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VRA Letter: Trump & Bessent Pivot (cave) on Trade & Powell Policies. So, Why the Pivot? It’s the Economy. Watch This Chart. Tesla Earnings. Vista Gold.

Good Wednesday morning. Over the last 24 hours we’ve seen Treasury Secretary Scott Bessent provide inside info to Wall Street elites at JP Morgan…what looks like a near-complete reversal from Trump on trade policy with China.. ...

Posted On April 23, 20258 MIN Read
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Good Wednesday morning. Over the last 24 hours we’ve seen Treasury Secretary Scott Bessent provide inside info to Wall Street elites at JP Morgan…what looks like a near-complete reversal from Trump on trade policy with China...and finally, President Trumps reversal on his previous comments that he wanted "J Powell terminated".

Bessent's inside information on trade policy (at a private JP Morgan event late Monday night) is the second recent instance where non-public information was passed out to select insiders, with the first being the coming pause in Trump's reciprocal tariffs. That news resulted in the 3rd largest stock market gain since WW2.  Not sure what happened to “it’s Main Streets time, not Wall Streets time”. 

Bessent told JPM’s blue bloods that he sees a “de-escalation with China as the situation is unsustainable”. That inside info to JPM prompted yesterday’s 1000 point move higher in the Dow Jones. In addition to the reversal on China tariff policies, Trump stated yes...

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