So, there’s this guy, Steve Eisman—yes, the one who saw the housing crash coming and made a pretty penny. Now he’s tossing out warnings like confetti at a parade. Apparently, his one big fear? Tariffs. Yep, those lovely trade tariffs—because nothing screams “calm market” like a global finger-pointing contest. 🙄
In his latest CNBC chat, Mr. Nostradamus here is basically saying, “Hey, the market’s getting a bit too cozy. Tariffs? Oh, they’re just a tiny headache with a big ego.”
“That’s it. I mean the market’s gotten pretty complacent about it. But you know in any trade negotiation the details really matter and I think negotiating with Europe about tariffs is incredibly complicated because each country effectively has a veto on any issue that it wants, that thinks it’s important.”
“And I don’t know what’s going to happen with China. I just don’t know how to handicap this because there’s just too many balls in the air. So I mean I’m long only, I’ve taken some risks down and I’m just sitting pat.”
But wait, there’s more. Our hero points out that AI chipmaker NVIDIA—because what’s more threatening than a trillion-dollar company—saw revenues skyrocket 69%. Yeah, that’s right, 69%. It’s like the stock market’s favorite number right now. 📈🤯
“Those numbers were wild… when you think about it… what is this? A $3 trillion company whose revenue grew 69%? It’s unbelievable when you think about it. It’s insane.”
“So, I just think the AI revolution is early. But if, god forbid, there’s a trade war, none of that will matter in the near term. It just won’t.”
https://www.youtube.com/watch?v=qXR69STpehE[/embed>
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2025-06-04 12:23