rump's tariffs execution chaos / China fighting / UST yield curve : MUCH steeper, 10's 4.45% / Basis swap...

Tariffs 'strategy' ...backfiring on Trump >>> MUCH steeper UST curve, UST 10y is not up 60bp in 3days!! this is absolutely massive, maybe China selling, whatever the reason(s), talked about last few days/weeks, the world is losing faith in the US administration, fire Trump! That Bessent/Miran plan isn't really working! make is make sense! The Senate needs to stand up and put the breaks on Trump & CO, becoming isolated.. Grundlach gets it - see short video below
USD : Once the long-end goes, the currency might follow, a little like in EMG market !
Equity markets not down much in China actually, FED might get involved today, or the Senate might finally wake up and stop Trump in his crazy tracks
This is what you call a nightmare situation: Treasury yields are now up +10% since April 3rd while the S&P 500 is down -10%. The 10-year note yield is currently up 55 basis points in 48 HOURS. In other words, we now have HIGHER rates with stocks pricing-in a recession. Something broke this week #duration #extreme divergence between SPX and long-end UST's
China calls Trump tariffs 'economic bullying'; warns tactics will 'backfire'
From mayhem in the markets to chaos in global security, his is what 2.5 months of Trump the sequel have created so far/ C4news, hard to disagree
#TSLA is Musk’s foundation. Every empire he built—SpaceX, Neuralink, Starlink, X—leans on the cash flow, market hype, and illusion of growth from Tesla. If Tesla goes, it all goes/thread below
Trump’s golden age: Microsoft has cancelled plans to build 3 new data centers worth $1 billion in Ohio, wakey wakey Trump
China & Brazil Officially Announce to Trade in Local Currencies China and India are speeding up payments in their local currencies too
Video below : Prof. Jeffrey Sachs : War and Tariffs >>> well worth a listen, 25mins
#MSTR : Michael Saylor has $6 billion in Q1 unrealized losses. That’s not a typo.
Strategy just disclosed its biggest quarterly loss ever — and it’s not just a bad bet!!
EU trying to replace Musk’s Starlink in Ukraine – Politico The tech tycoon has previously threatened to shut down the communications system that Kiev’s forces depend on