The Dividend Cafe Tuesday - April 15, 2025
Apr 15, 2025
Market trends take center stage with a slight dip in major indices following the tax deadline. The 10-year treasury yields remain steady, while stalled EU-US trade negotiations impact import prices. The New York Fed's Manufacturing Index reveals mixed signals for April, indicating ongoing structural volatility in the economy. The discussion dives into the implications of tariffs, dollar dynamics, and the possibility of returning to quantitative easing. A key focus is the distinction between cyclical and structural recessions, shedding light on their real consequence.
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Post-Tax Deadline Market Reacts
- Brian Szytel shares a market update on April 15th after the tax deadline with a minor market pullback.
- The Dow fell by one-third of a percent, S&P down slightly, and NASDAQ remained flat.
Trade Stalemate and Import Prices
- Trade talks between the EU and US stalled, impacting market momentum.
- US import prices for March declined slightly, which is unusual amid tariff impacts.
Manufacturing Index Indicates Recovery
- The New York Fed Empire State Manufacturing Index improved but stayed negative, signaling some manufacturing recovery.
- Expectations were negative 14.5, but actual was a less severe negative eight for April.