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U.S YTD '25 deficit $1.1trn ! / Trump tax on wealthy / SPX 5700 / 10% tariffs basis, and now China-U.S talks in GVA!

  • Writer: Stéphan
    Stéphan
  • May 9
  • 3 min read


  • Trump seeks tax hikes on wealthy who earn $2.5mio or more...whoops, after the US-UK 'deal that isn't a deal' it looks like that 10% tariffs are here to stay as a basis, Trump lowered tariffs to China down to 50% ahead of meeting tomorrow in Geneva, this is not going to fly with the chinese delegation..one can fear...EU already set out possible 95-billion-euro response to US tariffs

  • Markets : giddy up short-covering in equity last 3weeks.., a little too good for what's ahead of us, look to reduce risk, ''re hedge, re sell'' some exposure #SPX500 futures near 5700, @QQQ 20K+, and resell some USDJPY-CROSSJPY's, buy GOLD again etc >>>> We have reduced again what we purchased for clients in early-mid April

  • Bank of England cut 25bps, however, 30y yields up10bps..

  • Initial thoughts on the US-UK '''trade deal'''... Not much changes, for now / Thread

  • The federal budget deficit totaled $1.1 trillion in the first seven months of fiscal year 2025, CBO estimates. That amount is $196 billion more than the deficit recorded during the same period last fiscal year

  • The friendship between Trump and Netanyahu is over

  • GOLD $6'000 during Trump 2.0 ?...

  • Trump suggests meeting with Powell wouldn’t do much to help him plead his case for looser monetary policy: “It’s like talking to a wall.”







Tend to agree, Trump already brought tariffs down to 50pct, but that's still far too high, doubt China will be happy about that this weekend in Geneva!



This is not the full fat free trade agreement between the US and the UK that was talked about all the way through the Brexit referendum and for ages afterwards







Nutty valuation!










 
 
 

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