From Taco to Twist -- Trump Will Impose Severe Tariffs
Trump twists from TACO as more severe tariffs are announced
Highlights
• Trump twists from TACO as more severe tariffs are announced
• The CNN Fear-Greed Index indicates “extreme greed” in the market
• Utilities, the classic defensive yield sector, delivers good returns
• Stock market’s sensitivity to the business cycle is significantly reduced
Key Takeaways
• More Tariffs Pour in While Markets Remain Convinced About TACO: From Taco to Twist — Trump Will Impose Severe Tariffs. Investors believe that Trump is chickening out on the tariff file because they are in la-la land. But you can’t keep your head in the sand indefinitely. How about 50% tariffs on steel, aluminum, and copper? How about 25% on autos? How about 50% on Brazil for political reasons, not economic reasons? Or 35% on Canada?
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