This market isn't afraid of tariff speak anymore

The market response to in the present day’s ‘reciprocal’ tariff announcement from the White Home revealed one in every of two issues:

1. Promote-the-fact (on the greenback) as this has been telegraphed for per week
2. It is a toothless menace geared toward getting negotiating leverage

I am biased in the direction of the second clarification for the value motion as we have frequently seen tariff threats pale by the market, and at an increasingly-rapid tempo. The dip in the present day within the euro lasted simply minutes.

As well as, there was barely even a hunch in US equities on these headlines after they began.

I really feel extra danger for the time being round Congress and the tough path to cross a tax minimize as I see that as principally (absolutely?) priced in.

This text was written by Adam Button at www.ubaidahsan.com.



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