The Morning Call
4/10/25
I am having surgery bright and
early tomorrow morning. Hence the early delivery. Friday’s Morning Call will depend
on how it goes and recovery time.
The
Market
Technical
The
Trump Put. It doesn’t take a genius to tell you that this represents a major
change in strategy. Despite what Trump has said, he either couldn’t take the
heat, has decided to alter his trade strategy or this was his strategy all
along. I got $100 that says the story line will be the latter irrespective of
what has really occurred. In any case, while this provides interim relief for
the Markets, we still don’t know how the tariff strategy all plays out (i.e.,
how punitive the tariffs will be and to whom). Although it is probably safe to
say that the downside risk has been truncated. I nibbled yesterday on the news
in Zoetis (ZTS), Applied Materials (AMAT) and Ball (BALL).
Wednesday in the
charts.
https://www.zerohedge.com/markets/stocks-surge-most-5-years-trump-policy-pivot-everything-else-soars
How the big boys
fared.
The mother of all
short squeezes.
https://www.zerohedge.com/the-market-ear/upside-panic-shorts-torched-mother-all-squeezes
Fundamental
Headlines
The
Economy
US
International
Other
Monetary
Policy
The FOMC released
the minutes from its last meeting. Of course how you interpret them today will
be entirely different from how you would have interpreted them on Tuesday.
Fiscal
Policy
It is Main Street’s turn.
Trump’s economic revolution.
https://www.zerohedge.com/markets/trumps-economic-revolution-unraveling-blessing-and-curse
What will happen to the dollar?
https://investor.fm/the-reputational-bankruptcy-of-the-american-dollar/
Recession
Sprinkling cold water on the idea of
recession.
Tariffs
erased
Investing
How effective in
rebalancing?
https://roberthuebscher.substack.com/p/take-this-test-how-well-do-you-understand
News on Stocks in Our Portfolios
What
I am reading today
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