Loading ...is this a reflation trade? Oddly enough platinum and palladium are taking a hit with pm’s
I know Trump never intended to get 145% from China, he probably would have taken 20%. 30% on trinkets won’t make too big a difference, but I also think China will likely swallow the whole 30% on most everything to remain dominant in the US markets.
Trump played the media and the markets like violins. Remember everything was going to crash, inflation would rage, and the economy collapse?
I believe today the SM will be higher than it was when he first announced tariffs. The hedge funds and I hope Blackrock are all taking a bath on their short positions, they are knee deep in shorts while retail stayed long. Eff them.
Price of eggs here are down 50%. Price of gasoline here in my area down from $3.27 to $2.69
I think this will be a blip on the pm chart, I hope anyway. As you said earlier, 4.5% on the 10 year is the line in the sand, if we breach that, the SM could have problems.