Tariff war and profit opportunities
|S&P 500 continued sliding following tariffs sinking in Thursday – I had been clear about both expecting Trump not to disappoint on the tariff front, and about retaliatory responses from abroad come. Today, we got 34% China response together with rare earth export restrictions, and also my expected beat in non-farm payrolls, which is what was the subject of today‘s intraday update for clients. No, tariffs don‘t mean automatically recession, I had been clear.
Here are the most relevant tweets and charts for today – you must start by reviewing today‘s packed 5 min video (boost the prepective by reviewing yesterday‘s one too).
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