Announce tariffs, the buddies buy. Announce pause, the buddies sell. Someone just made a truckload of money.
When you say "buddies" what you really mean is "banks", "hedge funds" and "people to whom it was obvious that announced tariffs were bonkers". If you had the foresight and market sense, you could have made money, too. But you were scared, sold low, and now when it came back up, you suddenly found yourself at a loss (or the so-called "unrealised profit") Don't blame the markets.
Trump temporarily drops tariffs to 10% for most countries
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Re: Trump temporarily drops tariffs to 10% for most countries
#182In 3 months, sell your positions, let him play his stupid games and re-buy once he backs down, because he will. Or just hold and ride it out.
10% sounds like where we’ll default to in the long-term because that was the ‘base rate’ for everybody anyway. He just wants to rattle his sabre, especially with China.
It’s quite pathetic, really, but weirdly I feel slightly more calm about the situation now that I realise he hasn’t got the bottle to follow through.
Re: Trump temporarily drops tariffs to 10% for most countries
#183The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. Edit: this was front and center in Financial Times, WSJ three hours ago. Now suddenly pushed back, exchange rally being front page news. People don’t understand how close to financial apocalypse we have been. Somebody in the WH scared the shit out of Trump.
Re: Trump temporarily drops tariffs to 10% for most countries
#184Earlier quoted context omitted.
It's almost like the whole point is just to enable insider trading on a scale we've never seen before.
Doesn't make much sense, if you're insider trading you profit more if you move one stock a lotlotlot vs all the stocks merely a lot.
Re: Trump temporarily drops tariffs to 10% for most countries
#185Re: Trump temporarily drops tariffs to 10% for most countries
#186Re: Trump temporarily drops tariffs to 10% for most countries
#187So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.
Think the hope and idea is there’s concrete agreements established before the 90 days are up
Separate, possibly unrelated question: what was trump’s goal when he created and rug pulled the Trump coin?
Re: Trump temporarily drops tariffs to 10% for most countries
#188The stock exchange and the tariffs are not the battleground. Asia started dropping US treasury bills. 30 year bills reached a max in decades Trump blinked. Edit: this was front and center in Financial Times, WSJ three hours ago. Now suddenly pushed back, exchange rally being front page news. People don’t understand how close to financial apocalypse we have been. Somebody in the WH scared the shit out of Trump.
Do you have a link or article title for reading about the dropping of tbills
Re: Trump temporarily drops tariffs to 10% for most countries
#189So we're all in for another ride like this in 3 months? How are businesses supposed to plan anything in this environment? As nice as this surge is, I'm more focused on upping my cash reserves and bracing myself for a recession.
There's definitely going to be another change before 3 months are up.