top of page

Trump : s-t pain for l-t gain, Bessent : detox period / Musk, NATO risk / SPX, QQQ, DJ, BTC all at 200dma's !!

Writer: StéphanStéphan
Mar 104 min read


  • Markets : Trump does not rule out 'recession' as he rejects business fears over tariffs..(transition period, induced slowdown..lower rates, get Fed to cut, lower usd and refinance...NO Equity put..), on tech side, everything that matters is sitting right on the 200-day SMA (#SPY #QQQ #IA #BTC (MUST follow - absolutely key for momentum..), JPY remains firm(er), further risk of 'carry unwind' won't help risk sentiment overall

  • Americans are missing their car payments at the highest rate in more than 30 years

  • Scott Bessent (Friday) : “The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.”

  • US blacklists Switzerland for “unfair trade”

  • The Trump administration has effected a revolution in foreign policy. Every country will consider how to wean itself off dependence on the United States. The Post-American World is now in plain sight/That is the risk going forward..

  • Ukraine-Russia war latest: US to lead talks in Saudi Arabia as Trump warns Ukraine ‘may not survive’, $50 crude would hurt Russia 'more' than sanctions

  • China hits back at Canada with fresh agriculture tariffs, China bond yields jump to three-month highs as investors pare rate cut expectations, China’s consumer inflation turns negative for the first time in 13 months, China vows utmost efforts for 'peaceful reunification' with Taiwan

  • Germany to reach out to France and UK over sharing of nuclear weapons

    But Friedrich Merz cautions such a move could not replace the US’s existing protective shield over Europe

  • Ukraine - Ukraine seeks to persuade US to resume aid in high-stakes talks - Zelenskyy in bid to persuade Trump he wants an end to war with Russia after freeze on military and intelligence aid

  • The Nasdaq 100 has officially ended its streak of 497 trading days above its 200-day average, the second-longest streak in history

  • Elon Musk said the US should exit NATO as ‘it doesn’t make sense for America to pay for the defence of Europe (BBG)

  • Friedrick Merz may make concessions to the Greens to secure support for major defence and infrastructure spending. Italy is considering adding as many as 40,000 soldiers to its army. Meanwhile President Trump said he had largely lifted a freeze on US intelligence sharing with Ukraine ahead of bilateral talks between the US and Ukraine in Saudi Arabia this week (BBG)

  • Blackstone vs. BlackRock: The Greatest Wall Street Frenemy Story Ever Told

  • FT economists’ poll: Germany can spend almost €2tn without harming growth

  • Britain’s biggest unions call for much closer UK-EU ties amid ‘volatile’ global economy, it will happen, one way or another (closer ties)

  • The Bitcoin bear market is here. The failed launch of the Bitcoin Strategic Reserve made it clear that there was never any intention to buy anything other than seized BTC. Meanwhile, the institutional demand narrative has collapsed, as seen in record ETF outflows


 



Main indices YTD

DAX 40: +17%​

STOXX Europe 600: +9%​

Hang Seng Index: +12%​

Dow Jones Industrial Average: +0.5%

S&P 500: -2.50%​

NASDAQ Composite: -6.5%​

















The longer Elon stays at DOGE, the lower #TSLA shares weill go .. $100 anyone ?


Short-term pain, for long-term gain >>> force a mini recession, softer UST yields in short-end, softer USD and refinance the $7trn...




 
 
 

Comments

bottom of page