The ‘Trump Put’ Makes an Entrance, Up to a Point
Key questions: Who is Trump listening to at any point, and what’s his state of mind?
How big a blink?
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Global markets have enjoyed something of a relief rally, as we now reach three weeks since Donald Trump launched his Liberation Day tariffs on an unsuspecting world. It seems to be about two things: The news that Trump has no intention of firing Fed Chair Jerome Powell, and that he intends to be “very nice” to China on trade.