It’s easy to get distracted by the chaos of random policies that have been coming rapid-fire at Americans. We see this in the Tariffs On, Tariffs Off, Sell, Buy pattern of news-flow. But rather than get pushed and pulled by the daily deluge, let’s find some better context.
Markets are trying to digest a troika of unknowns:
1) What are the new proposals actually going to be?
2) What will their impact be on economic activity and inflation?
3) How will the above affect corporate revenues and profits?
Source: Barry Ritholtz
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