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Markets whipsawed violently as President Trump's tariff policies continued to roil global markets.
The S&P 500 has been down 6% since his April 2 announcement, and the Dow by 5%.
The 10-year Treasury yield surged above 4.5% as investors dumped US assets.
China's Commerce Ministry urged President Trump to "completely abolish" the 145% reciprocal tariffs.
Late Friday, the White House exempted tech products, including smartphones, computers, and semiconductors, from the reciprocal tariffs. Later on, the White House came out saying that this exemption may not be permanent, which created a bit more confusion.
Regardless of how you feel about the tariffs, it's undeniable that the world has changed forever.
How can you still generate a strong return in a choppy market?
There are two ways to approach an increasingly uncertain macro climate:
Go completely risk off, fleeing to the safest thing possible, or
Realize risk is rising everywhere, so you may as well hunt higher returns
We will continue to share more alternative investments, including non-US opportunities, to give you more options to consider when allocating your portfolio in this new world.
President Trump's approval rating plunged to 47% as 59% rate the economy as bad.
A US-made iPhone would cost up to $3,500, with labor costs alone adding 25% to the price.
A summer of layoffs looms as 92% of workers brace for recession.
There are plenty of indicators that are concerning, but also reason to believe that geopolitical progress could jolt the market(s)โฆ
Do you think a recession is coming in 2025? |
xAI acquired X in an all-stock deal valuing X at $33 billion and xAI at $80 billion.
GM's BrightDrop laid off 450 workers and halted production for 23 weeks.
Salt Edge partnered with SAGA to help Serbian banks meet new Open Banking compliance requirements by January 2026.
Grayscale and Osprey settled their two-year legal battle over Bitcoin ETF advertising claims.
Japan's FSA proposed a two-tier regulatory system for crypto assets.
A Canadian math prodigy allegedly stole $65 million in crypto through DeFi exploits.
NFT trader faces up to six years in prison after evading taxes on $13 million in CryptoPunk profits.
๐ฎ๐ฑ An Israeli airstrike destroyed part of Gaza City's last fully functioning hospital, forcing the evacuation of hundreds of patients.
๐บ๐ฆ ๐ท๐บ A Russian ballistic missile strike killed 34 people and injured 117 others in Ukraine's Sumy during Palm Sunday celebrations.
๐ป๐ฆ Pope Francis made his first extended public appearance since battling pneumonia, greeting 20,000 faithful at Palm Sunday.
๐ฌ๐ฆ Gabon's military leader, Gen Brice Oligui Nguema, won the election with over 90% of the votes.
โDividends and Essentials. Is it time for Campbell's Soup calls yet? โ
Gayle King and Katy Perry joined the first all-female crew to blast off in Blue Origin's next space launch. Though most of their information is private, they have previously required a $150k deposit, and auctioned seats off for as much as $28 million.
Chinese manufacturers are offering Amazon suppliers a Tariff solution, but itโs not legal.
An Indiana plumber took revenge on a Thai restaurant by re-clogging their drain after a payment dispute, prompting police intervention.
Thatโs all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Brandon with Stefan & Wyatt
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