4/9/2025
President Trump stunned market observers with another quick pivot on trade, announcing he would authorize a 90-day pause on his reciprocal tariff plans for all countries except China and telling reporters he did so because people were getting "yippy" and "afraid."
"They were getting a little bit yippy, a little bit afraid," he said, apparently referring to the market unrest that unfolded following his "Liberation Day" tariff announcement a week ago.
He did, however, keep the 10% baseline duties that went into effect last weekend for all countries, although that does not apply to Mexico or Canada, which still face a separate set of duties related to fentanyl. Separate industry-specific tariffs on steel, aluminum, autos remain unchanged.
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No doubt every aid and serious congress person said what the h are you doing, better calm this down, but it will not last
I was a day early suggesting we had an A B C correction now we do, yesterday's huge intra day smash down was a selling climax relieved by Tump's whoa better walk back all this about a steel spine, but this will not last, I will be buying SH PSQ HDGE tomorrow
Sh is filling the gaps formed on the way up time to buy short term
Everyone excited about the stock market needs to look at the bond market, remember bond prices bottomed time ago, in the last three days price has reversed down ten points in three days.
More tomorrow morning
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