The problem with YoYo-nomics is nobody can plan anything, because policy changes every time the economic wind changes direction or his Trumpness has a bad day on the golf course. There is no economictheory here, it's all the "art of the deal" which is Trumpspeak for bullying. You can't bully the Bond Vigilantes, there's no one person you can sit down and make deals with.
So, now that the stock market is all perky again, how long till the next crisis? 2 are waitingg in the wings, the Fed Budget and the CRE market which has a reckoning coming. There is also no guarantee China will just forget about the Tariffs and all the threats. They can still quietly dump USTs to keep the pressure on interest rates.
Expect further bounces of the YoYo.
https://www.cnn.com/2025/04/23/business/stock-market-dow-jerome-powell-fed-trump/index.html
Trump was warned of empty shelves and financial turmoil from tariffs and firing Powell. His U-turn pushed stocks higher
RE