Sid Verma

Officially the start of Punjabi boy summer https://t.co/U0KnEs5Wo8

I hate how stock markets have actually acted rationally since April. Front-running both the disruption of the modern trading order and now the apparent rollback. That might turn out to be wrong, but it's rational

RT @tracyalloway: Odd Lots makes it to @vulture’s top podcasts of 2025! https://t.co/CKK2SDAbl7

Started using ChatGPT to make ever-niche on-the-fly Spotify playlists and now I can't stop

S&P 500 now down just 3.3% since just before Liberation Day. Turns out the biggest disruption to the trading order in modern history was priced in.

Stocks now less than 11% off all-time highs -- highs that sparked fear and loathing about a tech-like bubble

Must have been a lot of presidential promises to not fire the head of the Fed https://t.co/uji9stswtA

In America during tax season, every individual uses a number to identity themselves- a number that holds the key to their financial, governmental, legal identity. Expect there is no way to verify it easily - it’s not biometric. And if someone steals it you are screwed. It’s wild

Oh

modest proposal @modestproposal1

Consumer electronics moving to sectoral tariffs may end up at a higher effective rate than under reciprocal tariffs because they are not country specific. 25% across the board would be net worse for consumers than 10%/wherever China lands since you can’t move production to 10%.

So on Friday it was a 145% tariff, then deemed to be excluded, but now it’s actually 20%, re-categorised, and will likely be more eventually? If so, then surely market still rips higher?

The sell-America trade intensifies in Asia hours, with US stock futures, long-dated Treasuries and the dollar all plunging anew https://t.co/8PKIJ1xnUT

RT @tracyalloway: Apropos of nothing, here is an old story from 2016: https://t.co/hp840ZZelH https://t.co/ocWci87TXj

RT @AnnaEconomist: We calculated that post Trump “put” today, the tariff mix is actually worse —China exports more consumer goods to US tha…

I still don’t get how the effective end of US-China trade flows (for now) doesn’t feel bigger

RT @mmcassella: Tariffs still in place: —125% on Chinese imports —25% on steel, aluminum, autos, and non-USMCA goods from Can/Mex —10% on n…