Tariffs, debt risks evaporate, equities march on

Show notes

Markets shrugged off a wave of new US tariffs this week — including eye-popping 50% duties on copper and Brazilian goods — with major indices like the S&P 500 hitting fresh all-time highs. From strong airline earnings to a boost in AI enthusiasm led by Nvidia, investor optimism stayed intact despite growing geopolitical and economic headwinds. We also look at how the US dollar is reacting to shifting debt and tariff expectations, what’s driving Japanese government bonds ahead of the Upper House elections, and why oil prices remain under pressure even with rising Red Sea tensions and fresh threats of sanctions on Russian crude. Plus, with earnings season just days away, we explore how lower growth expectations and a weaker dollar might set the stage for upside surprises. Are markets due for a reality check — or is this rally still gaining traction?
Listen to find out more!