Jonathan Ferro

Huge difference between a shock to the cycle vs a shock to the system. Is this the start of negotiations or are these the new rules of the game? The uncertainty is leading to an immediate repricing of the cycle. It will take much longer to fully internalize a shock to the

One of those weekends… See you Sunday @BloombergTV

Bloomberg TV @BloombergTV

As President Trump’s trade war rattles global markets, Bloomberg Surveillance goes beyond the headlines with special coverage Sunday, April 6th 5-7pm ET. Join hosts @FerroTV and @lisaabramowicz1 for real-time insight https://t.co/dRRrYZIPjD https://t.co/hkIc1uYt4b

Treasury Secretary Bessent tells @annmarie the equity market selloff is quote “A Mag7 problem not a MAGA problem”

Charge for hand luggage, do the checking for free. It'll make the whole boarding process so much easier.

Sam Ro 📈 @SamRo

“…We need at least 25 passengers to check their bags…” - OH at the airport

RT @dr_firstgrowth: @FerroTV “apparently stagflation is bullish” line of the day

Something for everyone. Good news: Based on forecasts Fed believes that any upward pressure to inflation won't last beyond this year. Bad news: They've downgraded the outlook for growth and haven't responded by projecting additional cuts.

Axel Merk @AxelMerk

At first blush, FOMC statement is dovish. However, @FerroTV makes an important point: the forecast is stagflationary with growth downgraded but inflation sticky. Dot plot does not suggest lower rates in reaction. Fed that is stuck, not lowering rates based on weaker outlook

WTI crude oil is down for 8 consecutive weeks (longest streak since 2015) and it hardly ever comes up in market/eco conversations.

Plan appears to be more government at the border (trade and immigration) less government inside the border (doge and taxes). Rebalance the economy from the public sector to the private sector. There’s obviously a price to pay for that. How big? I don’t know. How much pain are

Kyla Scanlon @kylascan

@FerroTV Many more are more knowledgeable than me on this, but I think Powell meant pain as in higher rates -> inflation go down; whereas Trump + Bessent don't really seem to have a Grand Plan other than reshoring US manufacturing at what will likely be a significant cost to consumers +

The two seem very aligned on rebalancing the economy. Pres Trump: transition period Sec Bessent: detox period Reminds me of the Chair Powell ‘pain’ speech from Jackson Hole in 2022.

Geiger Capital @Geiger_Capital

Trump on the possibility of a recession: “There is a period of transition because what we're doing is very big… Ultimately it will be very good” Bessent and Trump on the same page. https://t.co/vSeeYShpII

German economic policy failed German energy policy failed German foreign policy failed It was the German government who refused to help rebalance the EU economy in the debt crisis. It was Germany's influence that made it difficult for the ECB to behave like a DM central bank.

RT @annmarie: Commerce Secretary @howardlutnick tells us the administration expects to make an announcement on Canada and Mexico this after…

Just two months later… The President is celebrating a ‘big beautiful drop’ in interest rates. China is deciding to embrace more deficit spending. And Germany is attempting to push a massive fiscal regime change. Huge moves.

Jonathan Ferro @FerroTV

Yields are rising in the US where growth is strong and people think the government is spending too much. Yields are falling in China where growth is challenged and people think the government isn’t spending enough. And Europe… is stuck facing down the worst bits of both worlds

Nope. I’m openminded about the destination. How will other nations respond? How will costs be distributed? Exporters eat it? Importers eat it? Companies pass it on to consumers? Consumers tolerate it? Consumers push back? Growth hit? Inflation rises? A combination? How long does

Marc Gardner @MarcGar73219607

@FerroTV is certain tariffs will have a negative impact on US economy. This is the first time this movie is airing and you don’t know how it ends.

“we say this is first strike price of Trump put, below which "Stocks Down Under Trump" headlines begin, below which investors currently long risk would very much expect and need some verbal support for markets from policymakers” BofA 👇

ForexLive @ForexLive

S&P 500 breaks the January low and erases all gains since the election https://t.co/AlBz6VugXU

This morning @BloombergTV https://t.co/PJ9SHv6hJT

S&P 500 down 1.46% Equal Weight up 0.02%

RT @ChemwenoBTC: Welcome to the Golden Age of market volatility! 😂😂 - Jonathan @FerroTV , Bloomberg TV.