April 10, 2025Apr 10 Author 24 minutes ago, Bill said: Tbh I entertained this thought for about five seconds. I think it’s just that he’s stupid. Those aren’t mutually exclusive
April 10, 2025Apr 10 2 minutes ago, vikas83 said: So, it was the markets, calls from CEOs, Jamie Dimon and Scott Bessent that got him to change course. I really wasn't sure he could be talked down from Navarro's stupidity. https://www.wsj.com/politics/policy/why-trump-blinked-on-tariffs-b588aea8?mod=WSJ_home_supertoppermiddle_pos_3 awaiting the victory lap by the cucks.
April 10, 2025Apr 10 3 minutes ago, Paul852 said: Sweet! The DOW is going to get to cross 40000 again! back to where we were !!!!!
April 10, 2025Apr 10 Few takeaways from the last few days that are making the rounds on the street: 1. Yesterday was mainly a bear/short covering rally. The UBS short basket was +13.3% yesterday, and GS' short basket was 12.5%. The most heavily shorted names spiked like crazy, along with tech names. However, despite a large drop, the VIX stayed above 30 (closed 33.62). It was sub 22 before all this started. So concern remains high in the market, especially given the 125% on China and 10% across the board -- this still likely accelerates inflation and puts Fed on pause. No one is overly shocked we are giving some of the rally back. 2. While there is great relief that Bessent seems to now be in control, there is concern that Lutnick (now openly being called Howard Lunatic) is still out there as a spokesman. Most people want to see Navarro and Lutnick take the fall (to be fair, Howard is pretty hated by everyone on the street and is a very bad guy). If anyone sees Navarro on TV again, the market will go lower. The view is that Bessent/Dimon won out and finally got Navarro put in the corner where he belongs. 3. This one is funny -- people are concerned about the haphazard decision making at the White House, which begs the question if they were all asleep the last 9 years. The realization that there was no plan here, that the rates were based on ridiculous math, and that it took Jamie Dimon going on Fox Business to avert a global economic meltdown...that's not great. People want to hear from Bessent on this going forward, and only Bessent. They need to be convinced an adult is in the room. 4. It's still unclear what the overall damage will be -- right now most CEOs are pausing/canceling capital expenditure plans and looking to cut costs (layoffs). Nobody wants to invest real capital with the overhang of what happens in 90 days. The whole economy is basically on hold for now.
April 10, 2025Apr 10 Just now, vikas83 said: Few takeaways from the last few days that are making the rounds on the street: 1. Yesterday was mainly a bear/short covering rally. The UBS short basket was +13.3% yesterday, and GS' short basket was 12.5%. The most heavily shorted names spiked like crazy, along with tech names. However, despite a large drop, the VIX stayed above 30 (closed 33.62). It was sub 22 before all this started. So concern remains high in the market, especially given the 125% on China and 10% across the board -- this still likely accelerates inflation and puts Fed on pause. No one is overly shocked we are giving some of the rally back. 2. While there is great relief that Bessent seems to now be in control, there is concern that Lutnick (now openly being called Howard Lunatic) is still out there as a spokesman. Most people want to see Navarro and Lutnick take the fall (to be fair, Howard is pretty hated by everyone on the street and is a very bad guy). If anyone sees Navarro on TV again, the market will go lower. The view is that Bessent/Dimon won out and finally got Navarro put in the corner where he belongs. 3. This one is funny -- people are concerned about the haphazard decision making at the White House, which begs the question if they were all asleep the last 9 years. The realization that there was no plan here, that the rates were based on ridiculous math, and that it took Jamie Dimon going on Fox Business to avert a global economic meltdown...that's not great. People want to hear from Bessent on this going forward, and only Bessent. They need to be convinced an adult is in the room. 4. It's still unclear what the overall damage will be -- right now most CEOs are pausing/canceling capital expenditure plans and looking to cut costs (layoffs). Nobody wants to invest real capital with the overhang of what happens in 90 days. The whole economy is basically on hold for now. Whatever you say Panican Skywalker
April 10, 2025Apr 10 1 minute ago, vikas83 said: Few takeaways from the last few days that are making the rounds on the street: 1. Yesterday was mainly a bear/short covering rally. The UBS short basket was +13.3% yesterday, and GS' short basket was 12.5%. The most heavily shorted names spiked like crazy, along with tech names. However, despite a large drop, the VIX stayed above 30 (closed 33.62). It was sub 22 before all this started. So concern remains high in the market, especially given the 125% on China and 10% across the board -- this still likely accelerates inflation and puts Fed on pause. No one is overly shocked we are giving some of the rally back. 2. While there is great relief that Bessent seems to now be in control, there is concern that Lutnick (now openly being called Howard Lunatic) is still out there as a spokesman. Most people want to see Navarro and Lutnick take the fall (to be fair, Howard is pretty hated by everyone on the street and is a very bad guy). If anyone sees Navarro on TV again, the market will go lower. The view is that Bessent/Dimon won out and finally got Navarro put in the corner where he belongs. 3. This one is funny -- people are concerned about the haphazard decision making at the White House, which begs the question if they were all asleep the last 9 years. The realization that there was no plan here, that the rates were based on ridiculous math, and that it took Jamie Dimon going on Fox Business to avert a global economic meltdown...that's not great. People want to hear from Bessent on this going forward, and only Bessent. They need to be convinced an adult is in the room. 4. It's still unclear what the overall damage will be -- right now most CEOs are pausing/canceling capital expenditure plans and looking to cut costs (layoffs). Nobody wants to invest real capital with the overhang of what happens in 90 days. The whole economy is basically on hold for now. But have you heard that we have 75 countries at the table now (76 if you include China)?
