Markets : USD 'turned' last week, slowly breaking up vs a few pairs (EURO, CHF, JPY etc), SPX500 regained its 200dma 5750 (just) >> IMHO, 'liberation day April 2.' as Trump calls it, is just the beginning of uncertainty for corporations, as tariffs can be put on, off, adjusted as we go along, it may not be catastrophic, but it'll remain uncertain on specific countries, and quite possibly mixed with geopolitics, defense and so on..The BIG and only question for markets is whether we get a Trump put or a Bessent put (Bessent put is harder tariffs, more DOGE action, lower USD yields and drill baby drill with lower crude prices), or Trump put..just pivoted a little lately (turned last last week..USD, SPX), with softer tariffs talks, DOGE also getting a lot of pushbacks, crude is lower but nothing consequential.. meanwhile though 10's UST yields are back to 4.35 area >>> IMHO the only miracle plan is with a softer USD and lower UST yields, which currently could only be achieved by a proper risk-off scenario, a proper 'detox', asset prices lower, on the back of at least a technical recession, and bounce again for mid-terms..perhaps..AND of course Trump has to deal with 'unintended consequences', since then the EU came together (debt brake, constitutional change), Canada under Carney fisty, China response (DeepSeek etc etc)
Donald Trump said auto tariffs would be announced soon and teased the possibility of countries getting breaks in the planned reciprocal system. The WH also unveiled a ‘secondary’ levy of 25% for countries purchasing gas from Venezuela (BBG), | The dollar index rose for the fourth straight session as traders bet on moderate April 2 tariffs
The Trump Administration Accidentally Texted Me Its War Plans. U.S. national-security leaders included me in a group chat about upcoming military strikes in Yemen. I didn’t think it could be real. Then the bombs started falling, by Jeffrey Goldberg, quite astonishing....
IRS officials are expecting tax revenue to drop by more than 10% by April 15, The Washington Post reported
U.S real estate market : largest foreign buyers are canadians, mexicans and chinese >>> if you don't even know the rules, or rules can change overnight, and your visa could be nil and void overnight, what are the chances you are going to buy ?.. check out Florida markets..
Fed’s Bostic said he now expects just one rate cut this year instead of two. He also told Bloomberg its unclear whether tariffs will be a one-time hit to prices
#BABA’s Tsai sees the beginning of a bubble in the buildout of AI data centres
5 years into the remote work boom, the return-to-office push is stronger than ever—here’s why
Worth a read vs this one below - your call
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