Dario Magnani

Chemist turned investor, psychologist turned photographer & designer. Coffee lover, tech addicted, architecture fanatic. Not in this order, except coffee first.

[Dario Magnani @DarMagnani]

Typical example of "too much, too soon" and recipe for a failure, perhaps dragging the entire sector down.
Too much = too expensive, too soon = not yet ready.
Does anyone remember Google Glass?

#Robotics #AI #Innovation

[The Wall Street Journal @WSJ]

The loading-the-dishwasher struggle is real. Even—or especially—for the $20,000 1X Neo humanoid home robot.

🔗: https://t.co/h56VCowUP5

[Dario Magnani @DarMagnani]

@LeadingReport Uhm, in Russia happens the same...
But Amerika is a democracy...

[Dario Magnani @DarMagnani]

Tariffs are showing themselves, one way or another...

#Inflation #tariffwars

[Liz Ann Sonders @LizAnnSonders]

Big jump: July PPI #inflation +3.3% y/y vs. +2.5% est. & +2.3% prior … ex-food and energy PPI +3.7% vs. +3% est. & +2.6% prior

[Dario Magnani @DarMagnani]

And the effects of PPI are seen on CPI just a month later, so probably next month we will have a consumer inflation reading as hot as the Mojave Desert...

#Inflation #Trading

[Liz Ann Sonders @LizAnnSonders]

In m/m terms, PPI and core PPI saw their largest jumps in July since March 2022

[Dario Magnani @DarMagnani]

Clouds on the horizon...

#economy #trading #investing

[The Wall Street Journal @WSJ]

Here is an early look at the front page of today's Wall Street Journal https://t.co/kQY7qX6k0C

[Dario Magnani @DarMagnani]

@WSJ Clouds on the horizon...

[Dario Magnani @DarMagnani]

@n26 Er, in which country?😳

[Dario Magnani @DarMagnani]

Nice asset ideas💯
https://t.co/wXgPNVTJoW

[Dario Magnani @DarMagnani]

So, let's just get this clear.
If somebody will manufacture a laptop in the U.S., the components that they import are going to be tariffed at 145%. But if they simply makes it entirely in China, they are fully tariff-free? And this brings manufacturing back to the U.S. ...how?

[Dario Magnani @DarMagnani]

@CGasparino It makes basically no sense. China has already retaliated, menacing even more (stop to rare earth elements export), so, in this moment, they have the upper hand. A "deal" would mean "no tariffs for no tariffs", why should China give even more. Remember, China has to look strong!

[Dario Magnani @DarMagnani]

It makes basically no sense. China has already retaliated, menacing even more (stop to rare earth elements export), so, in this moment, they have the upper hand. A "deal" would mean "no tariffs for no tariffs", why should China give even more. Remember, China has to look strong!

[Charles Gasparino @CGasparino]

BREAKING: There are some Wall Street traders (not a lot, but a few) who believe Trump is poised to cut a deal with China pretty quickly. Their logic: The Chinese economy is (if the reports are accurate) weak to crashing. It's resorting increasingly to currency manipulation to weaken the yuan in order to keep its massive trade surplus. It needs access to US markets. Meanwhile, Trump wants @BlackRock to buy CK Hutchison, and he really wants the US to control @tiktok_us. As I have reported, both were throttled by the trade mess, and both need approval from President Xi. Trump also wants access to China in a more advantageous way for US companies. Progress on the China front and you get a 5% rally in markets, they believe. For the record, stuff like this is always easier said than done, but I'm just a simple country reporter. Story developing

[Dario Magnani @DarMagnani]

@n26 Hey there, I have only one question: is it safe? I mean, GPay or ApplePay ask for way less permissions...I'm still a bit reluctant about Garmin Pay...

[Dario Magnani @DarMagnani]

US tariffs, Macron to French companies: stop to investments in the US until clarifications. Spain allocates €14.1 billion to protect companies.

While it is true that many countries are not applying retaliatory tariffs, many are not even try to sit on the table.

#TrumpTariffs

[Dario Magnani @DarMagnani]

Right now, it seems to hold...
#trading #investing $SPX

[Dario Magnani @DarMagnani]

S&P 500, ~5400 here we come...

[Dario Magnani @DarMagnani]

ADP was stronger than expected, jobless claims lower and if non-farm payrolls will also be better than expected, or in line, no way the FED will cut rates at the next meeting...

[Liz Ann Sonders @LizAnnSonders]

Market-based probability the Fed will cut rates at the next (May) meeting have jumped from 10% yesterday to more than 30% today per @CMEGroup Fed Watch Tool

[Dario Magnani @DarMagnani]

Hey @KennyPolcari, I know your stance about it, but has anything changed in your view since yesterday?

[Liz Ann Sonders @LizAnnSonders]

Market-based probability the Fed will cut rates at the next (May) meeting have jumped from 10% yesterday to more than 30% today per @CMEGroup Fed Watch Tool

[Dario Magnani @DarMagnani]

So, economy is showing signs of a slowdown...
Shortly, earning season will start. If, eventually, companies will show good numbers, expect the so-called "forward guidance" to be more than pessimistic...and that's a bad sign for the markets.

[Liz Ann Sonders @LizAnnSonders]

Another relative ouch: March ISM Services at 50.8 vs. 52.9 est. & 53.5 prior; new orders fell to 50.4 vs. 52.2 prior; prices paid down to 60.9 vs. 62.6; business activity rose to 55.9 from 54.4; employment dropped to 46.2, lowest since December 2023

[Dario Magnani @DarMagnani]

Once again, an example of the amateurism of this government.
#TrumpTariffs

[James Surowiecki @JamesSurowiecki]

Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

[Dario Magnani @DarMagnani]

Are #markets overreacting?
Let's be honest: the main problem about #Trump #tariffs is the total confusion. (Antarctica? Really?). And there's nothing markets hate more than uncertainty.
Right now, a lot of the red is, and will be caused by "margin warnings".
#TrumpTariffs