BeBeez roundup with eToro support about the performances of private capital firms listed on global exchanges.
On 2 April, Wednesday, at the White House Rose Garden, Donald Trump announced new import duties andtriggered bearish positions on global exchanges. All the portfolio stocks that BeBeez and eToro picked for Trading Floor closed the week on the downside consistently with such trend.
The financial investors did not expect such import tariffs to be of 20% with a peak of 39% for trade with China that retaliated with 34% duties on import from USA.
Fed’s chairman Jerome Powell warned of a possible restrictive monetary strategy as such a trade war could create inflationary pressures in USA.
The stock exchanges immediately anticipated the potentially devastating impact on world economy’s supply chains of such policy. Market observers noticed that after the negative closure on 2 April, Wednesday, the wave of selling continued in the after-market and the following sessions, a clear sign that the prices of risky assets could not find a balance.
The performance of private debt securities, which track the business cycle and interest rates trends, reflect the fears of a heavy global recession. Blue Owl lost 21% in the last black week.
In this context, it’s redundant to analyse the respective performances of the stocks, but it could be worth noting that British 3i cut its losses with a -2.4% decline. The reason of this less negative performance could lie in the fact that Trump charged imports from Great Britain with a duty of no more than 10%.
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