Barron’s (April 20)
“Stock investors might be fretting over the final stages of peace talks between Washington and Tehran but they aren’t prepared to relinquish the hard-won gains of the past three weeks nor the record highs reached in U.S. equity markets over the past few days…. The on-again, off-again nature of peace talks slated for this week in Pakistan were testing investors again Monday, but the broader market reaction suggests investors remain optimistic on a near-term conclusion to the conflict.”
Tags: Conclusion, Conflict, Equity markets, Final stages, Fretting, Hard-won gains, Market reaction, Near term, Optimistic, Pakistan, Peace talks, Record highs, Relinquish, Stocks, Tehran, U.S., Washington
New York Times (November 6)
“President Trump’s barrage on global trade appears to have taken a hit” during questioning in front of the Supreme Court. “Concerns are growing that the Supreme Court could scramble the Trump administration’s tariffs strategy. That may be welcome news for free-trade advocates, but it could also unleash more uncertainty for businesses and Wall Street.” Market reaction was rapid as “the yield on 10-year Treasury notes spiked to 4.15 percent,” a sell-off that suggests “bond holders are fretting that an adverse ruling could deprive the government of revenues needed to offset the federal deficit.”
Tags: Barrage, Bond holders, Businesses, Free trade, Fretting, Global trade, Market reaction, Revenues, Scramble, Sell-off, Supreme Court, Tariffs strategy, Treasuries, Trump, Uncertainty, Wall Street, Yield
New York Times (March 11)
“A new round of tariffs on aluminum and steel went into effect overnight. This time, no U.S. trading partner was spared.” The EU will respond with “$28 billion in retaliatory levies next month on American products, including bourbon, jeans and agricultural products.” While EU officials “hope they can still strike a deal…. President Trump seems determined to stick with his protectionist policies.” Immediate market reaction was muted, though “the sell-off has wiped roughly $4 trillion off the benchmark index in less than a month — as concerns grow that the levies will push up prices and slow growth.”
Tags: $4 trillion, Agricultural products, Aluminum, Bourbon, EU, Growth, Jeans, Market reaction, Prices, Protectionist policies, Retaliatory levies, Sell-off, Steel, Tariffs, Trading partner, Trump, U.S.
