A Whole New World - EQD+ Weekly

If this week you were hoping for some clarity and maybe a little market stability, you’re out of luck. On Wednesday the U.S. administration confirmed a minimum tariff of 10% will be applied to all imports, with reciprocal tariffs ranging from 0-to-99% and the initial market reaction was very, very bad. I was having coffee with Lombard Odier’s macro whiz Florian Ielpo just hours before the announcement and we were talking about…