BREAKING: US stock market futures extend declines with the S&P 500 now down -100 points. pic.twitter.com/eG01CX8SY0
— The Kobeissi Letter (@KobeissiLetter) April 10, 2025
Bloomberg comes out bearish on the Trump walk back.
Average effective tariff rates are now 24% from 27% this morning.
Still massively anti growth, pro inflation, and anti risk assets.
Wall Street will need further deescalation to sustainably rally. pic.twitter.com/aubTberrOi
— Spencer Hakimian (@SpencerHakimian) April 9, 2025
If current trends continue, we are likely 12 to 18 months away from the full onset of the largest global easing cycle in modern financial history and we may already be in the early stages of it. The seeds are being sown by a toxic convergence: weakening global demand, rising…
— EndGame Macro (@onechancefreedm) April 8, 2025
Prepare for a bigger stock drawdown warns Goldman Sachs 🚨📉 pic.twitter.com/bN2ybuihba
— Barchart (@Barchart) April 10, 2025
*CHINA LEADERS TO MEET ON STIMULUS AFTER TRUMP’S TARIFF
China doubling down today.
Doesn’t look like they’re coming to negotiate anything with the U.S. anytime soon.
Trade war isn’t even close to over.
— Spencer Hakimian (@SpencerHakimian) April 10, 2025
🇨🇳CHINESE FACTORIES CUT OFF DISCOUNTS AS U.S. ORDERS COLLAPSE
U.S. buyers are canceling orders and Chinese manufacturers are refusing to lower prices further after Trump’s latest tariff hike on China took effect Wednesday.
One toy factory in Guangdong lost a Baltimore customer… https://t.co/MrejD2Prgg pic.twitter.com/7cPYcOmOP9
— Mario Nawfal (@MarioNawfal) April 10, 2025