TD Securities: Trade policy uncertainty could continue to weigh on U.S. economic growth, despite tariff pause. We believe the Fed will cut interest rates meaningfully this year.

EU Diplomats: EU considers pausing its countermeasures due on April 15 against US.

March CPI forecasts suggest core CPI at 3.0%, which would be a four-year low. While hard data appears solid on the surface, nobody cares because it’s seen as lagging, given we’re in the midst of a policy shock.

China to moderately reduce imports of US films -source(Chinese)

AAII Bears is now at 58.9%. This is the 7th straight week with over 50% bears, matching the record in October 1990, which was the bottom of that bear market.

WH Sr. Adviser Hassett: Conversations on China have not begun yet - CNBC interview

WH Sr. Adviser Hassett: The bond market contributed at least a little bit to the decision to pause tariffs

U.S. CPI: +2.4% YEAR-OVER-YEAR (EST. +2.5%)
U.S. CORE CPI: +2.8% YEAR-OVER-YEAR (EST. +3.0%)

CPI breakdown

US EGGS PRICES ROSE 60.4% COMPARED WITH A YEAR AGO: ANALYST

Inflation below expectations. DXY going sub 100. Global M2 surging.

Bank of England's Breeden: It is very unclear what overall landscape will be for tariffs in medium term. US tariffs are biggest change in trade policy in a century.

Russian Central Bank Gold/forex reserves $658bn in latest week vs $645.6bn in previous week.

Trump: Biggest Tax cuts in USA history are getting close -tweet

For the first time since May '20, inflation declined MoM. This will make it easier for the Fed to cut the FFR, which should be positive for growth stocks and crypto.

Estimates based on Central Bank of Turkey data show its official (CB + Treasury) gold reserves rose by 1 tonne in March, lifting total official gold reserves to 624 tonnes.

There is a reasonable probability that absent some resolution/clarity, transparency could be compromised. Companies tend to shut down guidance amid uncertainty - BofA Q1 earnings season preview

SPX down 2.44%
NDX down 2.6%

Bessent is a gold bug according to his own words. If they fire Powell, gold to $4000

Bitcoin falls under $81k down 2% on the day [BTFD]