> As a reflection of just how suddenly Wall Street analysts have had to scramble to adjust to reality, Standard Chartered’s (presumably pre-written) Sunday Macro Strategy note said that “broader tariff concerns have come off the boil slightly as Trump appears heavily focused on domestic issues in his first few weeks”. Whoops.
bleachinjection on
Womp, and *I cannot stress this enough* WOMP
murphysclaw1 on
Interesting how Barclays give a 45% chance to the courts preventing the tariffs:
> Courts stop the tariffs (45% probability): In our view, the most likely way that the tariffs do not take effect is if a court issues a temporary, emergency injunction that pauses their implementation. Trump’s use of IEEPA is unprecedented, opening it up for legal challenge. We understand that this concern has been voiced within the administration. The tariffs could be vulnerable because they are not narrowly targeted to address the fentanyl emergency, which is given as the justification.
3 Comments
> As a reflection of just how suddenly Wall Street analysts have had to scramble to adjust to reality, Standard Chartered’s (presumably pre-written) Sunday Macro Strategy note said that “broader tariff concerns have come off the boil slightly as Trump appears heavily focused on domestic issues in his first few weeks”. Whoops.
Womp, and *I cannot stress this enough* WOMP
Interesting how Barclays give a 45% chance to the courts preventing the tariffs:
> Courts stop the tariffs (45% probability): In our view, the most likely way that the tariffs do not take effect is if a court issues a temporary, emergency injunction that pauses their implementation. Trump’s use of IEEPA is unprecedented, opening it up for legal challenge. We understand that this concern has been voiced within the administration. The tariffs could be vulnerable because they are not narrowly targeted to address the fentanyl emergency, which is given as the justification.