From Joe
If you’ve been following me for a while now, and you’ve been wondering how you can actually profit from the ideas here, I want you to save this date on the calendar.
April 25th 7:00 PM ET
I’ll be hosting a LIVE Masterclass where I'm going to cover one of the best kept secrets in all of finance - the inner workings of the Asymmetric Trade.
You see, these types of trades have been used for years by some of the brightest financial minds of our time. People like “Big Short” Investor Michael Burry, Black Swan author Nassim Taleb, and billionaire hedge fund managers Bill Ackman and Ray Dalio.
I’ve personally used this strategy to take home some big returns in my own portfolio over the past 8 months.
And I plan on revealing everything I know at this event.
We’ll cover things like:
• Why I believe 2024 could be the year of the asymmetric trade (and why I believe that if you want to profit you need to start getting in position now).
• A simple and easy to understand protocol I follow for spotting asymmetric trades (one that’s helped me take home some massive gains in my personal account and how you can use it in your own portfolio to shoot for massive returns).
• The exact techniques I’ve used to help a small group of ‘beta testers’ spot some of their own asymmetric trades over the last few months.
• How you can use these trades to beat volatility.
This event is completely free.
Listen, with the Fed announcements, elections and dozens of potential crises coming over the next year, this is one event you won’t want to miss.
All you have to do is click on the link and enter your email.
And I’ll see you there.
News
China's fiscal stimulus is losing its effectiveness, S&P says
BEIJING — China’s fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings senior analyst Yunbang Xu said in a report Thursday. The analysis used growth in government spending to measure fiscal stimulus. “In our view, fiscal stimulus is a buy-time strategy that could have some longer-term benefits, if projects are focused on reviving consumption or industrial upgrades that increase value-add,” Xu said. China has set a target of around 5% GDP growth this year, a goal many analysts have said is ambitious given the level of announced stimulus.
Fed policymakers agree: there's no urgency to cut rates
Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are until perhaps well into the year, given slow and bumpy progress on inflation, and a still-strong U.S. economy. On Thursday New York Fed President John Williams became the latest U.S. rate-setter to embrace the "no rush" on rate cuts, opens new tab view articulated in February by Fed Governor Christopher Waller and since echoed by many of his colleagues. "I definitely don't feel urgency to cut interest rates" given the strength of the economy, Williams said at the Semafor's World Economy Summit in Washington. "I think eventually...interest rates will need to be lower at some point, but the timing of that is driven by the economy."
The Seen and the Unseen: Implications of Biden’s New Tariff
Biden’s newest proposal for steel tariffs join a long list of tariff policies that ignore the unseen damage that will be done to the U.S. economy by raising them. This week, President Biden announced that he would seek to triple tariffs specifically on Chinese steel imports from 7.5 percent to 25 percent. This is an aspect of his campaigning in Pennsylvania where he seeks support from blue-collar steel workers who face competition from foreign steel imports. Both candidates have leaned away from free trade and into protectionism as a cheap political tactic. Voters and donors who benefit from the artificially high prices caused by tariffs will flock to whichever candidate can pander to them best. Trump has campaigned on a baseline of 10 percent tariffs across the board and a minimum of 60 percent on Chinese imports.
Treasury Rally Stalls as Economic Concerns Overtake Haven Demand
Treasuries all but erased their biggest rally of the year as investor focus shifted back to the US inflation outlook following an escalation of Middle East conflict that stoked demand for havens. The US 10-year yield rebounded to nearly 4.63%, within a basis point of Thursday’s closing level, after falling as much as 14 basis points to the lowest level in more than a week. Haven demand spurred by the Iran-Israel missile exchange began to ebb on indications that a broader conflict isn’t imminent. Flows included demand for options offering protection against the 10-year yield reaching 4.7% by May 24.