It's being viewed as a watershed, historic moment for global trade. The US Liberation Day tariffs have certainly shaken up financial markets. In the immediate aftermath, investors have lost confidence in the US dollar, which has come under pressure across the board—particularly against other major currencies, which are being seen as attractive...
Yesterday, President Donald Trump announced his "Liberation Day" tariff strategy, introducing a universal 10% tariff on all imports, with higher rates for specific countries.
Despite Commerce Secretary Howard Lutnick’s claim that President Trump “won’t back off,” several pressures could still force a reversal before their April 9 implementation.
Markets have...
This analysis is provided by Eden Bradfeld at BlackBull Research.
Kering is trading under the 200 EUR mark, at 190 EUR per share. That’s roughly 1.57x price/book and 1.4x price/sales.
Remember — Kering not only owns Gucci, but also Bottega, Saint Laurent, Balenciaga, McQueen, Brioni, Boucheron, etc. It is not a one trick pony. Mr. Market hated Demna’s...
We are less than hour out from the Liberation Day tariff announcements. The U.S. is preparing to roll out reciprocal tariffs on all countries, with rates set at 10%, 15%, and 20%, according to Sky News.
Investors hoping for certainty may be disappointed—this could mark the start of a longer phase of trade battles.
Mexico, once again, is reading the room....
In addition to tariff rumors, reports, and retaliations, this week’s Nonfarm Payrolls (NFP) could add even more volatility to markets.
Gold continues to hit record-high after record-high (best quarterly performance since 1986), could be the most important asset to watch.
The market consensus expects the US economy to have added 128,000 jobs in March, down...
This analysis is provided by Eden Bradfeld at BlackBull Research.
The stock market doesn’t really give a damn about what you think. It’s unemotional. DIS or META does not care about your feelings about them, believe it or not. You should be excited that stocks are on sale. If they are on sale even more, you should be even more excited.
You should see it as a...
The Reserve Bank of Australia should cut rates today, argues James Glynn in the Wall Street Journal .
Markets, however, expect the central bank to wait until May for its next move. RBA Governor Michele Bullock remains cautious, citing lingering inflation.
But Glynn contends that global uncertainty now outweighs the RBA’s desire to wait for marginal...
Reactions are emerging following the U.S. announcement of a 25% import tax on foreign made cars.
The tariffs target approximately $217 billion in annual vehicle imports. The largest contributors are Mexico (23%), Japan (18%), South Korea (17%), and Canada (13%).
Mexico is seeking an exemption. Mexico’s Economy Minister Marcelo Ebrard said negotiations are...
This analysis is provided by Eden Bradfeld at BlackBull Research.
One of the things I find interesting is that a lot of people say “why do you like booze stocks so much Eden” and yet many of these same people are at the pub, or buying En primeur from Glengarry Wines. The short answer is — I like stocks that trade at multi-year lows with a predictable product....
A round of discouraging survey data out of the US on Tuesday has fueled more selling of the US dollar as the market prices in increased odds for recession. Philly Fed services and consumer confidence polls plunged to post-pandemic lows, while consumer expectations faltered on worry over personal finances. US equities, on the other hand, remained in demand—perhaps...
President Trump will announce new tariffs on auto imports during a press conference in the Oval Office at 4 p.m. ET, according to White House press secretary Karoline Leavitt.
The headlines have weighed heavily on EUR/USD, pushing the pair to multi-week lows (now below 1.0750). However, it is hard to find sources that indicate that the tariffs announced today...
Israel is sending a delegation to Washington for strategic talks on Iran, while Trump has reportedly given Tehran a two-month deadline for a nuclear deal—so far, Iran isn’t engaging.
So, the question is: Are we headed towards military conflict or a significant wave of sanctions?
Meanwhile, protests erupted after Erdoğan’s main rival was arrested, triggering...
As expected, Powell reiterated that the Fed is in no rush to adjust rates, and the labour market is stable.
He also reaffirmed the Fed’s reliance on hard data over sentiment and the approach of slowing balance sheet reduction.
What’s different this time:
Inflation & tariffs: Powell acknowledged that recent inflation upticks may be tariff-driven, delaying...
Gold is now up 15.57% in 2025 after gaining 27.2% in 2024.
If the current momentum continues, traders may target the upper parallel trendline near $3,060 and rising.
Safe-haven demand is a key driver of this rally, but what could disrupt it?
For one, U.S. President Donald Trump and Russian President Vladimir Putin spoke for 90 minutes today, agreeing on...
Gold remains in high demand as a safe-haven asset, currently trading at $2,998.7 per ounce.
Why the need for a haven? Here’s an update:
A ceasefire in Ukraine hinges on some unpalatable conditions. Donald Trump has announced plans to speak with Vladimir Putin on Tuesday, saying that land and power plants are part of the negotiations. Reports suggest his...
We've seen an extension of US dollar weakness in recent sessions, partially on the back of deteriorating consumer sentiment in the US and perhaps partially due to the risk-on reaction to the US avoiding a government shutdown.
Elsewhere, it finally looks like the Greens have backed up Germany's massive fiscal plans, which has been helping to keep the Euro...
The USD/MXN has fallen over 2.5% in the past five trading sessions, dropping below 19.9 per USD for the first time since November 2024.
Two key factors could be driving this move:
1.
Investor distrust in the U.S. dollar – Market confidence is weakening due to Trump’s inconsistent tariff threats and other unpopular policies.
In contrast, the Sheinbaum...
This analysis is provided by Eden Bradfeld at BlackBull Research.
I’ve written a lot about WarnerBrothersDiscovery, and I’ve talked about it a lot in this newsletter.
Long story short — giant monolith formed by the merger of Discovery and the spun-out Warner assets of AT&T³.
The big issue was debt. They’ve managed to pay off a lot of debt — the company’s...
