The Milk Road Show

This Market Is Built on Hope (And That’s a Problem) w/ Lord Fed & Kyle Reidhead

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Apr 17, 2025
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INSIGHT

Deep Market Uncertainty

  • The current macro environment is deeply uncertain with extreme volatility and persistent liquidity problems in equities.
  • This uncertainty traps markets between aggressive tariff threats, unclear Fed guidance, and ongoing economic risks.
ADVICE

Trade Conviction Over Uncertainty

  • Do not try to trade uncertainty; lean into your conviction and make smaller trades during volatility.
  • Markets will still exist tomorrow or next month, so sit out when uncertain instead of forcing trades.
INSIGHT

Trump's Tariff Strategy Risks Stability

  • Trump's tariff strategy seems haphazard and is causing structural risks, especially US-China relations.
  • China acts maturely by holding back, while Trump's actions risk supply chains and macroeconomic stability.
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