Chris Becker

A possible change in sentiment from the Trump regime towards China gave Wall Street a boost on Friday night with the TACO trade now in full swing.

A sea of red across Asian share markets in the last session of the trading week in response to the slip on Wall Street overnight, largely due to overstretched financials as they try to absorb the folly of the Trump regime’s tariff campaign.

Wall Street was slammed lower mainly led by financials but also small stocks as trade war tensions are keeping most risk markets contained.

Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight.

Wall Street is trying to continue its rebound from its Friday night slump while navigating a speech by Fed Chair Powell as other risk markets are still expecting another TACO trade setup when the Fat House eventually capitulates.

Asian share markets are still stumbling following some potential progress on the rare earth US-China trade war while local economic releases and the latest RBA minutes are not really supporting more rate cuts for now.

Wall Street was able to rebound from the Friday night slump with all markets expected another TACO trade setup in the latest bruhaha with the Chinese over rare earth exports.

Wall Street was sent significantly lower on Friday night as the Trump regime was played again by the Chinese in the ongoing trade war, with another TACO trade brewing.

Please note this is the last Macro Morning/Afternoon report for a month or so as I’m off on holiday – good luck, markets always get juicy when I’m away!