Everyone, Everywhere, Now an Expert on Tariffs

We close the month with a tiny real estate stock in the Republic Risk profile up more than 70%. Plus, Trump tariffs, market reversion, and real leadership in transportation.

Dear Fellow Expat:

When you hear the word… “Padonia.”

What do you imagine?

A failed pasta brand?

A rejected name for a Mediterranean island?

Or a street in my town, home to the best taco restaurant in the city?

I suppose I’ve given away the answer based on the hot sauce on my keyboard.

As I sit here, watching the rain batter down from this lunch spot, I reflect on January.

My wife argues that this was the longest month ever…

But I can’t help but think the time went by quickly.

More importantly, we’d better enjoy the last moments…

Tomorrow - things are about to get very intense for the global economy…

Why is that?

Let’s explore the things I think… on a rainy Friday afternoon.

No. 1: Everyone, Everywhere Now an Expert on Tariffs

Last week, everyone was an expert on DeepSeek, a Chinese AI platform that battered the technology sector. We finished the week down about 3% in tech stocks thanks to the surprise news that this AI platform is faster and cheaper than its U.S. rivals.

But now - all the Twi…