Maggie Lake Talking Markets
Episode 51: Is The Worst Of The Trade War Over? With Rupert Mitchell
May 13, 2025
Rupert Mitchell, an insightful writer known as The Blind Squirrel on Substack, dives into the impact of the US-China trade detente, suggesting the worst might be over. He explores potential causes for the next bond market upheaval and shares his thoughts on private equity, energy, and commodities. Rupert also discusses the rise of driverless cars and the evolving Canadian energy landscape, emphasizing new investment opportunities and the challenges of geopolitical complexities.
37:52
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Quick takeaways
- The recent suspension of tariffs between the U.S. and China has induced significant stock market gains, particularly impacting the Nasdaq index positively.
- CEO confidence is crucial for employment and spending decisions, affecting economic sentiment amidst uncertain long-term effects of the trade war.
Deep dives
Market Reactions to Trade War Developments
The reaction of financial markets to the recent suspension of tariffs between the U.S. and China was notably positive, with major stock indices experiencing significant gains. The Nasdaq rose approximately 4.35%, indicating widespread investor enthusiasm. This surge in equities is seen as a reaction to the hope that trade tensions might ease, although there are questions about the sustainability of this optimism given the complexities of international trade relations. The discussion emphasizes that although a short-term trend shift may be underway, long-term impacts of the trade war remain uncertain, particularly regarding ongoing tariffs.
