Ay, Caramba! Trump's Tariffs Tango Leaves Wall Street in a Siesta!

The Whispers of Wall Street a Cat Nap!

Hola mis amigos! Puss in Boots here your favorite swashbuckling economist! The news from Wall Street is... well it's about as exciting as watching paint dry. President Trump bless his comb over decided to crank up the tariffs again. You'd think the market would react like a cornered gato but instead it just blinked and went back to sleep. It appears that Trump's tariffs are as effective as my innocent routine against a seasoned milk drinker.

Wells Fargo's Wisdom: Don't Panic Amigos!

The wise hombres at Wells Fargo led by a certain Paul Christopher say these tariffs are like a rogue hairball: annoying but not worth leaping off the roof about. "They remain material risks," he says sounding as dramatic as I do when I'm begging for a saucer of leche. However they suggest sticking to the status quo not chasing after ephemeral victories or fleeing at the sign of first difficulty a skill that would be really helpful in my line of work.

Range Trading? Sounds Like a New Dance Craze!

Apparently the market is stuck in what they call "range trading." I thought that meant a fancy new tango step but alas it just means stocks are going nowhere fast. They are going back and forth like a yarn ball in front of a kitten but never really getting anywhere. As fascinating as watching me chase a laser pointer but far less rewarding.

S&P 500: The Cat That Always Lands on Its Feet... Sort Of

The S&P 500 did its best impression of me after a ten story fall. It wobbled it swayed it nearly crashed but then it pulled itself together dusted itself off and closed the day only slightly worse for wear. It seems my friends that the markets are becoming resistant to the president's actions!

Liberation Day? More Like Limitation Day!

Ah Trump's "Liberation Day." More like "Limitation Day," if you ask me. The S&P 500 has fallen for four straight days but like myself after a night of heavy celebrating is still somehow standing. Edward Jones' Angelo Kourkafas believes that traders may be "getting insensitive to the constant stream of headlines." Perhaps traders have developed an immunity to panic inducing news?

Concrete Deals or Just Hot Air?

Kourkafas echoes the idea that stocks could be range bound as the tariff negotiations drag into the summer claiming that we're going to need more concrete deals to see further gains. Otherwise amigos we're just spinning our wheels! As I always say 'When you fight dirty you gotta fight dirtier!' But maybe someone should tell that to the negotiators... or maybe I will. After a nice nap of course. Adios!