What we’re reading (3/24)
“Dow Jumps Nearly 600 Points On Monday As Investors Hope Trump Softens Tariff Stance” (CNBC). “Stocks jumped Monday on optimism that President Donald Trump may hold back from implementing some of his wide-ranging tariff plans and so the U.S. could skirt an economic slowdown from a protracted trade war.”
“Trade War Explodes Across World At Pace Not Seen In Decades” (Wall Street Journal). “Barriers to open trade are rising across the world at a pace unseen in decades, a cascade of protectionism that harks back to the isolationist fervor that swept the globe in the 1930s and worsened the Great Depression. It isn’t just President Trump’s extensive new tariffs, which have set off a barrage of retaliatory measures across Europe, China and Canada targeting hundreds of U.S. goods. Even before Trump retook the White House, many countries were increasing trade barriers, often against China, as they tried to beat back a flood of electric cars, steel and other manufactured goods pressuring their homegrown industries. Now those efforts are proliferating as countries brace for a new wave of goods redirected across the globe by the U.S.’s rising tariff shield.”
“What Does Musk’s ‘Dexit’ From Delaware Mean For The Future Of US Business?” (The Week). “Delaware's capitalist-friendly approach to taxes and regulation has long made it a lynchpin of the American economy: More than 1.5 million businesses from around the world are incorporated in the state. But Elon Musk's ‘Dexit’ to Nevada could change all that, and state legislators are scrambling to respond.”
“This Timing System [Allegedly] Beats The Market Using The Calendar. Here’s What It Says Now.” (MarketWatch). “Currently, for example, the [Seasonality Timing System] STS has investors 100% in cash until March 27, after which you would remain fully invested in the U.S. stock market until April 7. Fosback’s system has been successful because the market’s best and worst days don’t occur randomly. Instead they tend to follow a calendar-based rhythm. This year provides a good illustration.”
“The Trump Administration Accidentally Texted Me Its War Plans” (The Atlantic). “U.S. national-security leaders included me in a group chat about upcoming military strikes in Yemen. I didn’t think it could be real. Then the bombs started falling.”
