Friday Note: The Biggest Takeaway From The Trump Tariff Reversal
Pausing tariffs doesn’t erase the cloud of uncertainty that’s been hanging over markets since February
Trump’s midweek tariff pause sparked a huge rally, and just as quickly, a lot of those gains slipped away. That’s no surprise. Pausing tariffs doesn’t erase the cloud of uncertainty that’s been hanging over markets since February. Until that uncertainty clears, any talk of a real bottom is premature.
Still, Trump’s move carries meaningful significance. It confirmed the presence of a “Trump Put” — a clear signal that if market conditions deteriorate enough, he’s willing to back off. While this doesn’t necessarily bring the current pullback to an end, it meaningfully reduces the risk of a full-blown collapse (specifically, the S&P 500 plunging into the low 4,000s or even high 3,000s, a scenario that was becoming increasingly plausible if reciprocal tariffs had remained in force long term).
Bottom line: the tariff pause won’t fuel a lasting rally — but it pulled markets back from the edge of disaster. That’s what investors are reacting to.
And remember - The one fact pertaining to all conditions is that they will change.
Feel free to use me as a sounding board.
Best regards,
-Kurt
Schedule a call with me by clicking HERE
Kurt S. Altrichter, CRPS®
Fiduciary Advisor | President
Email: kurt@ivoryhill.com | ivoryhill.com
Trump is a criminal. He is completely unconcerned about the well fare of the country, the world, and anyone other than himself. Don’t make this all so complicated. He is just a criminal doing whatever seems like the easiest way to get more for himself, by any means necessary. Ignore what comes out of his mouth, because it’s just smoke to him, and he will say whatever seems like the best thing at the moment to get away with something. People who are not criminals have such a hard time understanding this. I worked with criminals for 17 years, and I finally quit because it was just too hard to wrap my head around what they were willing to do. If you don’t understand what he is doing, that is a good thing, it means you are not a criminal. Watch the people who suck up to him and hang around him, they are also criminals. None criminal people get sick of it, sooner or later. Like I say, not so complicated. Don’t elect criminals to positions of authority, they will abuse that authority.