Tariffs...what to make of them.

Meanwhile, while testifying:

US Trade Representative Jamieson Greer said he wasn’t aware of President Donald Trump’s 90-day tariff pause until after it was announced.

Trump’s announcement in a post on his Truth Social platform came as Greer was testifying before the House Ways and Means Committee on Trump’s aggressive trade agenda.

Throughout the hearing he said the overall US trade is an “emergency” that warrants the massive tariffs the president announced last week, yet Trump himself pressed pause.

Asked by Democratic Rep. Steven Horsford of Nevada if he was clued in on Trump’s latest move, Greer said he was “a few minutes ago.”

“It looks like your boss just pulled out the rug from under you and paused the tariffs,” Horsford said.
 
Of course, in 90 days when he threatens to not back down again - another huge sell-off.

Or maybe not...

When there is chaos, his base is happy.
 
Dave Taylor said:
Honestly, though I don’t think the next big move-in markets will be made until earnings numbers come out.
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10% (ish) up days normally happen as countertrend rallies in down trends, not at bottoms. Even w/ today's announcement, how many companies are legit going to have positive forward visibility on their calls? There is still so much uncertainty they're gonna have to be conservative, no? Which will disappoint on guidance, bringing prices down?

That, and there is still too much dip buying and not enough put buying to feel like a bottom.

Now that I said that, sure, why not market, make a fool of me and go to new highs (I'm doubtful of that of course). Nothing changes in how I allocate my money, still following my methods.
 
I wonder what retaliatory tariff's EU had planned during the vote today and what happens after 90 days. If neither side is willing to walk back and use clear heads to come to some agreement I feel we are headed towards mutual destruction.
 
rjr44 said:
10% (ish) up days normally happen as countertrend rallies in down trends, not at bottoms. Even w/ today's announcement, how many companies are legit going to have positive forward visibility on their calls? There is still so much uncertainty they're gonna have to be conservative, no? Which will disappoint on guidance, bringing prices down?

That, and there is still too much dip buying and not enough put buying to feel like a bottom.

Now that I said that, sure, why not market, make a fool of me and go to new highs (I'm doubtful of that of course). Nothing changes in how I allocate my money, still following my methods.
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Ah, I don't know. This looks pretty v shaped to me. If china cooperates and drops tariffs that can send us back to ATH very fast.
 
UtahJoe said:
I think Trumps morons looked at the Treasury market today, shit themselves, then backed down.
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If you go back to the secretary of the treasury interview a few weeks back that was his plan. To send the economy into a recession to bring rates down. I’m still not sure what’s working or not and that guy is definitely a crazy son of a bitch. I’ll be happy if the economy and markets are better after four years but if that’s not market manipulation, then I don’t know what is.
 
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John the Plumber said:
On trans athletes a man after puberty should not play in women's sports. For 1 reason I will use the penn swimmer was about the 200th best man's swimmer and totally crushed ever women collegiate swimmer. Now what the Olympics and UCI does if a man reaches puberty they are NOT allowed to compete in women's sports. Now back to your statement you are absolutely right it was user as a wedge issue. But the political class have to legislate. The far left would think this would be some sort of discrimination, it's not for a job these women have been training all their lives for a scholarship or a chance to be PRO.
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Dave Taylor said:
If you go back to the secretary of the treasury interview a few weeks back that was his plan. To send the economy into a recession to bring rates down. I’m still not sure what’s working or not and that guy is definitely a crazy son of a bitch. I’ll be happy if the economy and markets are better after four years but if that’s not market manipulation, then I don’t know what is.
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So I think this sums it up well... Trump said it himself in his press conference this afternoon... And it was repeated on even fox news


He and his morons with their on off switch tariffs managed to totally freak out the bond market... And that is really bad when you have as much debt as we do.
 
SmooveP said:
Is it a coincidence that the 90 day pause exactly matches the rumor from earlier in the week and also what Bill Ackman requested?
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The pause is for his big, beautiful bill that that some GOP weren't going to vote for, so with this 90 day pause. They will be passing the largest tax cuts for the wealthiest people and corporations. This big, beautiful bill will add $7 trillion to the deficits.
 
I am far from a Trump fan but part of me feels like we just went from owing China lots of money to them paying us $500-750 billion a year...
 
John the Plumber said:
I asked this question yesterday Japan has $1 trillion in treasury securities and China has $760 billion in Us Treasury Bonds. What happens if they dump them to our economy ?
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CNBC answered this question that Japan was selling off bonds last night. The bond market was taking a shit. Someone must have got through to trump and explained to him about the bond market, to make him hit the pause button but I think he hit the PANIC BUTTON.
 
John the Plumber said:
CNBC answered this question that Japan was selling off bonds last night. The bond market was taking a shit. Someone must have got through to trump and explained to him about the bond market, to make him hit the pause button but I think he hit the PANIC BUTTON.
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Basically they sold all their bonds as yields were dropping, Trump opened his mouth and yields rose right back up. China got trapped.
 
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