MBCC TH 30th Apr'25 - "Trump and Bessent saying the same things, market "needs" a deal, but what is the deadline? When do things get really bad? What are earnings telling us?"

Big trillion dollar question, does the S&P 500 go back to all time highs or go back down to retest 4800? The answer lies in how long these tariffs last and what is the end game here?

Also…what is the trade in commodities - it is NOT about value, it is about physical flows and actual demand!

What is the pain trade here and where are people positioned?