Bessent touts ‘very good offers’ on trade again, market yawns and sells the US dollar

Beyonce is on tour however nobody appears to care. The tickets are going for $25 and there are many empty seats.

Sooner or later, folks do not need to see the identical previous music and dance anymore.

That is more and more the case with Trump’s commerce crew speaking up commerce offers that by no means appear to materialize. Hassett stated on Thursday {that a} deal was coming later that day and we’re nonetheless ready.

Now Bessent is enjoying the classics once more:

• Many buying and selling companions have approached us with superb presents
• US negotiating with 17 buying and selling companions
• Haven’t engaged with China but

“I’d suppose that maybe as early as this week, we might be asserting commerce offers with a few of our largest buying and selling companions,” he stated.

The market rallied for 9 days in a row on the hope/expectation that Trump would begin to announce commerce offers however the clock retains ticking and yesterday we discovered that the US is not going to supply zero tariffs, at the least to Japan.

The US greenback is sagging as we speak and gold is up $51 in a troubling potential return of the early-April paradigm. That stated, US equities appear to be making an attempt to rally on it as soon as once more.