There are two things that never lie.
The Financial Markets and
Yoga pants
And today the financial markets are saying they don’t expect tariffs and the ensuing trade wars. This is a good thing.
The threat/promise was 25% tariffs on day one. Didn’t happen and the financial markets popped. Bond traders sighed in relief and drove a nice day in the markets. The Street always knows.
Oni is promising tariffs on 2/01/2025. Nothing to that effect has been signed as of yet.
I can’t see the future but I can read what the markets are saying.
Mortgage rates actually ticked up today but we did have several days where rates ticked downwards.
“The slight rate drop comes after Trump signed a slew of executive orders in his first days in office, but held off on slapping steep tariffs on goods imported from China, Mexico, and Canada. Ten-year Treasury yields, which closely track mortgage rates, fell as financial markets grew less worried that the president’s policies would worsen inflation.”