Trump not happy with Putin delaying tactics / Lower U.S growth forecasts, earnings downgrades 'R' word trending

Stéphan
Mar 31
3 min read

Week ahead : Trump threatens secondary tariffs on Russian oils, no clear path to peace in UKR, Trump pissed off with Putin, reciprocal tariffs to hit all countries initially >> growth hit coming, higher unemployment (DOGE and slowdown), while inflation remains firm. GOLD, $3100+ (if in doubt hold and buy some more of it, XAG should join in soon through 35+) is rising and warning of potential financial event (worse case) or simply because the USD will eventually take a hit, as Trump is getting nowhere fast in any serious way with tariffs, and now earnings downgrade coming in April, only question is how big. Obviously all eyes on 'Liberation day' on Wednesday, few month-quarter-end flows first for today, ''NFP Friday'' could start to be interesting again
GS: “we lifted yearend 2025 core PCE inflation by 0.5 to 3.5%. Reflecting tariff news and a decline in Q1 GDP estimate, we lowered 2025 GDP growth by 0.5 to 1.0%. Because of the GDP growth downgrade, we raised yearend 2025 unemployment rate by 0.3 to 4.5%”
JPM CEO Jamie Dimon last week: "We've gone from—I'm going back like 20 years now—8,000 public companies to 4,000. We are driving companies out of the public markets because of litigation, regulation, reporting requirements, cookie-cutter expectations of how we want boards to be, excess regulations, shareholder meetings which are frivolous"
The US is preparing sanctions against the Russian Federation if it does not cease fire in Ukraine, — Finnish President Alexander Stubb after a conversation with Donald Trump.
According to him, Trump is extremely irritated by the actions of the Russian Federation, its manipulations and the delay in the negotiation process.
“I explained that this is typical behavior: first they agree, and then they set new conditions,” — Stubb
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