The April 2025 Long Hill Report-Conversations with Mike Carnevale

Conversations With Mike Carnevale April, 2025 2025For the first ten minutes, it was a discussion on the Trump’s tariffs. Mike does not think they are a good idea at all. Richard is of the opinion that the jury is out on this.Mike and I have been meeting for a few years and for most of them, the Turkish Central Bank would raise rates each month would raise rates. They were well into double digits with inflation at high levels. So what’s going in Turkey now? Erdoğan is facing riots. Is this the result of his policies? Who knows, but it may be just more or our dictum, everything eventually reduces to its absurd.The Month:March has been good the last few years, down this one. Worst first quarter since 2022. Last year, a plethora of all time highs, none this year. People with money in money market funds happy.Surprise; yield curve positive. Looking forward to April, best month, but there is “some work to do.”Tech indicators help, but not too much.Tariffs?And more.