all we don’t know, [investing now] is like betting on the outcome of the Super Bowl when you don’t know which teams are playing or who any of their players are,” Howard Marks, the co-founder of Oaktree Capital…
Check to Check Business News - SNL
And Weekend Update was spot on with its opening line: "This week, President Trump tried to rescue the economy from the disastrous policies of whoever was president last week..."
Lutnick is saying that this electronics tariff exemption is just temporary.
May be Bessent, Lutnick & Navarro should be required to issue joint statements only.
https://abcnews.go.com/Politics/commerce-secretary-lutnick-tariff-exemptions-electr…
Rick: How can you close investigate me? On what grounds?
Captain Renault: I'm shocked, shocked to find that gambling insider trading is going on in here!
[a croupier broker hands Renault a pile of money]
Broker: Your winnings, sir.
Captain Rena…
But, do you start to DCA back in now, or wait until things got worse, which they probably will, but you never know
If things are on fire-sale prices, I would DCA. That's my plan as I continue to nibble on things new and/or to add to existing posit…
Right now? My first-round screening question is do people/companies *need* what the ticker sells regardless of politics or economic conditions? Or is it seriously exposed to consumer whims, tariffs, or other fickleness?
If the first one is 'yes'…
WaPo: "Under President Joe Biden, MAGA influencers framed every stock slide as a national crisis. Under President Donald Trump, however, they’re masterful chess moves or moments for building character."
(free link)
https://archive.ph/mbhKQ
Guardian:
The overall US tariff rate on Chinese imports has risen to 145%, a White House official has confirmed to CNBC.
The increase follows a new executive order from Donald Trump raising tariffs to 125%, up from 84%.
An additional 20% tariff, …
I *almost* trimmed some of my SPX short at the open (the options part expire next week) but for some reason I thought to myself "this isn't over yet." Looks like I was right.
He's also reducing the crazy surcharge on shipping on Chinese-built vessels...
(Free link)
https://www.wsj.com/business/logistics/trump-administration-revises-port-fee-plan-to-soften-blow-to-u-s-exports-603aa923?st=VJdTZC&reflink=desktopwebsh…
No tariff on Russia. That point has been made. I do believe Ireland is missing from the list, too. Curious. At any rate, the method for computing each nation's tariff charged by the USA is... um.... f***ed.
I believe it's called 'alternative math' …
Two questions:
In what fraction of a Scaramucci did FOTUS cave to the bond markets this week?
Did anyone else notice that both Liz Truss & the head of lettuce lasted longer than he did vs the bond markets? But then again, a sliced avocado wou…
April 9, 2025 at 10pm EST
2, 5, 10 and 30 year Treasury issues are indicating decently lower yields (price appreciation) and hopefully maintaining and improving going into Thursday trading.
It's all part of his super-jenius Plan, remember.
WaPo on the switcharoo...words just fail me here....
By late Wednesday afternoon, Trump was saying he had been thinking about switching course “over the last few days.”
The final decision, he said, “probably came together early this morning, fairl…
I doubt if Trump took in his proposed country by country tariff rates very seriously. He probably doesn't even understand it's squiggle filled formula. But, he is convinced he is the world's best negotiator. And, it appears he has now given himse…
Bought just several more of ET at the day's low, before everything popped on the suspended tariff news. Sometimes ya get lucky.
Same. Like 10m before the news broke ... I did a double-take when I saw that. My luck tends to go the other way when I …
Charlie Gasparino says "What happened in the bond market overnight, the spike in yields on the 30-year and the 10-year bond, which showed that people were dumping our bonds," he noted. "And from what I understand, this is what forced the hand of thi…
BBG: Goldman Sachs economists rescinded their forecast for a US recession after the 90-day pause on most of his previously-announced tariffs. Again, you should always do the opposite of what they recommend!
“Earlier today, before President Trump…
Around 830 ET this morning he tweeted out a plea to BUY.
Around 4 hours later, he announces the 90-day pause and indices shoot-the-moon.
In Trumplandia, market manipulation isn't a crime, it's just standard business practice.
WTF? Did Trump resign?
As of 1330 ET...
Dow is up 2250 6%
SPX up 332 6%
NQ up 1400 8%
Edit: CNBC -- Trump raises China tariffs to 125% but announces 90-day pause for others
Now watch Donnie bleat about how the Dow "rose the most ever in a s…
BOOM.
Markets reversed this morning's relief rally and are now flirting with red wth 90m to the close.
I expect tomorrow to be quite red as the latest China tariffs from the Toddler go into effect and they respond.
FWIW saying my levered SPX short ETF and option position did their job - for once I was right on time with my analysis and timing of hedges. Of course, it was nowhere enough to offset the damage everywhere, but at least there was big green showing …
