Quotes
Europe might be next, and even if the final outcome is benign, uncertainty could weigh on global investment,
Bank of America economists wrote in a BofA Global Research report The recent announcements of tariffs on Mexico/Canada and China (with some retaliation) have driven more volatility and uncertainty on the macro outlook,
Tactically we are worried about equity correction risk, which has picked up due to higher equity valuations, less friendly macro momentum and higher policy uncertainty,
Christian Mueller-Glissmann, managing director of portfolio strategy at Goldman, said in a note to clients It's hard to predict where this kerfuffle will end up: a sudden deal to remove these tariffs again can't be ruled out,
HSBC's chief Asia economist Frederic Neumann said in a note Add to that his controversial hand gesture and the reports of his access to data in the Treasury payment system, and it's not surprising that his own public support has been shown to be thinner rather than deeper,
The American people did not sign up for this. They voted in Donald Trump. They did not vote in Elon Musk. A key role for Musk in Trump's administration—you see this, 39 percent support; 53 percent, a clear majority, oppose. They don't want this. The American people don't want this."
Harry Enten, CNN polling analyst, said about a Quinnipiac University poll The ongoing operations of DOGE may be seen as disruptive by those entrenched in the federal bureaucracy, who resist change. While change can be uncomfortable, it is necessary and aligns with the mandate supported by more than 77 million American voters,
Musk has a verbal style similar to President Trump's, but he doesn't have the same level of devotion from the public, so more of what he says is going to turn people off rather than on,
This is new and was not on my bingo card,
wrote Goldman Sachs tactical specialist Scott Rubner wrote Trade War 2.0 is different from the US-China Trade War 1.0 enacted in January 2018 in terms of coverage as this time round it involves major trading partners of the US, on top of the ongoing US-China Tech War,
said OANDA senior market analyst Kelvin Wong
