Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
He's also reducing the crazy surcharge on shipping on Chinese-built vessels...
(Free link)
https://www.wsj.com/business/logistics/trump-administration-revises-port-fee-plan-to-soften-blow-to-u-s-exports-603aa923?st=VJdTZC&reflink=desktopwebsh…
No tariff on Russia. That point has been made. I do believe Ireland is missing from the list, too. Curious. At any rate, the method for computing each nation's tariff charged by the USA is... um.... f***ed.
I believe it's called 'alternative math' …
Two questions:
In what fraction of a Scaramucci did FOTUS cave to the bond markets this week?
Did anyone else notice that both Liz Truss & the head of lettuce lasted longer than he did vs the bond markets? But then again, a sliced avocado wou…
April 9, 2025 at 10pm EST
2, 5, 10 and 30 year Treasury issues are indicating decently lower yields (price appreciation) and hopefully maintaining and improving going into Thursday trading.
It's all part of his super-jenius Plan, remember.
WaPo on the switcharoo...words just fail me here....
By late Wednesday afternoon, Trump was saying he had been thinking about switching course “over the last few days.”
The final decision, he said, “probably came together early this morning, fairl…
I doubt if Trump took in his proposed country by country tariff rates very seriously. He probably doesn't even understand it's squiggle filled formula. But, he is convinced he is the world's best negotiator. And, it appears he has now given himse…
Bought just several more of ET at the day's low, before everything popped on the suspended tariff news. Sometimes ya get lucky.
Same. Like 10m before the news broke ... I did a double-take when I saw that. My luck tends to go the other way when I …
Charlie Gasparino says "What happened in the bond market overnight, the spike in yields on the 30-year and the 10-year bond, which showed that people were dumping our bonds," he noted. "And from what I understand, this is what forced the hand of thi…
BBG: Goldman Sachs economists rescinded their forecast for a US recession after the 90-day pause on most of his previously-announced tariffs. Again, you should always do the opposite of what they recommend!
“Earlier today, before President Trump…
Around 830 ET this morning he tweeted out a plea to BUY.
Around 4 hours later, he announces the 90-day pause and indices shoot-the-moon.
In Trumplandia, market manipulation isn't a crime, it's just standard business practice.
WTF? Did Trump resign?
As of 1330 ET...
Dow is up 2250 6%
SPX up 332 6%
NQ up 1400 8%
Edit: CNBC -- Trump raises China tariffs to 125% but announces 90-day pause for others
Now watch Donnie bleat about how the Dow "rose the most ever in a s…
BOOM.
Markets reversed this morning's relief rally and are now flirting with red wth 90m to the close.
I expect tomorrow to be quite red as the latest China tariffs from the Toddler go into effect and they respond.
FWIW saying my levered SPX short ETF and option position did their job - for once I was right on time with my analysis and timing of hedges. Of course, it was nowhere enough to offset the damage everywhere, but at least there was big green showing …
Rumors that the WH will enact an annual 'exporter tax credit/refund' that will offset tariff hits for American companies sent the futures up last night ... and that some countries are lining up to negotiate with Orangina.
I don't trust this bounce…
And he's now threatening China with 50% additional tariffs if they don't drop the 34%.
Well, at least he has a lot of personal experience with bankruptcies.
He runs the country the way he runs his business. Only problem is, bankruptcy doesn't go w…
So now Donnie is insulting people who are worried about their retirement accounts...
“The United States has a chance to do something that should have been done DECADES AGO. “Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN (A new party based on W…
I just saw a good interview on MSNBC -- The global investor said " the world is moving on and looking at how to do it without the US" This is going to cause long term problems for the US. FAFO at its finest.
As the Orange one said about Canadian…
Excellent points. Not that Donnie Dimwit, Puppet of Putin, First Felon of the USA, and cosplaying 'president' would be able to read it ... let alone understand it.
Great picking. Thanks, made my day. Love the words. One good trend pays for them all. Indeed! :)
Hah. I found that back during the GFC when I was an active futures trader. It was brilliant. :)
NO ONE is "forced" to deliver the Party Line of either Party. It's a matter of personal choice, for whatever reason.
Sure they are. If they don't, they're fired. They don't need to be 'forced' at gunpoint to spew the party line ... it's all part…
But it will take a much heavier force to dissuade the Orange Doink. Majority in the Congress will have grow spines.
Until GQP Congresscritters realize there are more people outside their primary-threatening MAGA base who want them to do something, t…
As the Monday markets start to crash in Asia, this is Donnie at 7:20PM ET this evening...
"““We have massive Financial Deficits with China, the European Union, and many others. The only way this problem can be cured is with TARIFFS, which are now b…
Bessent is an out-of-touch elitist idiot, saying people aren't checking their accounts daily and thus won't be worried about market volatility.... as in, "nothing to see here, *I* don't have to watch the markets every day sitting on my piles of cash…
BBG: "The futures open speaks to capitulation by investors as large S&P put strikes are sliced through like butter.
The 50% retracement on the physical is 4,819 and below that is the 200-week moving average at 4674 and looks like support eith…
Yep. And then he watches it burn.
"It's a beautiful fire, the likes the world has never seen before. Such a powerful fire, Nero couldn't even do this so quickly!"
- Overheard at the Mar-a-Lardo patio
What do you think David Giroux was buying Friday?
GARP stocks that went down to fire-sale prices, perhaps....?
Seeing how Asia opened just now, if it holds, I may start nibbling tomorrow.
Going DOWWWWWNNNNNNNNN
At the Asia open...
SPX -3.6%
NDQ - 4.9%
Dow - 3;19%
Bitcoin -6.8%
Crude -2.7%
Scratch that, the indices are down over 5% now.
Expect more unhinged rah-rah 'EVERYTHING IS FINE!' tweeting from the Super Business Jenius thi…
Maaaaaan, under any other circumstance I would be buying hand-over-fist right now.
But today? I'm happy to just watch and let the bloodbath wash over me, somewhat comforted by knowing I have cash to deploy mightily when ready.
Just saw a good quote from (gasp!) Cramer...
"if you bottom-fished Thursday and if you bottom-fished Friday in 1987, you slept with the fishes on Monday..... I can’t think of a single reason in the world to buy a stock [today]."
It's tempting as …
Powell speaks. Pretty much says, "I ain't your boy!"
https://www.cnbc.com/2025/04/04/powell-sees-tariffs-raising-inflation-and-says-fed-will-wait-before-further-rate-moves.html
And the predictable response from Tariff Toddler...
This would be a …
Tariff Baby says his 2-day-old tariffs are responsible for the uptick in jobs reported today --- which is based on data from LAST month, pre-tariff. (WTF?????)
He also came out with a bunch of tweets about how "THE OPERATION IS A SUCCESS!" and oth…
Regarding dip-buying ...
Earnings season is coming up, so companies are going to be forced to address tariffs on their calls and they will probably project uncertainty. We will likely see selloffs even for earnings beats.
While today is looking …
