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On today’s show, we discuss:
- Trump Advisers Took Advantage of Navarro’s Absence to Push for Tariff Pause
- Risk of financial panic tempers
- Thoughts from the Past Two Weeks
- Trade Negotiations Take Time
- How do you like me now?
- Trump Is Laying the Groundwork to Blame Powell for Any Downturn
- Millions of Americans Blocked From Accessing Their Home Equity
- Zillow turns full-blown housing market bear–just look at its new forecast
- Private Equity World Engulfed by Perfect Storm
- AMEX earnings
- NFLX earnings
- IMAX earnings
- A $145,000 Mudroom With Storage, Seating and a Sink to Clean Your Corgi
Listen here
Recommendations:
- Black Mirror
- The Last of Us
- The Order
- Remember the Titans
- The Four Things That Matter Most by Ira Byock
- Warfare
- Sinners
- Your Friends and Neighbors
Charts:
Tweets/Bluesky:
Thousands, and then millions, of American small businesses, including many iconic brands, will go bankrupt this year if the tariff policies on China don’t change.
🧵
— Ryan Petersen (@typesfast) April 17, 2025
Many truckers I've spoken with don't realize how quickly container volumes have collapsed.
Starting in May, port freight out of California will be almost eliminated.
Its going to be a bloodbath in dray, followed by intermodal, and then a collapse in I-20 & I-40 trucking. https://t.co/q0JFZg2Lbr
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) April 18, 2025
The S&P 500 is underperforming the MSCI All Country World Ex-US Index by the most in 32 years. Via @DavidInglesTV pic.twitter.com/9Dom60mdcO
— Lisa Abramowicz (@lisaabramowicz1) April 21, 2025
We can hedge if we want to.. Our 'Safety Dance Index' (flows into gold, treasuries and low vol stocks) is showing one of its highest readings in April.. first real sign of nerves in ETFs flows. That said, VOO & Co still hauling in the cash = I think ppl DCA-ing but also adding… pic.twitter.com/h9TEGHDHdI
— Eric Balchunas (@EricBalchunas) April 21, 2025
Bitcoin is NASDAQ denominated in a basket of global currencies, not USD, and USD is collapsing https://t.co/TWlAV3Ue45
— Benn Eifert 🥷🏴☠️ (@bennpeifert) April 21, 2025
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