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🗓️ 11 April 2025
⏱️ 27 minutes
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0:00.0 | Hey everybody, it's Joe Trippie and welcome back to that Trippie show with my co-host, Alex Ashlow. |
0:13.9 | This week, turns out that when your tariffs are tanking the economy and then you announce that you're not doing the tariffs for a while. |
0:24.1 | The markets like that, who knew? |
0:26.0 | But it looks like we're giving some of that back. |
0:28.1 | We'll talk about that and what else is going on. |
0:30.9 | Alex, where do you want to get started? |
0:33.2 | I do want to give some unsolicited financial advice, which is don't spend, don't do what we |
0:38.4 | do and check the markets like eight times a day. |
0:40.6 | It's not healthy. |
0:41.7 | It's not a good idea. |
0:43.1 | Depending on your risk tolerance, there are professionals that can help you with this. |
0:46.3 | There are probably people listening to this that need to hear that over and over again. |
0:50.1 | I know I do sometimes. |
0:51.8 | That said, we're recording this at our usual time on Thursdays and well, that gain from |
0:57.9 | yesterday was pretty short-lived Joe. |
1:01.1 | We're already down a couple points and it looks like it's going to continue. |
1:04.8 | The markets clearly hated Liberation Day, which I believe we talked about a little bit last |
1:08.8 | week. |
1:09.7 | Since our last recording, I think |
1:11.0 | they're down 15, 20 percent, pretty much across the board. They've pretty much continued following, |
1:16.2 | except for that in brief pause you mentioned yesterday. Trump kind of called time out yesterday, |
1:21.9 | which not caved. He totally caved, which I honestly wasn't expecting. 90 day pause on most tariffs, except one country notably, which we'll talk about. |
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