#GDX 12y highs / Quant Funds down / Transatlantic alliance over / EURO TWI ATH's, ECB cut / RMB no deval
- Stéphan
- 21 hours ago
- 4 min read
“The transatlantic alliance is over,” said an EU official. The EU has begun treating the US as a security threat. No intelligence sharing. European staff also issued burner phones to avoid espionage
Markets : Let's face it, the bond market last week, achieved what diplomacy couldn't...(Pull back on tariffs..)....Further dealings now ongoing, last night : Trump signalled further tariff relief for US carmakers, he will 'do tariffs on imported pharmaceuticals' and apparently... the EU is reversing its stance and is now open to negotiating a new trade deal with the United States, per POTUS, yet, U.S. announces probe into chip, electronics imports, paving the way for new tariffs >>> VIX back on more 'normal' levels around 30 (markets can live with this), UST yields eased, USD on defensive, equity markets in a new range SPX 5000-100 to 5500-600 range consolidation wouldn't go a miss while we work out all those agreements in principle then trade deals, as per Bessent last night. USD overall remains soft(er), hard to tell why this would change, same for GOLD highs, Silver, XPT, PALL etc
GS looking for ZERO U.S growth in 2025
#EURO TWI on all time highs >> ECB has an excuse to be dovish and cut if she wants to #EURIBORS particularly with energy prices down
Quant funds struggling in 2025, NO surprise - Quant can't deal with chaos, you can't code chaos or economic wars, let alone on/off, or for however long it maybe on
Tariffs war halts US beef exports to China as Australia fills the gap
“Look, I’m a very flexible person, I don’t change my mind, but I’m flexible,” Trump told reporters las night ...
Very clear—and telling—signals from PBOC-affiliated state media financial times on where China's monetary policy is heading in response to the trade war: “China must accelerate its strategic pivot toward ‘a domestic-led dual-circulation model—NOT resort to RMB depreciation or export subsidies/rebates.”, confirmation, no RMD deval
"Since 1990 America has lost over 5mn manufacturing jobs. In that time, it has gained 11.8mn roles in professional and business services, and 3.3mn in transportation and logistical activities, linked to multinational supply chains."-FT
A group of small businesses sued President Donald Trump, seeking to block new tariffs that he has imposed on foreign imports in recent weeks
EU Commission: "AI Gigafactories" to strengthen Europe as a business location
Jim O'Neill considers what other economies can do to offset the effects of the Trump administration's trade warfare
Janet Yellen: Bringing back American manufacturing is a “pipe dream.”
Harvard says it won’t accept a deal with the White House after admin threatened to cut off $9B in federal funding
Donald Trump’s aggressive trade agenda has had a chilling effect on investors’ willingness to back riskier deals, with just $13bn in high-yield bonds and loans issued so far this month
JPMorgan CEO Dimon files to sell 133,639 shares of JPM, his last major sale was $233.7 million on February 20th
No surprise there
NO surprise - Quant can't deal with chaos, you can't code chaos or economic wars, let alone on/off, or for however long it maybe on
Treasury Secretary Scott Bessent is prioritizing new trade deals with the U.K., Australia, South Korea, India, and Japan after Trump’s latest tariffs, sources say. Bessent, now a key trade adviser, has already reached out to officials from these countries. Earlier, NEC Director Kevin Hassett said over 10 countries have made "amazing" trade offers following the tariffs. The Treasury declined to comment
$52bn endowment, they can afford it ?
“The transatlantic alliance is over,” said an EU official.The European Commission is issuing burner phones and basic laptops to some US-bound staff to avoid the risk of espionage, a measure traditionally reserved for trips to China
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