Trade talks, compromises on cards, or else / USD recovers vs Gold and majors / Eq steady-up / Spain blackout, why?

Stéphan
May 8
4 min read

VE80 ! followed by ...Trade talks (fitting timing..?).., all these talks are the start of negotiating, let's be positive, but it's just that, the world is 'negotiating' again, they know they have to... or else (LA ports already down 60pct in traffic..unless you want a proper recession..compromise) >>> markets may well rally into meeting (having rallied huge late April already, for context), possibly come off as both side walk away without anything firm decided, though both will admit it's ok to save face.. USd also recovers, vs overbought Gold, CHF, JPY, EURO, GBP etc
Gundlach: believes base case is headline CPI will end the year with a 4 handle
Textbook risk management from Fed chair Powell: "The costs of waiting to see further are fairly low."
Total revenues for U.S. firms in China exceed six times the value of U.S. exports to China
Xi Jinping says Taiwan's reunification with China is "inevitable" and "unstoppable."
Mike Rowe warns Americans that the ‘will to work’ is disappearing — says 6.8 million able-bodied men aren’t even looking for a job. Here’s why and what it means for US job market
France and Germany will set up a Defense and Security Council, President Macron announced
Bessent : The unfettered ability to borrow has made the United States more prolific, however, there is the potential that the market may discipline us one day, so quickly come sup with....of course now, he sees (needs) the potential for some $2 trillion in demand for US Treasuries from digital assets, and US Debt to GDP ratio will drop next year..finally...Bessent says that little girls who are sad about having fewer dolls should just have it explained to them that they will have a better life for it
Forbes : How close is the U.S to a recession ?
France and Germany to set up joint security council
#GOOD at current levels of $150 is a 1.7trn valuation, its cloud infrastructure bizz runs on a 50bn yearly rate, let's put a 20 multiple, thats $1trn name or $80-90 stock price
Barclays Upgrades UK's FTSE 250 To Overweight From Market Weight
#USD : Did you know that in the 1980s, the U.S. succeeded in reducing its trade deficits and tamed an overvalued dollar? Richard Clarida, PIMCO’s Global Economic Advisor and former Vice Chair of the U.S. Federal Reserve, offers valuable historical perspective and insights for the current landscape
The EU is preparing a massive response to US tariffs. If the negotiations fail, it plans to tax about 100 billion euros of American products, according to European diplomats.
Citi's Moore says firms cannot ‘Adapt Instantly’ to policy changes - Economy was ‘decelerating even before tariffs’ - “At this point, we're not adding to risk assets”
Quite a brutal op-ed from the former head of the Spanish electricity grid.. In short: Spain invested (lots) in solar generation -- but did not integrate it into the power grid!!