How did the US economy perform during the peak of the trade war in April?

This podcast explores the resilience of the U.S. economy during the height of the trade war in April. Despite pronounced tariff shocks, high-frequency data shows persistent economic strength alongside unusually soft inflation readings, raising questions about possible political manipulation. The discussion dives into a KISS portfolio strategy favoring stocks, gold, and Bitcoin, and considers both the quantitative signals and market regime shifts driving a risk-on environment. Additional insights address potential risks, the role of fiscal stimulus, and whether gold’s recent correction offers a buying opportunity amid rising term premiums.