EU to re-arm, up to 800bn / Trade war on / Crude⬇️/ Bessent: clear message on USTs, USD, crude and GOLD
- Stéphan
- Mar 4
- 3 min read
EU's Von Der Leyen: re-arm Europe could mobilize close to €800b
U.S trade policy uncertainty OFF the charts - literally >> so 25% to Canada (who retaliates with tarioffs on $107bn of US products + cut power to 1.2mio US homes) and Mexico starting today, doubles tariffs to China to 20% (who retaliates on soft commodity products)+ a bigly announcement today
USD, big picture, most overvalued in a very long time, Trump's action, clearly, as stated many times, what they want is to drag USD LOWER, together with UST yields lower and OIL lower... thus equity markets at risk of a bigger than 5% correction!... watch Mag7 type stuff, uninged, clearly struggling - owned positions... and it's bullish GOLD, Trump and Bessent's favourite asset...), and watch out for 'unintended consequences' in this faster moving markets...
Opec+ response : OPEC+ decides to hike oil production for the first time in 2 years
As Scott Bessent said… The “real” US economy, the private sector, has been weak under the surface and barely growing for years. The headline economy has simply been sustained by unsustainable fiscal policy
Trump says Japan, China cannot keep reducing value of their currencies
Nvidia’s unofficial exports to China face scrutiny after arrest of silicon smugglers in Singapore, 'old' but gold story
Europe’s major powers consider seizing frozen Russian assets in ceasefire talks, FT reports
Otavio (Tavi) Costa on X: "This is arguably one of the most important charts that I have seen recently. The US dollar is currently at one of its most overvalued levels relative to other fiat currencies in over 120 years of data. Comparable extremes in 1933 and 1985 were ephemeral and preceded https://t.co/iayj0QqRYu" / X
Total joke yesterday, proper pump and dump to the tune of 250bn $'s worth of coins !
Daniel Goldman on X: "Surprise surprise: @ElonMusk hasn't found a cent of waste or fraud in the $13 billion his companies receive from the taxpayer. His company Starlink is now trying to swipe a $2.4bn FAA contract on top of that. Don’t be fooled by claims of “efficiency”: It’s pure corruption. https://t.co/U7eib7Oenf" / X
quelle surprise !
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