According to The Kobeissi Letter, the Trade Policy Uncertainty Index has surged to new record highs, reaching levels three times higher than during the Trump Trade War 1.0. This heightened uncertainty poses significant challenges for market stability, especially as inflation rebounds.

According to The Kobeissi Letter, the Trade Policy Uncertainty Index has surged to unprecedented levels, now standing three times higher than the peak during the Trump Trade War 1.0. This heightened uncertainty poses a significant challenge for markets, especially amidst rising inflation pressures.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index has surged approximately 25% above the previous high set during the Trump Trade War 1.0. This increase coincides with a 10.5% decline in the S&P 500 over six weeks, marking a correction phase and erasing $3 trillion in market value over four trading days. This heightened uncertainty may impact market volatility and investor sentiment, affecting trading strategies and risk assessments.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index has risen to levels approximately 25% higher than during the peak of the Trump Trade War 1.0. This increase in uncertainty has coincided with the S&P 500 declining by 10.5% over the past six weeks, entering correction territory and resulting in a market value loss of $3 trillion over just four trading days.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index is now approximately 25% higher than during the Trump Trade War 1.0 peak. This heightened uncertainty has coincided with a significant drop in the S&P 500, which is down 10.5% over six weeks, entering correction territory and resulting in the erasure of $3 trillion in market value over just four trading days. Traders should closely monitor these developments as they may signal further volatility in the market.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index is now approximately 25% higher than during the Trump Trade War 1.0 peak. As a result, the S&P 500 has experienced a significant decline of 10.5% over the past six weeks, officially entering correction territory and erasing $3 trillion in market value over just four trading days. This increase in uncertainty could lead to further volatility in the financial markets, affecting trading strategies and investor sentiment.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index has risen to a level approximately 25% above its previous high during the Trump Trade War 1.0. The S&P 500 has experienced a decline of 10.5% over the past six weeks, placing it in correction territory and resulting in a market loss of $3 trillion within just four trading days. This situation indicates heightened market volatility and potential trading opportunities for risk-averse and short-selling strategies.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index has reached a level 25% above its previous high during the Trump Trade War 1.0, leading to significant market volatility. The S&P 500 has dropped by 10.5% over the past six weeks, entering correction territory and resulting in a $3 trillion market capitalization loss over just four trading days.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index has surged to a level approximately 25% higher than the peak during the Trump Trade War 1.0. This heightened uncertainty has coincided with a significant market reaction, as the S&P 500 has fallen by 10.5% over a six-week period, entering correction territory and resulting in a $3 trillion loss in just four trading days.

According to @KobeissiLetter, the US Trade Policy Uncertainty Index is now approximately 25% higher than during the peak of the Trump Trade War 1.0, marking an unprecedented situation. This surge in uncertainty has coincided with a 10.5% drop in the S&P 500 over six weeks, pushing it into correction territory and erasing $3 trillion in market value within four trading days. Such heightened uncertainty could continue to affect market volatility and investor sentiment.

According to The Kobeissi Letter, the US Trade Policy Uncertainty Index has risen to levels approximately 25% above those seen during the Trump Trade War 1.0, marking an unprecedented point in history. The S&P 500 has experienced a significant decline of 10.5% over six weeks, entering correction territory and resulting in a $3 trillion market capitalization loss over just four trading days. This development signals heightened volatility and risk in US markets, which traders should closely monitor for potential impacts on investment strategies.

According to The Kobeissi Letter, the US Trade Policy Uncertainty Index has surged to levels approximately 25% higher than those seen during the Trump Trade War 1.0. This development has coincided with a significant market downturn, as the S&P 500 has declined by 10.5% over the past six weeks, entering correction territory and wiping out $3 trillion in value over just four trading days. Traders should monitor these indicators closely as they could signal further volatility in equity markets.

According to The Kobeissi Letter, tariffs have historically led to increased prices, affecting inflation rates. During Trump Trade War 1.0, Personal Consumption Expenditures (PCE) prices in nine impacted categories rose by 4%, while non-tariff impacted categories saw a decrease of 2%. This historical trend suggests that tariffs will drive inflation higher, particularly affecting trading strategies in Q2 2025.

According to The Kobeissi Letter, tariffs have historically led to price increases being passed on to consumers, which could fuel inflation. During the Trump Trade War 1.0, PCE prices in nine tariff-impacted categories rose by 4%, while non-tariff categories saw a 2% decline. This historical data suggests that inflation may run hot in Q2 2025, influencing trading decisions in sectors affected by tariffs.

According to The Kobeissi Letter, physical gold buying in the US has reached depression-like levels, with inventories increasing over 100% year-to-date and gold prices hitting $3,100/oz. The surge is attributed to tariff uncertainty exceeding levels seen during Trump Trade War 1.0, which could have significant implications for traders focusing on gold markets.

According to @KobeissiLetter, there is a significant increase in physical gold buying in the US, resembling depression-era levels. Physical gold inventories have increased by over 100% year-to-date, with gold prices reaching $3,100/oz. This trend is occurring amid tariff uncertainties surpassing those experienced during the Trump Trade War 1.0.