____________________________________________________________________________________
We won’t lie – the market is UGLY right now. But if you have the right strategy, ugly markets can be just as potentially profitable as beautiful ones. I’m going live tomorrow at 1 EST to share exactly how I’m targeting short term cash winners from this ugly market. Claim your free RSVP to the broadcast right here.
____________________________________________________________________________________
Wednesday, April 9th
“One must still have chaos in oneself to be able to give birth to a dancing star.”
– Nietzsche
____________________________________________________________________________________
____________________________________________________________________________________
Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Down
🇺🇸 United States: Mixed
🛢️ Oil: Down
⚡Crypto: Down
____________________________________________________________________________________
Major Market Events
- Trump tariffs hike trade levies to a 100-year high
- Airlines and shippers pounce on oil plunge to lock in prices
- Bessent says Trump can likely reach tariff deals with US allies
🤔 My Thoughts
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.
That’s just the kind of week we’re in.
It reminds you of the old Yiddish proverb: “May you live in interesting times.”
And for traders like us, these times are seriously interesting.
While the markets have made some massive swings upwards, the overall bear trend continues. Announcements of trade deals with allies like Israel, Japan and South Korea have not been enough for a sustained rally – and for good reason.
The markets aren’t stupid. And when it comes to this global trade war there are 2 groups:
Every other country in the world. And China.
Global trade outside of China is important. But every major business model from virtually every major US stock that makes something other than software, is hopelessly intertwined with China.
And even if the Chinese leadership wants to make a deal, they can’t afford to look weak to the Chinese people. So we expect things to get worse before they get better.
They’ve ramped up their own retaliatory tariff of 84% against US companies – but that’s not the biggest weapon they’re deploying right now.
Many insiders believe that China is dumping hundreds of billions of US treasuries to force treasury yields higher, and damage their role as a safe haven while the US market crashes.
The US really wants these treasuries to have a lot of demand right now, depressing yields and lowering interest rates. China knows this, and is putting heavy pressure in the other direction.
Treasury Secretary Scott Bessent claims that the decline in treasuries is normal for a market like this… but we’ll see what the real fallout is in the next few days.
The market is ugly and we expect it to stay ugly – but that doesn’t mean traders have to bury their heads in the sand.
____________________________________________________________________________________
Testimonial of the day:
Ellen Z. about the Lazy Trader’s Club:
