Steno Signals #182 – Cutting Through the Trump Noise: A Massive Uniform Move Is Happening

812 Views27 Jan 2025 13:16

SUMMARY

Happy Sunday, and welcome to my weekly editorial on everything macro and markets.
We are now at the final innings of the inauguration week, and oh boy did it surprise and entertain right about everyone (including me).
From full-blown tariffs from the get-go being the base case, a Trump meme coin being launched into the week and a government sponsored Bitcoin reserve (or at least a clear reference to the crypto space during his first week) to barely any mentioning of crypto, no immediate tariffs on China and very accommodative policies on the fiscal side, which makes the 3% deficit target proposed by Scott Bessent look unrealistic at best.

Try Now

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

SMARTKARMA PREVIEW PASS

By signing up, you agree to our
Terms of Use and Privacy Policy.

Already have an account? Sign In Now

Discussions

(Paid Plans Only)

Insight Stream