The Morning Call--Trump unleashes auto tariffs

 

The Morning Call

 

3/27/25

 

The Market

         

    Technical

 

            Wednesday in the charts.

            https://www.zerohedge.com/market-recaps/tech-wrecks-ai-bubble-fears-build-tariff-talk-lifts-dollar

 

            More.

            https://www.zerohedge.com/the-market-ear/tech-tumbles-and-death-crosses

 

            Nothing good happens below the 200 DMA.

            https://mrzepczynski.blogspot.com/2025/03/below-200-day-moving-average-life-is.html

 

    Fundamental

 

       Headlines

 

              The Economy

 

                        US

 

Weekly initial jobless claims totaled 224,000 versus expectations of 225,000.

 

Final Q4 GDP growth was 2.4% versus estimates of +2.3%; corporate profits were up 5.9% versus -0.9%; real consumer spending was up 4.0% versus +4.2%; the price index was +2.3% versus +2.4%.

 

                        International

 

February Chinese YoY industrial profits were down 0.3% versus projections of +4.0%.

 

                          February UK YoY auto production fell 11.6% versus consensus of -16.5%.

 

                        Other

 

                          Lower immigration will lower nonfarm payrolls.

                          https://www.apolloacademy.com/lower-immigration-will-pull-down-nonfarm-payrolls-over-the-coming-months/

 

                          Wednesday in the economic charts.

                          https://dailyshotbrief.com/the-daily-shot-brief-march-25th-2025/

 

                          How much of the current economic strength is due to front running tariffs?

                          https://bonddad.blogspot.com/2025/03/manufacturers-continue-to-front-run.html

 

                          Expect big price reductions in new homes.

                          https://mishtalk.com/economics/expect-to-see-big-price-reductions-this-year-on-new-homes/

 

            Monetary Policy

 

              The advantages of stablecoins.

              https://www.zerohedge.com/crypto/crypto-fund-manager-single-largest-arbitrage-human-history

 

            Fiscal Policy

 

              Shed no tears for fired federal workers.

              https://issuesinsights.com/2025/03/25/shed-no-tears-for-fired-federal-workers/

 

              Cash sucking zombie agencies.

              https://www.realclearinvestigations.com/articles/2025/03/25/might_of_the_living_feds_1099569.html?mc_cid=c88c296ade&mc_eid=0622ebfa37

 

            Inflation

 

Goldman questions the veracity of University of Michigan inflation expectations index.

https://www.zerohedge.com/markets/goldman-crushes-trump-tariff-inflation-fearmongering-exposes-umich-expectations-bias

 

            Tariffs

 

              Trump unleashes auto tariffs.

              https://www.zerohedge.com/political/stocks-bond-yields-sink-reports-imminent-trump-auto-tariffs

 

              For Japan, it will be catastrophic.

              https://www.zerohedge.com/markets/japanese-carmakers-face-catastrophic-profit-hit-trumps-auto-tariffs

 

              Unpacking the tariffs/inflation debate.

              https://www.cato.org/blog/unpacking-tariffs-inflation-debate

 

    Investing

 

            The bond market is not signaling recession.

            https://www.advisorperspectives.com/commentaries/2025/03/26/fixed-income-market-not-signaling-recession

 

            Goldman looking for higher gold prices.

            https://www.zerohedge.com/the-market-ear/goldman-sees-gold-tail-scenario-hitting-4500

 

    News on Stocks in Our Portfolios

 

 

 

What I am reading today

 

           

                        A brief history of the Panama Canal.

            https://thedailyeconomy.org/article/a-brief-history-of-the-panama-canal/

 

Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.