This episode explores how President Trump may respond to negative court rulings and derogatory labels like 'TACO.' The discussion suggests Trump could escalate tariffs and trade measures via executive authority, likely increasing short-term market volatility. The hosts advise investors to buy dips, citing signals from their quantitative models that favor risk assets—especially equities, gold, Bitcoin, and cyclicals—over defensive assets and the USD. They highlight near-term liquidity, volatility, and fiscal risks, but expect US equities' next big move to be higher. The episode also answers a listener’s question about the merits of raising the Fed’s inflation target, arguing it could benefit wage growth and credit access for lower-income Americans.
The Macro Minute with Darius Dale