I can’t resist posting this Amazing Trader 5 minute chart… what should stand out os the bounce off support and then a run at the high for a near double top- no coincidence if you are using AT)
re (10 yr last 4.457%) …
I am sensing that in the backdrop of trumps tariffs AND increasingly load voices screaming “inflationary” , the risk is that manufacturers are increasingly ably to pass along their increased costs and that without fear as , again me sensing, that “inflationary expectaions” are getting closer to becoming acceptable and run the risk of becoming anchored. with a non-chalant attitude.
puppy looks lets say softish. close around here or lower would portend lower still next week
looks like players are starting to be annoyed by donald’s tariff theatricks.
and , having watched early morning plebian news w / journos sticking a microphone in front of folks on the street about prices of eggs and most folks just shrugging “so-what” shoulders about inflation .. a danger for donald I suggest
Europe to bat away U.S. tariffs, weaker currency to help
Another day, another story on tariffs.
This time, U.S. President Trump has tasked his economics team with devising plans for reciprocal tariffs on every country that taxes U.S. imports, starting from April.
While that may look bad for Europe on the surface, Barclays is sanguine about the possible impact, especially as the delayed implementation opens the door for negotiation.
“The actual hit to growth is likely manageable and largely offset by weaker EURUSD,” Barclays says.
The staples, autos and chemicals sectors exhibit the widest tariff gaps, Barclays notes, so they would be most exposed to reciprocal tariffs, but these sectors have underperformed since the U.S. election.
“Some of the earnings downside is arguably priced in already,” Barclays notes.
A look at the day ahead in U.S. and global markets from Mike Dolan
As world stocks got a fresh lift, the U.S. dollar has retreated to its lowest of the year so far on a mix of reversing U.S. Treasury yields and another delay in tariff implementation.
Multiple cross-currents have hit macro markets this week – a whipsaw effect from two big U.S. inflation reports, Washington’s push for Ukraine peace talks alongside threats of sweeping tariffs and another heavy schedule of corporate earnings and Treasury debt sales.
But as Friday trading gets underway, the net impact on the dollar index has been to sink it to its lowest in almost two months – driven in part by a benign take on January’s U.S. producer price report and a Ukraine-related rally in the euro.
Bonds retain a bearish biasbut are off lows as geopolitics drives recent price action
Gas continues to deflate, crude rangebound & metals advance.
Russia has said its officials are not attending the Munich conference, US VP Vance & Ukraine’s Zelensky set to meet at 11:00EST; recent remarks from Zelensky have tempered recent optimism