🚨UOB economist Ho Woei Chen: Despite the robust first-quarter GDP, UOB downgrades its full-year GDP growth forecast for China to 4.3% from 4.7%, citing the escalation of US-China tariffs.
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🚨Japan's government pension fund says has switched its foreign equities investment benchmark to exclude domestic Chinese shares
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🚨Republicans reconsider their commitment to tax cuts for the rich in Trump agenda bill - NBC Reporter on X.
🚨YOU ARE NOT BULLISH ENOUGH: DXY down, gold ATH, uncertainty index higher than during Covid, trade war escalating, short term inflation expectations UP, EMs imploding, China easing and dumping USTs to keep the Yuan afloat, EU easing, the Fed about to ease, US sentiment at risk off extreme, stablecoins at ATH, doomsayer loudness ATH. BTFD!
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🚨Fitch Ratings has sharply lowered its forecasts for world growth in response to the severe escalation in the global trade war
Fed’s Hammack: Consumers and businesses have grown more cautious, paused some spending in light of increased uncertainty. If the economy should falter and inflation decline, then it may be appropriate to ease policy by lowering the federal funds rate from its current level of 4-1/4 to 4-1/2 percent, perhaps even quickly.
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BNY: Weak Dollar a buying opportunity for long-term investors. Institutional investors have been increasing their dollar positions, reversing hedges placed for a weaker greenback.