Tariff Man and his tariff plan cause market plunges

Two things are for sure.

1. The US brought in another record month of tariff revenue.
2. The stock market hit fresh all time highs yesterday despite what the local economists on this board will tell you. Futures are saying new highs will be hit today.

Were you smart enough to buy the dip?

I keep telling you that the markets are primed to pop on good news of stability with all the bad shit he keeps pumping into it.

TACO Tariffs is a thing because people are starting to figure out the game that was laid bare during 1.0

The deadline isn't really a deadline. He doesn't have all the deals lined up. He's says everyone wants one but is prepping expectations for well under 90 deals. And he's going to project fake strength by sending out letter because he wasn't good enough to deliver on his promises.

TACO is about pretending partial credit is tbe whole enchilada because you get one enchilada on the plate when you used to get 3.

As long as he keeps walking back from the insanity of Tantrum Day the markets will be fine because they know he's selling you on 5 different moonshots and hoping you get enough incremental progress that he can scrape together and call it a win.

https://finance.yahoo.com/news/taco-...185311545.html

Not only did I buy the dip but did some re-allocating based on things that sold off more than should have IMO.

Bottom line tariff revenue is at an all-time high. Did he delay some, walk some back? Sure whatever. He’s negotiating for US interests going forward. IMO you guys want to see it fail bc you don’t want 47 to get any credit. Take a step back if some of you can’t see your TDS I don’t know what to tell you. I was no fan of Biden’s administration but I didn’t want the country to fail.

The stock market will hit an all-time high today. Is it because 47 is going to cancel all his tariffs? Is the market saying the US will get better trade deals? Or tariffs are here to stay and there will be more onshoring and buy US.

Which is it?

Just don’t tell me 47s tactics are bad when the market is telling you differently.

Here’s a nice visual for you America last folks.

https://x.com/zerohedge/status/1936913627069464705

The market is telling me that it's mostly ignoring 47's actions at this point because he isn't moving forward with his tariff plan.

Wall Street coined TACO afterall. They noticed the same pattern that others have in others areas and it began being used colloquially regarding his tariffs.

It's why you see more muted responses to his ramblings. Despite you and Bam telling us he's forging ahead, we see that the market does best when he dials back his dumb tariff plan.

You'll claim negotiating tactic. I'll claim suboptimal buffoonery

Despite all time highs for tariff revenue, 47 isn’t moving forward with tariffs?

He is going to cancel all new tariffs from this year?

I’d argue he’s not going to remove anything currently in place unless he gets a trade deal he likes. And the market has adjusted to that.

We'll have to see. Remember, we were told that zero tariffs were the plan. But tariffs replacing all income taxes was the plan. Excess tariff revenue paying down the national debt was the plan. Bringing back most things being made in America was the plan. Exporting more than we import was the plan.

You're seeing the market grow while most of his tariffs are paused.

He's baked in 10%. Remember where he said they were going to be? Pepperidge Farm remembers.

See the bigger picture. Ignore the method that you don’t like.

Tariff revenue at all time highs. Market at all time highs.

What’s not to like with the current results?

Those may be correlated but are mutually exclusive. The question is sustainability and stability. Those both require time to assess.

Pointing to all time high tariff revenue is also a strawman. No one was going to dispute that putting the highest tariffs in modern history on the largest volume of imported goods in modern history wasn't going to juice revenue (and coming soon, some inflation)

That number needs to be a lot higher still to fulfill some of the promises made.

The point is the stock market is forecasting a healthy economy.

Current higher than ever tariffs are baked into that conclusion, unless you think 47 will walk back what has already been implemented. He won’t unless there’s a benefit to it.

Trump is playing with house money right now and doing what no other president in our lifetime has done.

And don’t ignore this nugget.

“Available CBO analyses focus on a 10-year horizon, estimating that tariffs implemented through mid-May 2025 could reduce the federal deficit by approximately $2.8 trillion by 2035, assuming they remain in place.”

But Bam said the point was zero tariffs

Just read another what Trump was calling a deal with China.

It is, in fact, another incremental step. He's now trying to triple dip and legitimately wants to count incremental agreements to that framework as separate deals

https://finance.yahoo.com/news/forei...155708202.html

Rick Newman gets it