Tracking and studying Trump’s tariffs has all the hallmarks of tarot card reading. Flipping the cards, as appears the case in the White House, seems to only convene chaos, whatever equivalent face that may be in so-called seer’s nonsense. Fortunately, spooking your friends in a derelict building when growing up is easily dismissed, but tariffs are not.
Global equities and oil have re-taken vast swathes of the territory they lost in the sell-off triggered by Donald Trump's ill-fated tariff announcement on April 2. The reasons for the reversal are numerous. After a significant sell-off perceived positive developments tend to bear more significance than they should; it is always tempting to buy into massive dips.
Words are mightier than fundamentals in our world at present and displayed by the cross-market reaction to a softening of tone by President Trump toward the FED Chair, Jerome Powell. After the last few days of stinging words and verbal thrusts indicating an ability to fire the Chair, another volte-face in the dance of the White House directives is completed by “I have no intention to fire him.”
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