Category: Daily Instagraph

Twenty days have passed since the Trump administration announced its tariff plans — a move we likened to the work of alchemists dabbling in finance and economics. The real danger, however, is that their experiment didn’t unfold in the safe confines of a laboratory, but in the complex, interconnected system of the global economy. The … Continued

Berkshire Hathaway, the investment conglomerate led by legendary value investor Warren Buffett, currently holds an astonishing $334 billion in cash and Treasury bills. This war chest is now large enough to acquire 476 of the 500 companies in the S&P 500 outright. It’s no surprise, then, that Berkshire’s stock is up 14% year-to-date, while the … Continued

According to the widely followed BofA Global Fund Manager Survey, institutional investor sentiment is currently at a low point — at least professionally. Their composite gauge, which blends growth expectations, cash levels, and equity allocations, just posted its fifth-lowest reading in the past 25 years. The good news? Historically, when Mr. Market feels this gloomy, … Continued

China just posted a $100 billion goods surplus for March, pushing the Q1 total to $275 billion — up from $185 billion last year — and nearly $1.1 trillion over the past 12 months. Tariff front-running plays a role, but it’s not the whole story: China’s trade surplus spans well beyond the U.S. A few … Continued

As the unpredictable “alchemist tariff experiment” unfolds with fresh headlines like “Possible Temporary Reprieve for Autos” and “Initiation of Chips and Drugs Probes”, Mr. Market has shifted into a more benign mood, and equity investors are beginning to lick their wounds. While future U.S. policy remains largely unpredictable, there is a growing sense that the … Continued

Global equity markets are showing strength today, buoyed by President Trump’s decision to temporarily exempt certain electronics—such as smartphones and laptops—from tariffs. While this offers a short-term relief for companies like Apple and Dell, the administration has emphasized that these exemptions are only temporary. Given the unpredictability of trade policy from the White House, further … Continued

The “alchemist-in-chief” ignited a remarkable rally in equity markets yesterday, announcing a 10% tariff for 90 days on all trading partners except China. Markets reacted with enthusiasm: the Nasdaq surged by 12.2%, the S&P 500 gained 9.5%, and Japan’s market is up 8.6% this morning. European futures are also trading strongly higher. Meanwhile, Trump escalated … Continued

As we mentioned in our Sunday memo on recent market volatility: “Some observers suggest that Trump’s tariff strategy is less about protectionism and more about engineering a slowdown to push interest rates lower — a deliberate attempt to manage the cost of refinancing the $9 trillion in U.S. debt maturing by 2026… With the 10-year … Continued

Yesterday’s trading session was once again not for the faint of heart. The DAX moved an extraordinary 11% between its low and high, while the S&P 500 saw intraday swings of 7.8%. For any trader, this level of volatility is extremely difficult to manage—especially when it’s driven by quickly reversed rumors, like a supposed 90-day … Continued

Asian markets are in the red again this morning, and European equity futures are following suit as investors digest Donald Trump’s latest tariff rhetoric. It’s becoming increasingly evident that the resulting drag on global trade could weigh heavily on economic growth. Interestingly, some are now floating a more strategic — or conspiratorial — interpretation: that … Continued