Trump throws Spanners and Monkey Wrenches into the works with abandon, stock market plays along
Are we having fun yet?
Tariff on, tariff off. Wax on, wax off.
Trump says he does not watch the stock market. I think he’s got rabbit ears about the stock market, the uproar over the DOGE Doggie, the mini rebellion at Republican Town Halls, and so on. And it is reflected in his knee-jerk social media output and official White House output.
Listen Mr. President, if you’re doing the right thing and you have full belief in that, then stick to a plan. But wait, Donald Trump is the Art Of The Deal guy, after all, so maybe it is all negotiation.
Whatever it is, it’s creating a lot of unnecessary noise.
Stock futures jumped early Monday on reports President Donald Trump was planning on holding back some of the tariffs initially planned for April 2, raising hopes the U.S. won’t plunge the globe into an all-out trade war
If this is truly the motive, reciprocity in trade duties, then stick to your guns!
However, investors remain jittery as Trump’s April 2 start date for reciprocal tariffs approaches. Trump has said the tariffs are aimed at any country that imposes duties on U.S. imports.
This guy pretty much echos my thoughts from a sentiment perspective. Sentiment is a condition that is ripe for a rally. It is not a good timer though. Oh, and stocks have already bounced (per our projections). The decision point is now about whether a bounce can morph to something more.
“Equities feel ripe for a bounce,” Bank of America’s trading desk said in a Sunday note. “Positioning hurdles have been cleared, sentiment has reset, flows are turning tailwinds and growth concerns are well flagged.”
While technically still in a short-term bear flag formation, the S&P 500 is looking for an excuse to rally and Dear Leader has just given it one (again). But news items tend to be fleeting and with Trump’s on again, off again signaling, one day’s activity doesn’t mean all that much.
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