The Latest Breaking News from Torsten Sløk

Trump tariffs prompt slump in shipments to US ports

Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year

The Guardian - UK · Apr 28, 2025

Global stocks shake off reports of collapse in U.S. import trade

Apollo published a slide deck arguing that the reduction in imports would be enough to trigger a recession in the U.S. starting in the summer.

Fortune · Apr 28, 2025

US tariff war hurting trade with China; M&S cyber-attack crisis continues; FTSE 100 rises for 11th day running – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Apr 28, 2025

Bessent denies bond selloff made Trump back down on tariffs

Hedge funds typically profit handsomely from the $1 trillion “basis trade,” but the Federal Reserve could be forced to step in as yields surge.

Fortune · Apr 9, 2025

Why this ‘basis trade’ moment is so dangerous

Also: The fact prices in the bond market are in decline at the same time as the stock market suggests there may be a liquidity crisis in the financial sector happening at the same time as the trade tariff crisis.

Fortune · Apr 9, 2025

There's now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says

"For investors, it is starting to look similar to 2022—too high inflation, rising interest rates, and falling stock prices."

Fortune · Dec 21, 2024

Fed rate cuts were supposed to help ease U.S. debt costs, but it's not looking good so far

Last fiscal year, the interest expense on U.S. debt was $950 billion, up 35% from the prior due mostly to higher rates.

Fortune · Oct 13, 2024

U.S. debt is so massive, interest costs alone are now $3 billion a day

“If the Fed cuts interest rates by 1%-point and the entire yield curve declines by 1%-point, then daily interest expenses will decline from $3 billion per day to $2.5 billion per day.”

Fortune · Sep 7, 2024

The Magnificent 7 stocks may soon yield to the 'Other 493'

"Growth is broadening out and so should the market."

Fortune · Jul 11, 2024

Apollo's chief economist calls the S&P 500 'vulnerable' as it hovers just below all time high of 5,523

"The market is record bullish on future earnings for the top 10 companies in the index."

Fortune · Jul 1, 2024