Bill Ackman warned that Trump's sweeping tariff plans could trigger an "economic nuclear winter," urging a 90-day pause to avoid crippling U.S. business and consumer confidence.
U.S. sanctions and Trump’s tariffs are forcing global central banks to ditch U.S. treasuries for gold, the dollar is entering a structural decline, and a coming economic slowdown could pull the S&P 500 down to the low 4,000s.
The Japanese yen and the Swiss franc were the strongest major currencies last week, while Australian dollar was the weakest. Volatility increased markedly over this period, as more than 75% of Forex currency pairs changed in value by more than 1%.
There is no doubt that this coming week will be all about trade policy. However, we still have a couple of economic reports to contend with, and Q1 earnings begin on Friday. Let's look at the incoming economic data.