April 10, 2025Apr 10 20 minutes ago, paco said: Whatever you say Panican Skywalker Might be my favorite one since @mayanh8 called Kz "Poordon Gekko" yesterday.
April 10, 2025Apr 10 2 minutes ago, DEagle7 said: Might be my favorite one since @mayanh8 called Kz "Poordon Gekko" yesterday. I missed that one
April 10, 2025Apr 10 3 minutes ago, vikas83 said: Pretty well sums up the last week, and the whole Presidency. Do you think the damage control was too late this time?
April 10, 2025Apr 10 The SOB has 90 days to come up with a strategy. Until then uncertainly looms. Can't say I'm real confident anything of great significance will be achieved.
April 10, 2025Apr 10 2 hours ago, Dave Moss said: I have a trade deficit with Starbucks It's honestly stunning that grown adults pretend to misunderstand the topic to this degree. "World trade is good, it's like when you go to your local grocery store" has to be one of the dumbest takes on the subject imaginable. So we're supposed to be OK with countries slapping huge tariffs on American imports thereby boxing out American businesses from their economies completely, while we have "free trade" allowing foreign businesses access to the American market where they can again compete with those American businesses they just boxed out (not to mention all the other advantages foreign businesses have with lax labor laws and regulatory environments that allow those businesses to produce things much cheaper). Why gee, that sounds a lot like just heading to your local grocery store to buy produce but failing to sell them anything in return hurr durr! *NPCs laugh and applaud*
April 10, 2025Apr 10 5 minutes ago, Kz! said: It's honestly stunning that grown adults pretend to misunderstand the topic to this degree. "World trade is good, it's like when you go to your local grocery store" has to be one of the dumbest takes on the subject imaginable. So we're supposed to be OK with countries slapping huge tariffs on American imports thereby boxing out American businesses from their economies completely, while we have "free trade" allowing foreign businesses access to the American market where they can again compete with those American businesses they just boxed out (not to mention all the other advantages foreign businesses have with lax labor laws and regulatory environments that allow those businesses to produce things much cheaper). Why gee, that sounds a lot like just heading to your local grocery store to buy produce but failing to sell them anything in return hurr durr! *NPCs laugh and applaud* The problem with this nonsense post, is it ignores the fact that Trump himself negotiated the trade deals with Canada and Mexico. iirc he referred to it as "The best trade deal ever!"
April 10, 2025Apr 10 4 minutes ago, Kz! said: It's honestly stunning that grown adults pretend to misunderstand the topic to this degree. "World trade is good, it's like when you go to your local grocery store" has to be one of the dumbest takes on the subject imaginable. So we're supposed to be OK with countries slapping huge tariffs on American imports thereby boxing out American businesses from their economies completely, while we have "free trade" allowing foreign businesses access to the American market where they can again compete with those American businesses they just boxed out (not to mention all the other advantages foreign businesses have with lax labor laws and regulatory environments that allow those businesses to produce things much cheaper). Why gee, that sounds a lot like just heading to your local grocery store to buy produce but failing to sell them anything in return hurr durr! *NPCs laugh and applaud* I didn’t realize it was possible, but you sound even dumber when you seriously try to explain your position. Be a beta beetch like DHF, and just admit you are clueless and believe whatever the orange master tells you.
April 10, 2025Apr 10 1 minute ago, Gannan said: The problem with this nonsense post, is it ignores the fact that Trump himself negotiated the trade deals with Canada and Mexico. iirc he referred to it as "The best trade deal ever!" That's the only problem you identified with that stupid a** post?
April 10, 2025Apr 10 1 minute ago, Gannan said: The problem with this nonsense post, You had me here.
April 10, 2025Apr 10 Just now, Paul852 said: That's the only problem you identified with that stupid a** post? Taking in KZ's stupidity is like drinking from a firehose or eating an elephant, got to go for one bite at a time.
April 10, 2025Apr 10 7 minutes ago, Kz! said: It's honestly stunning that grown adults pretend to misunderstand the topic to this degree. "World trade is good, it's like when you go to your local grocery store" has to be one of the dumbest takes on the subject imaginable. So we're supposed to be OK with countries slapping huge tariffs on American imports thereby boxing out American businesses from their economies completely, while we have "free trade" allowing foreign businesses access to the American market where they can again compete with those American businesses they just boxed out (not to mention all the other advantages foreign businesses have with lax labor laws and regulatory environments that allow those businesses to produce things much cheaper). Why gee, that sounds a lot like just heading to your local grocery store to buy produce but failing to sell them anything in return hurr durr! *NPCs laugh and applaud* Tariffs aren’t going to make Americans want to work **** manufacturing jobs. They’re just going to tank the economy as we just got to see firsthand.
April 10, 2025Apr 10 1 minute ago, Dave Moss said: Tariffs aren’t going to make Americans want to work **** manufacturing jobs. They’re just going to tank the economy as we just got to see firsthand. Then there's the fact that Americans will not want to (and in many cases be able to) afford the products manufactured in the US. Lord knows businesses won't suddenly increase wages to account for that. There's just so much shortsightedness it's not even worth trying to explain.
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