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Was really hoping it would rally to the high 90sDidn't take long to get slapped back down and fill that opening gap.
View attachment 848354
Yep. Equities that are almost 100% non-correlated with tariff target countries are still getting whacked.Every time Trump mentions tariffs we tank. Market hates tariffs.
Also GDP revised to -2.8%…yikes. Might be a bumpy year.
https://www.atlantafed.org/cqer/research/gdpnow
I have respect for the Atl Fed - they have a good track record of calling GDP. The duration of the trade deficit (and the depth) determines where GDP goes this year (and the driver of the negative GDP outlook). He (Trump) could just as quickly reverse course and kill the tariffs and thus the revised GDP estimate would go back up.Every time Trump mentions tariffs we tank. Market hates tariffs.
Also GDP revised to -2.8%…yikes. Might be a bumpy year.
https://www.atlantafed.org/cqer/research/gdpnow
Changes their mind with the wind direction so very trueI have respect for the Atl Fed - they have a good track record of calling GDP. The duration of the trade deficit (and the depth) determines where GDP goes this year (and the driver of the negative GDP outlook). He (Trump) could just as quickly reverse course and kill the tariffs and thus the revised GDP estimate would go back up.