We’ll be taking a deeper dive into general conditions here on the blog this week, in the meantime macro strategist Cameron Crise pretty much says the short-term like it is:
“… as long as the president keeps treating tariffs like a child treats a new toy at Christmas (a four dimensional chess set, perhaps?), it seems clear that the path of least resistance for stocks remains down.”
News over the weekend was that Trump was itching to slap tariffs onto Australia (I kid you not!), but, for now at least, the more economically-savvy of his advisers were able to convince him otherwise.