Right now the auto number is 25%. Not sure of others. It’s a starting point for negotiations. Wall Streets numbers right now have baked in 9%. That appears to be too low.
That means up to and perhaps beyond we are looking at a bumpy road. If Trump takes this game of chicken to wed or even beyond. Look for some real dip and crashes.
Btw much has been made of Europe going after Apple and Google. Trumps threats to them will make any levies far lighter than the headlines.
I think car makers and heavy industry like steel will be in the cross hairs this week. And the s and p more than Nasdaq. Dow more than both.
I am heavy Nasdaq and super heavy tqqq. And yet if we see higher tariffs and the game goes longer. I think everyone will get beat up. Analysts have already dropped year end projection for sp500 from 6600 to 5900 and these games. Very disruptive. Can and will cause recession.
On the bright side of that a recession will allow him to get the lower interest rates he wants. Like curing a cold by chopping off your head.
I would pick your favorite stocks. Or in my case tqqq. And look for a crash. Anticipate a bad day. And if you get it. Buy. Jump. Hard to tkme the market but I think this is it. We have already corrected. We may dip more. And this is all an artificial creation. Which may bring about economic reality through his own ego an stupidity. But even that doesn’t last forever.
What I think happens is that he settles for about 10%. Accomplishes nothing. Declares victory. And then goes and fights chicks in bathrooms or the scouts letting in girls or people who aren’t sufficiently patriotic or something. Meaning he moves on. Wall Street hates a president who is meddling and interfering with the economy. He likely knows this
So look this week for a chance to jump in. I am going to see if I can get my cash ready. Not jazzed about jumping
More into tqqq but that’s where I see my biggest opportunity for stuffing already own. Oh yeah. I suggest buying stuff you already own that you like Stay in your comfort zone. Now isn’t the time to go shopping for new stocks
Imagine thinking you know more about economics than Donald Trump and Scott Bessent.
Wild.