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Thursday, April 10th
“One of our Tiger tanks is worth four of their Shermans… but the Americans always bring 5”
– German Tank Commander, 1944
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Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Up
🇺🇸 United States: Mixed
🛢️ Oil: Down
⚡Crypto: Up
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Major Market Events
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Core inflation rate plummets to 4-year low in March
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Tariffs latest: EU matches Trump with 90-day pause
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Prada Group buys Versace fashion house from Capri in $1.4B deal
🤔 My Thoughts
Here’s what this newsletter said yesterday:
“From the time we write this to the time you see this (maybe a 15 minute gap) the markets could be trillions of dollars in the green… or trillions of dollars in the red.”
And boy did that turn out to be right.
Not that it was the boldest call imaginable, and while we didn’t get in front of the record-smashing rally, we did avoid puts and shorts and other bearish bets that got absolutely wrecked yesterday.
Now, after one of the biggest single day rallies of the last 100 years, the markets are opening a little shaky, still contending with 10% universal tariffs and a 125% tariff on China….
Which breaks every business model for every major company.
But the big boys like Apple for example have market caps in the trillions and cash positions in the tens of billions, so they’ll be able to weather the storm just fine.
(There’s actually a big opportunity on Apple right now, which you can see in today’s live broadcast at 1 PM.)
Everyone’s rushing to have an opinion on how this trade war, which was always mostly about China, will go…
A lot fewer people are actually putting their money where their mouth is.
Maybe we’re biased as proud Americans, but we think America will win.
As you see in today’s quotation above, Americans are legendary on the world stage for being brash, and chaotic, and over the top… but eventually winning in the end.
Of course that comes with some short term pain at the very least…
So we’re not expecting volatility to slow down any time soon, and it’s worth remembering that even with yesterday’s massive rally, we’re still down on the year, maybe flirting with break-even.
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Testimonial of the day:
Barrie W. about the Lazy Trader’s Club:
“Won on about 8 trades. No losses”
