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On today’s show, we discuss:
-
- Why Trump Blinked on Tariffs Just Hours After They Went Into Effect
- The Companies and Markets Hit Hardest by Trump’s Tariffs
- There’s No Coming Back From Trump’s Tariff Disaster
- What to Know About the U.S. Trade Imbalance, in Charts
- How the U.S. Lost Its Place as the World’s Manufacturing Powerhouse
- European travellers cancel US visits as Trump’s policies threaten tourism
- Bond Vigilantes
- Maybe You Should Sell Some Stocks
- Mike White Slams ‘White Lotus’ Composer Quitting: “A B**** Move, He Didn’t Respect Me”
Listen here
Recommendations:
- A Complete Unknown
- Civil War
- 1923
- The Pitt
- White Lotus
- Severance
- Your Friends and Neighbors
- Dope Thief
- The Studio
Charts:




























Tweets/Bluesky:
Hearing everyone’s thoughts 24/7 is the worst thing to happen to society since the mosquito.
— Michael Antonelli (@BullandBaird) April 11, 2025
$DXY US Dollar Index worst 2-week plunge since 2009 pic.twitter.com/jyv5uYFgvv
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) April 11, 2025
The outlook for new orders from NY Fed regional manufacturers literally hit the lowest level in the history of the survey. (HT: @fcastofthemonth) pic.twitter.com/vkbaVJTG4c
— Joe Weisenthal (@TheStalwart) April 15, 2025
BofA: Total card spending per household (HH), as measured by BAC aggregated credit and debit cards, was up 2.2% year-over-year (y/y) in March.
We forecast a robust March retail sales report. Mixed evidence on front-loading. No sign yet of negative wealth effects from stock…
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) April 11, 2025
Consumer sentiment among self-identified independents is now lower than it was at the low point of Biden's presidency, when gas prices and inflation were soaring, according to the latest University of Michigan survey. pic.twitter.com/93NTlvmMzu
— Nick Timiraos (@NickTimiraos) April 11, 2025
Market timing will never die bc humans but man it took one on the chin today. I have to imagine a lot more ppl just joined Vanguard's 'not changing course regardless of what i see or hear' camp. COVID rally did same thing- which could be why the inflows seem to get stronger with…
— Eric Balchunas (@EricBalchunas) April 9, 2025
60% of general admission ticket buyers at Coachella used Buy-Now-Pay-Later to finance their tickets, per Billboard.
— unusual_whales (@unusual_whales) April 14, 2025
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