Locator: 48452ARCHIVES.
Stocks sell off: I guess traders had not been following the news. It appears folks were unaware that Trump was going to place 25% tariffs on Mexican and Canadian products as of tomorrow; and, add another 10% in tariffs to the 10% he added to the existing 50% tariffs on Chinese goods. So much one could write but this is not an investment site so I cannot say more.
Stocks rising: after hours, investors piling back in.
TSMC: "the most powerful company in the world" -- Trump. TSM will invest another $10 billion in the US.
Oil: WTI settles at $68.83. OPEC+ blinks -- first output hike since 2022 shakes markets.
Oil: my journal entry for April 23, 2011, when we were out in Boston:
- Oil at $110. Gasoline at $4.00. Barack Obama clearly the worse president we have ever had. [Comment: no one ever imagined "a Joe Biden.]
Comment:
I find it absolutely amazing that in 2011 (the year 2011), WTI was $110 / bbl and fourteen years later, with inflation as bad as it has been the past few years, WTI is now below $70. This tells me that folks who talk about inflation have no idea what they're talking about.
For all the hysteria over tariffs, I don't think anyone knows how this will end.
Canadian energy firms most at risk with Trump's tariffs:
- Syntax Data
- TC Energy
- Enbridge -- could be severely impacted by tariffs.
- Suncor
- Parkland Corp
Tech, link here:
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