by Mark Chandik | Apr 21, 2025
As we approached the early April selloff, much of the data suggested that economic activity was expanding. Let’s examine two important pieces of data. Led by a 5.3% surge in auto sales, retail sales rose a strong 1.4% in March. While some buyers were hoping to jump in...
by Mark Chandik | Apr 14, 2025
On Wednesday, President Trump put reciprocal tariffs on hold for 90 days (except China), fueling the third-best daily gain (9.5%) in the S&P 500 Index since WWII, according to Bloomberg. On Thursday, the president said the pause could be extended. However, a...
by Mark Chandik | Apr 7, 2025
Reciprocal tariffs were announced Wednesday afternoon. In most cases, they are far higher than expected and varied considerably. Vietnam at 46%, the European Union at 20%, China at 54% (20% existing + 34% reciprocal), and the United Kingdom at 10%, according to the...
by Mark Chandik | Apr 4, 2025
Two days ago, the White House announced massive tariffs on virtually every other country. Here are a few thoughts, in no particular order and written with our best effort at restraint, on one of the largest tax hikes in U.S. history: The odds of a recession are...
by Mark Chandik | Mar 31, 2025
Over the past month, we have approached the issue of tariffs from the market’s perspective, specifically that of investors. Let’s take a different approach today. We’ll examine the issue from the perspective of domestic manufacturers and manufacturing workers....
