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March 13, 2025 at 2:00 p.m. EST
Unfortunately, like every bounce over the last month there is no follow through. For the second consecutive day markets have completely shrugged off better than expected inflation data. Inflation hasn’t been the source of the negative feedback loop, so I guess that isn’t so surprising. The negativity is man made at the moment. Ahead of the open, President Trump threatened 200% tariffs on EU imported alcohol in response to their retaliation. Treasury Secretary Bessent stuck with his messaging that the administration is “not concerned about a little volatility” but is focused on long term gains for American people.
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