boytoy wrote: Thu Apr 10, 2025 3:17 pm
USD strength?
Stocks rebound on the news Trump looks to be consolidating the trade tariffs onto China while easing off on the rest of the world.
USD needs to wait for the whipsawing in stocks to settle and an overall direction to be established before responding to the implications of a major US stocks correction or a new boost upward.
But there is still some ways to go before everything settles down, still plenty of scope for surprises in the tariff wars and there is more to be revealed of the bigger Trump plan.
Talk now of Trump wanting to relace income taxes with the new tariffs.
"TRUMP WANTS TO REPLACE INCOME TAX WITH TARIFFS—$13K PAY BOOST OR HIGHER PRICES?" ($13K on an income of $100,000).
No matter what, volatility will be high, big money will need to respond to change quickly.
So buckle up for a wild ride ahead in both indices (stocks) and the USD, or park up in gold.