EU to respond to US tariffs today / JPM : FED cut exps! / JPYcalls ? / SPX 45-4800 back to value / Crude $60!

Trump (2012): "I do better in bad markets, I buy things in bad markets'' >> Trump tariffs will push the EU to target the trade imbalances that favor the US (techs) lets hear from EU now
FED can cut now! (rent falling and crude sub $60!), circuit breakers in Asia (first time since March 2020), Trump is committing 'economic vandalism' and his Tech Bros kissing the ring on inauguration day are beginning to worry!, self inflicted recession in his hands, Trump losing confidence of business leaders, he calls tariffs 'medicine', big anti Trump rallies across America yesterday, he's also lost credibility with Wall Street, SPX500 (approx 4900) back to 18x earnings from peak 25x, so we are back to much better valuation long-term, Nvidia’s forward PE is about 20 now, etc etc banks absolutely taken to the woodshed (too much debt, risk recession etc) >> Barclays raises FTSE100 to overweight (should begin to hear more calls such as this one, valuations improved greatly etc)
The two biggest acts of economic self harm in modern history have been Brexit and Trump 2.0, Warren Buffett calls tariffs an “act of war”, Tech bull Dan Ives slashes PT for Tesla, Apple over Trump's 'tariff armageddon'
China's Commerce Ministry Holds Roundtable with 20 #US Companies incl Tesla, GE Healthcare; Reaffirms Commitment to Reforms, Opening-Up "China has been, is, and will continue to be an ideal, safe, and dynamic investment destination for foreign businesses." ..trolling Trump clearly
With Tesla sales plummeting, SpaceX losing deals left and right, and Trump abandoning him, Elon is now advocating for tariff-free trade (he must be off ketamine now!) and the free movement of the workforce between the US and the EU. He knows he bet on the wrong horse, and he is panicking..
Markets : be nimble, opportunities coming to you to add as market valuation come in, volatility will remain, a decent rally of 5% say on a 'delay' with tariffs is possible. SPX valuations came in to now attractive long-term levels! Europe back to low part of 2024 range (beware owned position as always in these type of markets), Asian Eq markets hit hard too, XAG actually rose 5pct from the initial sell-off down to 28.50. Overall USD view, sell rallies post risk-of USD margin demand, soft US recession or worse / US isolated / digital RMD-no SWIFT, GOLD to own, add on a decent dip, JPY looks far too cheap relative to NIKKEI and risk in general (options, 3mo, 20 detla JPYcalls the way)
WTI at $60 or lower, there is definitely no 'drill baby drill' action >>> China hasn't imported US LNG in 60 days, the longest streak since Trump's previous trade war Tariffs are forcing Chinese LNG buyers to resell contracted US shipments to other markets, like Europe (good for EU)
Big turnaround: JPMorgan now see Fed cuts at every meeting through January, bringing the top of the funds rate target range down to 3.0%. SIX consecutive cuts. Starting June
Hedge funds face biggest margin calls since 2020 amid tariff turmoil, FT reports, that is always the case with part of the leveraged community!
China wanting to accelerate stimulus measures to counter US tariffs. The measures are said to be focused on boosting consumption
China looking at devaluing the Yuan against the Dollar. Some strategist think they may be looking at a 15 to 30% devaluation in a very short time frame >>> RMB devaluation is the most potent retaliatory weapon Beijing has >> clearly would/will have a huge influence on overall USD view going forward, if it happened
Bill Ackman warns Trump to call a timeout on trade war: ‘This is not what we voted for’