Bloomberg Businessweek

A "Rip Your Face Off Rally"

Apr 9, 2025
Vincent Cignarella, a macro strategist at Bloomberg News, joins Brent Schutte from Northwestern Mutual and Danielle DiMartino Booth, CEO of QI Research, to dissect a massive stock market rally spurred by tariff pauses. They explore the intricate volatility echoing historical trends, discuss the cautious optimism of corporate leaders, and analyze shifting global investment strategies under geopolitical tensions. The trio unpacks the implications for U.S. markets and the bond landscape, all while navigating the complexities of current economic dynamics.
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ANECDOTE

1980s Market Volatility

  • Vincent Cignarella described the volatile 1980s trading environment.
  • Currencies like the German mark fluctuated wildly, making and breaking fortunes quickly.
INSIGHT

Wall Street vs. Main Street

  • Wall Street's reaction to the tariff pause differs from Main Street's.
  • Main Street needs to consider tariffs' impact on earnings and supply chains.
INSIGHT

Mnuchin's Leadership

  • Mnuchin's leadership in trade negotiations is encouraging for investors.
  • His plan to form an alliance against China could pressure China to negotiate.
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