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Friday, April 4th
“The battlefield is a scene of constant chaos. The winner will be the one who controls that chaos, both his own and the enemies.”
-Napoleon Bonaparte
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Down
🇺🇸 United States: Down
🛢️ Oil: Down
⚡Crypto: Up
💲10Y T-Note Yield: Down
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Major Market Events
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GM to increase US truck production following Trump’s tariffs
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Brazil gunmaker Taurus sees US plant as key to minimizing tariff hit
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Philip Morris International, maker of Zyn, rises because of Colorado factory
🤔 My Thoughts
The world is pissed at the US right now…
But we’re still the global reserve currency. And we’ve talked before about how the US stock market is really the global reserve store of value.
And as the stock market goes absolutely haywire… where do global investors turn?
Well the Asian and European markets are going just as haywire as the US market…
So they turn to US Treasuries.
There’s a certain irony of people raging against tariffs as harmful to the US…
As people rush into US government bonds as a safe haven. It’s nice to be the biggest kid on the playground.
And so while we expect stocks to be extremely uncertain for weeks if not months to come…
US treasuries are the only game in town. And as people buy them up, the yield goes down… and because most mortgages and car loans are tied to the 10 year treasury yield… that means cheaper car and home purchases for many Americans.
We’re not going to pretend that this is great for the markets… but there are a lot of silver linings here, especially for lower and middle class people who care a lot more about car and house prices than the stock market.
Stocks to watch include REITs and home builders and any other industries that are extremely sensitive to treasury yields.
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💥The Wealthpin Morning Magic💥
Every morning Monday-Friday at 9 AM EST, I’m going live for “The Wealthpin Morning Magic” stream. We will talk about:
– Daily market levels
– Macro news
– My favorite ticker setups
– And much more!
Click this link every morning at 9 AM to join me in Zoom!
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Testimonial of the day:
Matthew about the Calendar Club:
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