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It's So Over; We Are So Back
Manage episode 476279466 series 2562187
🎙️ Off Chain Weekly Recap – April 10, 2025
This week, Matt and Austin unpack one of the wildest weeks in markets this year:
🔹 Trump’s Tariff Tsunami: A 10% universal tariff turned into a tit-for-tat trade war with China, peaking at 125% tariffs on Chinese imports. China hit back hard — tariffs, blacklists, and export controls on rare earth minerals.
🔹 Global Fallout: Vietnam, India, Japan, and the EU rushed to the negotiating table. Some offered full tariff eliminations to avoid a full-blown trade war.
🔹 Apple, Inflation & $30K iPhones?: Concerns about Apple and other US companies absorbing the shock, but signs suggest they’re more resilient than during Trump’s first term.
🔹 Market Madness: Stocks nosedived early in the week, only to surge midweek after a partial tariff rollback. Crypto pumped. S&P saw its biggest 1-day gain since 2008. But uncertainty looms.
🔹 Currency Games: China strategically devalues the yuan to counter tariffs. US Treasury markets spooked. Is a dangerous feedback loop forming?
🔹 Outlook:
- Short-term: More volatility, sideways action unless China escalates.
- Mid-term: Q2/Q3 could be rough — all eyes on corporate earnings & the Fed.
- Long-term: DCA and hold. Could look back at Q2 as a massive buying opportunity.
🛞 And yes — the G-Wagon is safe (for now). 🙃
161 episodes
Manage episode 476279466 series 2562187
🎙️ Off Chain Weekly Recap – April 10, 2025
This week, Matt and Austin unpack one of the wildest weeks in markets this year:
🔹 Trump’s Tariff Tsunami: A 10% universal tariff turned into a tit-for-tat trade war with China, peaking at 125% tariffs on Chinese imports. China hit back hard — tariffs, blacklists, and export controls on rare earth minerals.
🔹 Global Fallout: Vietnam, India, Japan, and the EU rushed to the negotiating table. Some offered full tariff eliminations to avoid a full-blown trade war.
🔹 Apple, Inflation & $30K iPhones?: Concerns about Apple and other US companies absorbing the shock, but signs suggest they’re more resilient than during Trump’s first term.
🔹 Market Madness: Stocks nosedived early in the week, only to surge midweek after a partial tariff rollback. Crypto pumped. S&P saw its biggest 1-day gain since 2008. But uncertainty looms.
🔹 Currency Games: China strategically devalues the yuan to counter tariffs. US Treasury markets spooked. Is a dangerous feedback loop forming?
🔹 Outlook:
- Short-term: More volatility, sideways action unless China escalates.
- Mid-term: Q2/Q3 could be rough — all eyes on corporate earnings & the Fed.
- Long-term: DCA and hold. Could look back at Q2 as a massive buying opportunity.
🛞 And yes — the G-Wagon is safe (for now). 🙃
161 episodes
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