Current Market Activity: ad infinitum Not sure we can count on any Congressional action.....
https://www.thefp.com/p/will-congress-stop-trump-tariffs"In reality, Trump has little to fear from his fellow Republicans—at least for the time being. Between certain quirks of legislative history and certain stubborn facts of public opinion, he is still well-positioned to dictate when—if ever—he starts serious tariff negotiations with trading partners.
The most radical option that lawmakers have is to revoke the national emergency Trump declared to provide legal justification for his tariffs. That could be done with a majority vote of both houses, per the
1976 National Emergencies Act. (A special provision of the law says such measures can’t be filibustered.)
However, in
1983, the Supreme Court—contrary to what the authors of the National Emergencies Act expected and intended—ruled that any such resolution would itself be subject to veto by the president. And it takes a two-thirds majority in both houses to override a veto.
Advantage: Trump. "
Current Market Activity: ad infinitum Right now futures say tomorrow is going to be another fun day. SP500 -1.9%
So Much for Flight to Safety
So Much for Flight to Safety
Tariffs @AndyJ,
Good NYT article.
Thanks for sharing!
It's for sure a hopeful sign that a crack's opening up between Dump and some of his plutocrat supporters.
4pm EDT Close- SPX: -1.57% / NASDAQ: -2.15% Not too bad. From +4% to -1.5% ( -5.5% off the high. Not too good either. )
U.S. Treasury issues retribution??? What if there is a new tool being considered by foreign holders
So Much for Flight to Safety At close: HYD -0.89%, JNK -0.41%, IEF -0.50%, TLT -1.89%, AGG -0.52%.
4pm EDT Close- SPX: -1.57% / NASDAQ: -2.15% Not too bad. Not too bad.
3:40pm EDT- SPX:-2.61% / NASDAQ: -3.20% (NTIP) No text in Post.
So Much for Flight to Safety And I see yields up and bonds down again this afternoon. As of 12:30pm Pacific: HYD -0.8%, JNK -0.4%, IEF -0.4%, TLT -1.6%, AGG -0.4%.
So Much for Flight to Safety Why doesn't he just go with a nuclear 1,000,000 % tariff and be done with it? That would show them who's who! Why screw around?
Hold on... gimme a minute... aren't his MAGA hats made in China? Maybe an exemption for those...
US to implement 104% tariff on China as Trump-imposed deadline passes Following is a very short current
report from The Guardian:
US to go ahead with imposition of 104% tariff on China from Wednesday after Beijing did not lift retaliatory tariffs
The United States will impose a 104% tariff on China from 12:01am ET (12:01pm China Standard Time) on Wednesday, a White House official said after Beijing did not lift its retaliatory tariffs on US goods by a noon Tuesday deadline set by Donald Trump.
This Time, It Really Is the Tariffs I haven't investigated JR's claim for buying on dips.
Perhaps you are referring to the following
MW article published on March 7, 2025?
Warren Pies of 3Fourteen Research calculated that the
“golden era of dip buying” occurred from the end of the 2008 financial crisis to the late 202
1 stock market peak.
Pies and his team developed a checklist with seven criteria to determine whether a dip is "buyable" or not.
"As of Thursday’s close, only three of the seven criteria had been met, Pies said.
Yields have fallen, offering some economic stability. The VIX has remained below 25.
And, most important, Pies and his team don’t expect a recession on the horizon."“'Clients who followed our guidance to reduce risk earlier in the year should look to add back exposure
over the next couple of months … but not quite yet,' Pies said in a report shared by MarketWatch."https://www.marketwatch.com/story/thinking-of-buying-the-stock-market-dip-heres-what-you-should-know-6e3e74c1
Tariffs
Hilarious!
The meeting (with Lutnick), however, did not achieve its desired result, as a tearful Vance emerged from it with black streaks staining his cheeks.
