{"id":1535548,"date":"2025-05-12T12:10:00","date_gmt":"2025-05-12T16:10:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1535548"},"modified":"2025-05-12T12:10:00","modified_gmt":"2025-05-12T16:10:00","slug":"financial-medias-tariff-incontinence-a-retrospective","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/financial-medias-tariff-incontinence-a-retrospective\/1535548\/","title":{"rendered":"Financial Media’s Tariff Incontinence: A Retrospective"},"content":{"rendered":"

Financial Media’s Tariff Incontinence: A Retrospective<\/span><\/p>\n

\n

Submitted by QTR’s Fringe Finance<\/a><\/em><\/p>\n

Remember just one month ago when the media was acting like tariffs were a guarantee of 100 years of famine, plague and pestilence? Well tomorrow the stock market is going to be well on its way toward all-time highs, again.<\/p>\n

Tom Lee will look like a genius and bears will look like morons. You know the drill. Stop me if you\u2019ve heard this one before.<\/p>\n

My readers will remember that just about a month ago, after \u201cLiberation Day,\u201d I made the case that the mainstream financial media\u2019s panic and histrionics over President Trump\u2019s tariffs were equal parts embarrassing and pointless.<\/p>\n

I argued the age-old point that\u00a0\u201cyou can\u2019t make an omelette without breaking some eggs\u201d<\/em>\u00a0and that the discomfort making these so-called \u201cfinancial professionals\u201d squirm in their seats\u2014and even audibly cry out for help\u2014was actually proof that what President Trump set out to do, recalibrate the world stage and redefine how people think about global trade, was\u00a0working.<\/em><\/p>\n

In fact, I titled my article accordingly.<\/p>\n

<\/a><\/p>\n

Your Discomfort Means It’s Working<\/a><\/h2>\n

I thought the media\u2019s behavior was ridiculous for a couple of reasons. First, as I said, how can anyone expect meaningful change without experiencing some temporary discomfort? Second, I found it downright embarrassing how the slightest downtick in the stock market\u2014a market that has arguably been overvalued for decades\u2014immediately sent analysts and media personalities into a full-blown panic over tariffs\u00a0before they even went into effect,<\/em>\u00a0and certainly before we\u2019d had any chance to negotiate deals.<\/p>\n

<\/a><\/p>\n

My stance was simple:\u00a0\u201cEverybody calm the hell down and let\u2019s just wait and see what happens.\u201d<\/em>\u00a0I found it hilarious that people acted as though these tariffs would remain in place for eternity and that the seeds of America\u2019s demise had already been sown for the next hundred years.<\/p>\n

I wrote at the time:<\/p>\n

America was a country founded by rugged individuals, but there\u2019s nothing rugged about throwing a fit because your NASDAQ investment, up 150% over the last 5 years, is down 5% today \u2014 especially when the \u201cproblem\u201d likely will be resolved to some degree within a matter of weeks, if not months.<\/p>\n

I argued that patience was in order\u2014and that, given time, deals would start falling into place.<\/p>\n

And lo and behold, that\u2019s exactly what\u2019s happening. While final, fully inked deals haven\u2019t yet crossed the finish line, we\u2019ve already held constructive talks with Canada and have a framework in place with the United Kingdom. Negotiations continue with countries like India and Japan, who I originally expected would be among the first to reach agreements.<\/p>\n

But the biggest surprise came this weekend, when, after barely\u00a0two days<\/em>\u00a0of negotiations, the United States and China appear to have agreed on a framework for a trade deal. To quote Agent Paul Smecker:\u00a0\u201cCNBC, we\u2019ll start the ass kissing with you.\u201d<\/em><\/p>\n

<\/a><\/p>\n

Like everyone else, I assumed China would be the toughest nut to crack and the last to make a deal\u2014not only because they\u2019re seasoned negotiators, but also because they represent a massive portion of America\u2019s imports. And trust me, I was just as skeptical as anyone about the Trump administration\u2019s Sunday claim that things were going well\u2014until<\/em>\u00a0I saw Chinese officials echo those very same sentiments.<\/p>\n

<\/a><\/p>\n

While a finalized deal isn\u2019t 100% complete yet, both sides have come forward with statements that can only be described as optimistic.<\/p>\n

At this point, it\u2019s hard to deny that tangible progress has been made.<\/p>\n

This, of course, is great news for the stock market, which will likely rally on Monday. One of the biggest market unknowns has been partially resolved, and nothing ignites the animal spirits of the market like a major geopolitical win.<\/p>\n

But beyond that, it\u2019s simply a\u00a0deliciously prompt resolution<\/em>\u00a0to a problem the media insisted would be a long-term economic catastrophe.<\/p>\n

All I said a month ago was\u00a0\u201chold on and let\u2019s see what happens.\u201d<\/em>\u00a0And here we are, a mere month later\u2014without any meaningful shortages or real discomfort in our daily lives\u2014and the \u201cproblem\u201d is well on its way to being solved.<\/p>\n

Oh, and did I mention that with every new deal we strike, the United States is in a\u00a0stronger position<\/em>\u00a0than it was just two months ago?<\/p>\n

Sure, there will always be cynics and skeptics who want to argue the ins and outs of these deals, pointing to data that suggests only minuscule gains for the U.S. or marginal concessions from foreign nations. But the simple fact is the posture this gives the United States\u2014and President Trump\u2014on the global stage is one of\u00a0leverage, power, and respect.<\/em><\/p>\n

Let the cynics fill in whatever narrative suits their agenda. But for better or worse, Trump\u2019s administration went to bat for the United States and brought home better deals than we had just a month ago. If you want to argue the minutiae of\u00a0how much<\/em>\u00a0better these deals are, go ahead.<\/p>\n

I\u2019ll be too busy savoring the sweet, intoxicating catnip of the mainstream media\u2019s buffoonery from a month ago.<\/p>\n

As I\u2019ve said many times before, I still believe the stock market is overvalued\u2014and with this week\u2019s rally, it will remain so. I made that case clearly in my market review earlier this month, which you can read here:<\/p>\n

<\/a><\/p>\n

Trading The Sh*t Show: May 2025 Market Review<\/a><\/h2>\n

But the real lesson here is this: The next time the mainstream financial media is in full-blown financial panic mode,\u00a0hold your head high, keep your cool, and remind yourself that compared to them, you\u2019re the institutional investor in the room.<\/em><\/p>\n

And if you do that, you might just find yourself standing calmly amidst the chaos\u2026 right in the middle of a money-making opportunity.<\/p>\n

<\/a><\/p>\n

QTR\u2019s Disclaimer<\/strong><\/em>:<\/strong>\u00a0Please read my full legal disclaimer\u00a0on my About page here<\/a><\/em>.\u00a0This post represents my opinions only.<\/em>\u00a0In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a\u00a0Creative Commons license<\/a>\u00a0with my best effort to uphold what the license asks, or with the permission of the author.<\/em><\/p>\n

This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade\/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I\u2019m bullish without owning things, sometimes I\u2019m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I\u2019m long I could quickly be short and vice versa. I won\u2019t update my positions. All positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can\u2019t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I\u2019m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it\u2019s that important.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 05\/12\/2025 – 08:10<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/financial-medias-tariff-incontinence-retrospective<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial Media’s Tariff Incontinence: A Retrospective Submitted by QTR’s Fringe Finance Remember just one month ago when the media was acting like tariffs were a…<\/p>\n","protected":false},"author":0,"featured_media":1535549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1535548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1535548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1535548"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1535548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1535549"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1535548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1535548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1535548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}