- The Trump administration seem to be serious about tariffs
- Market is still pricing this in
- Market needs to be lower for Fed to step in
- Other signs to watch are for deals to start to get made and selective tariffs to be rolled back
- Look for buying opportunities in US focused stocks
- China may be cheap for a reason
- Risk-off assets should be Gold and TIPS as inflation may remain a little sticky
- USD could sell off in the near term, though this may be an opportunity to get long for the next move