50% tariffs on the EU delayed until 9th July / URA up / Iran-US, UKR-RU / Big beautiful bill at risk in Senate too
- Stéphan
- May 26
- 3 min read
Markets : classic Donald, markets moved lower on Friday, as Trump “suggested” general tariff of 50% on the EU and said he would like to see 25% tariffs on all IPhones not made in the US, and then agrees extending EU tariffs deadline to 9th July over the weekend...another fold...what a clown show, what a complete 'insider trading dream' for them... >>> Ron Johnson reportedly has enough votes to block Trump’s “big beautiful bill” including Mitch McConnell & Lindsey Graham. (apparently), Eq rally again over weekend, will give another opportunity to resell/re-hedge 5900-50+ area SPX500 , CHF, JPY, Gold might correct a little softer again, but precious metal trend remains higher, XPT on its way up finally!.., BTC also making new highs, Trump also tweeted "something has happened" to Putin and that "he has gone absolutely crazy.", what happened to him stopping the war in 2-3days...
In 45 days, Japan's 30Y Government Bond Yield rose a MASSIVE +100 basis points, to a record 3.20% >>> UJSDP Y
“China holds the cards… and America’s bluff is failing.” -Nobel laureate Joseph Stiglitz / Thread - interview below, well worth a listen imho
Trump says he had good chat wit Iran over weekend..and Iran sharply criticizes Trump..
Brent crude has fallen from the January high of $82/bbl to $64, and GS expects oil prices to continue to trend lower throughout 2025 and 2026. Goldman Sachs notes that contrary to the hopes of some, lower oil price’s impact on US inflation will be very small
Russia launches war's largest air attack on Ukraine, kills at least 12 people
𝘊𝘰𝘳𝘳𝘪𝘯𝘦 on X: "“China holds the cards… and America’s bluff is failing.” -Nobel laureate Joseph Stiglitz When China began catching up, America hadn’t lost yet- but its long-stagnant system had already begun to crack. What America fears is not losing to China. It fears discovering that it’s no https://t.co/aJ6uqGJEe1" / X
Ole S Hansen on X: "#Uranium- and nuclear-themed ETFs spiked sharply Friday after news emerged that the domestic nuclear industry is set to be overhauled with executive orders from Trump. The Global X Uranium ETF ($URA), a key benchmark for uranium stocks, jumped 11%, driven by gains in top uranium https://t.co/KiyKRYobXQ" / X
Trump: "I'm not happy with what Putin is doing. He's killing a lot of people and I don't know what the hell happened to Putin. I've known him a long time ... we're in the middle of talking and he's shooting rockets into Kyiv and other cities. I don't like it at all. I'm surprised."
Big if true!
The Kobeissi Letter on X: "What is happening in Japan? In 45 days, Japan's 30Y Government Bond Yield rose a MASSIVE +100 basis points, to a record 3.20%. Over $500 BILLION worth of "safe" 40Y Japanese Government Bonds have lost 20%+ in 6 weeks. Is Japan's bond market imploding? (a thread) https://t.co/iGdki2Dwz0" / X
Michael Pettis on X: "1/7 FT: "China is accelerating efforts to build a series of giant banks and brokerages as it pushes to consolidate the financial sector and make it better able to weather economic shocks." https://t.co/X8jvixazhn via @ft" / X
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