Portfolio Positioning: The tariff saga enters a new chapter as China enters the fray

The news out of the Whitehouse is crossing our screens at unprecedented speed, and traders are dancing accordingly. With Chinas 15% tariff having “Trumped” the US President’s 10% move, we have to think, what next. We’re sure Trump wont sit back and do nothing. Yesterday morning felt like Trumps “Art of the Deal” had brought global markets back from the brink of a Trade War but China will prove a far tougher adversary, as we’ve already seen by their retaliation as opposed to acquiescence. However, after two volatile nights of US trade, earnings season remains more important to markets, at least for now.

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Afternoon report 17/04/2025 16:46

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Morning report 17/04/2025 09:38

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Afternoon report 16/04/2025 17:42

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Morning report 16/04/2025 09:54

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Afternoon report 15/04/2025 17:03

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Morning report 15/04/2025 11:16

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Afternoon report 14/04/2025 17:07

The Match Out: Sellers dwindle, ASX moves higher on tariff optimism

The ASX shot out of the gates, far above the slated +18pt rise indicated by SPI futures pre-market, +60pts on the open and grinding another +40pts higher slowly but surely over the day, as 10 out of 11 sectors finished in positive territory. The market took U.S President Donald Trump’s move to exempt selected consumer electronics from tariffs as a signal of willingness to be somewhat flexible and practical with his policies and negotiations more broadly.

Morning report 14/04/2025 09:46

Macro Monday: Trump blinks first in tariff war against China

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Weekend report 12/04/2025 10:05

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Afternoon report 11/04/2025 16:59

The Match Out: ASX gaps down, surges to close on intra-day high

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