Offshore
Photo
The Kobeissi Letter
Here's exactly what happened with tariff exemptions:
The White House published a note titled "Clarification of Exceptions Under Executive Order 14257" on April 11th.
Certain goods were apparently NEVER supposed to be subject to the "reciprocal tariffs" announced on April 2nd.
Most media outlets thought the April 11th "clarification" posted by the White House was a new list of exemptions.
But rather, these goods were never actually intended to be subject to 145% tariffs.
This also explains why "refunds" will be dated back to April 5th on these goods, essentially classifying this as an enforcement error, not a policy reversal.
On top of this, Trump is saying the "fake news" is refusing to report the truth.
But, it appears that the news and most investors, along with customs enforcement themselves, never truly understood what was being tariffed to begin with.
This was a complete misunderstanding by almost everyone involved.
tweet
Here's exactly what happened with tariff exemptions:
The White House published a note titled "Clarification of Exceptions Under Executive Order 14257" on April 11th.
Certain goods were apparently NEVER supposed to be subject to the "reciprocal tariffs" announced on April 2nd.
Most media outlets thought the April 11th "clarification" posted by the White House was a new list of exemptions.
But rather, these goods were never actually intended to be subject to 145% tariffs.
This also explains why "refunds" will be dated back to April 5th on these goods, essentially classifying this as an enforcement error, not a policy reversal.
On top of this, Trump is saying the "fake news" is refusing to report the truth.
But, it appears that the news and most investors, along with customs enforcement themselves, never truly understood what was being tariffed to begin with.
This was a complete misunderstanding by almost everyone involved.
tweet
Offshore
Photo
The Kobeissi Letter
The Kobeissi Letter for the week of April 14th has been published and may be viewed through the link below:
https://t.co/6TDuawjZAN
The Chart of the Week for the week of April 14th has been published. View or sign up for FREE through the link below:
https://t.co/jCCx3iSLbJ
tweet
The Kobeissi Letter for the week of April 14th has been published and may be viewed through the link below:
https://t.co/6TDuawjZAN
The Chart of the Week for the week of April 14th has been published. View or sign up for FREE through the link below:
https://t.co/jCCx3iSLbJ
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: S&P 500 futures open just 50 points higher after the “tariff exemptions” headlines. https://t.co/XSUfTM29yK
tweet
BREAKING: S&P 500 futures open just 50 points higher after the “tariff exemptions” headlines. https://t.co/XSUfTM29yK
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: S&P 500 futures pare gains and fall below 5,400.
Now up just +35 points after the “tariff exemptions” this weekend.
We may see futures red by the morning. https://t.co/PdyXD4w2LL
tweet
BREAKING: S&P 500 futures pare gains and fall below 5,400.
Now up just +35 points after the “tariff exemptions” this weekend.
We may see futures red by the morning. https://t.co/PdyXD4w2LL
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: The 10Y Note Yield rises back above 4.50% at the open.
The bond market is in control. https://t.co/sfPGBjEWvr
tweet
BREAKING: The 10Y Note Yield rises back above 4.50% at the open.
The bond market is in control. https://t.co/sfPGBjEWvr
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: Apple, $AAPL, opens +7% higher in overnight trading. https://t.co/JSW0Hurtgy
tweet
BREAKING: Apple, $AAPL, opens +7% higher in overnight trading. https://t.co/JSW0Hurtgy
tweet
Offshore
Photo
The Kobeissi Letter
Tariffs on semiconductor and electronic imports were "reduced" from 145% to 20%.
Meanwhile, S&P 500 futures are up just 30 points right now.
Investors have lost all confidence in this market. https://t.co/WYb57V2bZC
tweet
Tariffs on semiconductor and electronic imports were "reduced" from 145% to 20%.
Meanwhile, S&P 500 futures are up just 30 points right now.
Investors have lost all confidence in this market. https://t.co/WYb57V2bZC
tweet
Offshore
Photo
Finding Compounders
François Rochon runs Giveryn Capital which has returned 15.7% annually since 1993.
Here is an article he wrote about why Timing the Market doesn’t work https://t.co/nXAimoRqGm
tweet
François Rochon runs Giveryn Capital which has returned 15.7% annually since 1993.
Here is an article he wrote about why Timing the Market doesn’t work https://t.co/nXAimoRqGm
tweet
Offshore
Photo
Finding Compounders
The outcome of James O'Shaughnessy’s research .
“Perhaps the most compelling strategy for delivering attractive long term returns came from value investing.” https://t.co/pvL7TLgfq6
tweet
The outcome of James O'Shaughnessy’s research .
“Perhaps the most compelling strategy for delivering attractive long term returns came from value investing.” https://t.co/pvL7TLgfq6
tweet