Wednesday, April 9, 2025

Kangaroo Market

DJIA up 6.5%.  NASDAQ up 7.5%.  S&P up 7.71%.  I suspect it was not equity markets that caused Trump to pause tariff war, but 10-year Treasury yields now up to 4.396%.  This was not the goal.

UPDATE: The rally survived noon.  NASDAQ gained 12%.  DJIA gained 7.8%.  S&P 500 gained 9.5%.  I hope reassuring the PANICans was not the primary push for the sudden delay in higher tariffs. 

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