Bad Medicine and Lots of Hope Priced In
Tuesday 8th April 2025
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Markets were momentarily excited earlier when it seemed that the President might be delaying tariffs for 90 days. Up to that point US equities were continuing to spiral lower, but newfound optimism that Trump might moderate his approach saw a swift reversal. When it emerged that the story was nothing but fake news and, if anything, the President was digging his heals in harder, markets didn’t immediately return to their session lows. NAB’s Tapas Strickland says part of that…
The skinny
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