AMZN backs down / Miran met with HF's / SPX 55-5600 res levels / Wild April it was !
- Stéphan
- Apr 30
- 2 min read
Markets : Wild April markets brought great opportunities to add risk into the sell-off.... ! Trump still bashes Powell, touts tariffs at rally marking 100 Days, given levels/recovery last 2weeks in markets, broadly speaking, the "Sell in May and go away" might well be fairly appropriate this year ? SPX500 55-5600 resistance levels tested and USD 'pausing' near key support vs a few pairs, going into month-end flows, crude still on lows, plenty of uncertainty remains though it seems quite clear Trump/Miran/Bessent are keen to avoid a disaster, that all said, they love their tariffs...
Top Trump adviser struggled to soothe investors in talks after market tumult. Stephen Miran met hedge funds and big asset managers after tariffs sparked Wall Street turmoil
Donald Trump renewed criticism of Jerome Powell, saying he knows ‘much more’ about interest rates than the Fed chair. He also championed his economic policies and tariff regime at a rally to mark his 100th day in office (BBG), The president signed an executive order to ease the impact of his auto tariffs. Earlier Trump told ABC News that China deserved the steep levies imposed and Beijing may find a way to reduce their impact on US consumers
Amazon said it won’t display the cost of tariffs on products after the White House blasted the reported plan and Trump called Jeff Bezos to complain, backed down pretty quickly!...why? what did Trump offer ?
Bonds, long-end rally across board (from oversold and into month-end), and UK 30 year Gilt yields hit 5.19% lowest since 7th april
EU pact could scupper Britain’s hopes of free trade deal, US warns
Switzerland UBS April investor sentiment -51.6 vs -10.7 prior
President Trump criticized Federal Reserve Chairman Jerome Powell, saying he's "not really doing a good job". “You’re not supposed to criticize the Fed,” Trump said. “You’re supposed to let him do his own thing — but I know much more than he does about interest rates.”
· Trump wrapped the criticism in a broader defense of his signature economic policies, arguing that his sweeping tariff program would inspire a wave of economic growth and lure manufacturers back to the US.
· Trump’s 100-day victory lap comes despite polls showing his approval ratings sinking to the lowest level in decades for presidents at this milestone in their terms.
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