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Trump's chaos strategy still on / USDollar stays weak, Eq vol remains high / UKR ceasefire ? / U.S CPI next

  • Writer: Stéphan
    Stéphan
  • Mar 12
  • 4 min read


  • Markets : UKR accepted 30day ceasefire (down to Russia now), Trump flip-flopping on tariffs, on, off, back on, reduced, higher (confusing?..yeps) >>> FACT : crude prices down, UST yields down, 'truflation at 4year lows, USDollar down and credit spreads stable, pretty good mix for large US corps (most still have a strong usd in their earnings guidance..)

  • So we've had, MAGA to MEGA, MAGA to China and also MAG7 to LAG7/ Thread, the chaos strategy still 'on' by the sound of things, overall USDollar downside not over! and elevated/rising equity volatility remains (can work both ways, can also snap back!), and in all this chaos, the only asset still steady, strong, going up is GOLD (soon to be followed by Silver and XPT)

  • Donald Trump doing a Tesla infomercial for Elon Musk—his biggest political donor—in front of the White House...strange times

  • Steve Liesman, CNBC’s senior economics reporter: "I am going to say this at the risk of losing my job, but what President Trump is doing is insane… Now he’s saying he’s putting 50 per cent tariffs on Canada unless they agree to become the 51st state. That is insane.”...finally somone at CNBC dared saying it as is.. (perhaps why Trump walked CAD stuff back late in the day? - who knows)

  • EU Targets €26 Billion of US Products in Tariff Retaliation, US Politics & Policy - ‘We have to rebuild our country’: Donald Trump pursues economic shock therapy - the US president’s officials are standing by their strategy to remake the world’s largest economy, White House downplays tanking market as ‘snapshot in time’ – while Trump insists pain may be necessary to ‘rebuild our country’

  • Canada moves to sell U.S. Treasury bonds in tariff retaliation, size undisclosed. Canada currently holds $328 billion in U.S. bonds #TLT

  • Bloomberg nails it: Putin’s demands are deliberately too extreme for a peace deal. But Trump still thinks Putin wants peace. Putin wants no NATO for Ukraine, recognize territory as Russian, captured and some not, reduce Ukraine military

  • "Tariffs are a tax cut for the American people" - White House ....see below

  • Citi cuts U.S. stocks, upgrades China, not a headline many would have expected... #U.S exceptionalism is over (at leas on pause..)

  • Basel III Countdown: The Gold Crisis Banks Can’t Hide

  • A Bear Market may have already started cautions Ed Yardeni, one of Wall Street's most optimistic bulls

 

Really..



U.S exceptionalism over/on pause


He who was always bullish near top, in fact all the same, from Ron Baron (TSLA), to Tom Lee and Dan Ives of course...always bullish on higher momentum, now all 'struggled' a bit on CNBC yesterday (Valuations do matter eventually!!! they always do) The market is at risk of going lower from here, Wharton's Jeremy Siegel says










 
 
 

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