It does seem odd to me that the market moved so much during liberation day but not since then. I wonder if the TACO concept is just motivated reasoning to block out the uncomfortable updates since then.
I think that the equity market’s benign reaction to worst-case tariff effects on the U.S. economy reflects their expectation that the bond market (with its less benign reactions) will keep Trump’s aspirations in check. Who knows if the market is right? Personally, I’m not counting on it.
It’s a banana republic Josh. How much could it possibly cost? $10?
It does seem odd to me that the market moved so much during liberation day but not since then. I wonder if the TACO concept is just motivated reasoning to block out the uncomfortable updates since then.
I think that the equity market’s benign reaction to worst-case tariff effects on the U.S. economy reflects their expectation that the bond market (with its less benign reactions) will keep Trump’s aspirations in check. Who knows if the market is right? Personally, I’m not counting on it.
I am less than 10 years from retirement and my investments are doing well, but I am willing to take a hit if it hurts Trump and the MAGA cult.
🇺🇸