The cage match between Trump and Powell [Video]
|A few pieces of good news helped calm investors’ nerves before the Easter break. First, Donald Trump said yesterday that the US and Japan made ‘big progress’ in trade negotiations. He also said that there could be a deal with the EU, even though I’m reading that the EU is preparing export restrictions toward the US, provided that the first round of talks didn’t result in anything other than frustration for the Europeans. The Chinese are open to talk if Trump and team respect them, so that’s not an easy win. But overall, things haven’t gotten worse over the past 24 hours—with the old friends, nor with China. But they don’t look good with Jerome Powell and that is no good news for the markets!
Anyway, Netflix posted better-than-expected earnings yesterday after the bell. The markets are closed for Easter holiday. Next week will be a new week!
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