"Liberation Day" is here: execute your plan
The Sandbox Daily (4.2.2025)
Welcome, Sandbox friends.
Today’s Daily discusses:
execute your gameplan
Let’s dig in.
Blake
Quote of the day
“I can complain because rosebushes have thorns or rejoice because thornbushes have roses.”
- Sir John Templeton
Execute your plan
President Trump's highly anticipated trade "Liberation Day" has arrived – with his big, long-awaited tariff announcement coming today at 4pm ET from the White House Rose Garden.
Per CNBC: “Treasury Secretary Scott Bessent told lawmakers on Tuesday that the tariffs coming into effect on Wednesday will be the highest amount set and serve as a ‘cap’” – which would subsequently be negotiated down in the coming days, weeks, and months.
Wall Street is worried that our economy will buckle under the weight of Trump's tariffs. That’s validated by many sentiment indicators that are in total free fall. Meanwhile, the near-term economic data has been mixed, although tilting down with a negative bias.
Whatever the outcome is and the accompanying knock-on effects, today marks an important clearing event.
As the old adage “markets don’t like uncertainty” suggests, investors have been left in a fear-like state of paralysis over the last two months.
Remember, investors can handle bad news. They digest it, discount it, and move past it. But, how can the market move forward when we don’t have clear policy and direction?
Well, today we finally get answers.
Like them or not, it allows the market to move forward – whether that be higher or lower.
Do I know what will be announced? No.
Does anyone else? No.
The complete unknown is what has this market on full tilt.
So, the best path forward for investors is to remain disciplined and stay on target.
As investors, we must consider all possible outcomes – from the most obvious to the least expected – so we are best prepared for whatever Mr. Market throws our way.
Upside surprise? Move your chess pieces accordingly.
Downside surprise? It’s pawn instead of bishop.
No matter how today shakes out, come up with your gameplan and stick to it.
Investing is often a game of expectations management.
Developing a playbook ahead of time allows us to be ready no matter what, while also keeping our emotions in check.
Execute your plan.
That’s all for today.
Blake
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Welcome to The Sandbox Daily, a daily curation of relevant research at the intersection of markets, economics, and lifestyle. We are committed to delivering high-quality and timely content to help investors make sense of capital markets.
Blake Millard is the Director of Investments at Sandbox Financial Partners, a Registered Investment Advisor. All opinions expressed here are solely his opinion and do not express or reflect the opinion of Sandbox Financial Partners. This Substack channel is for informational purposes only and should not be construed as investment advice. The information and opinions provided within should not be taken as specific advice on the merits of any investment decision by the reader. Investors should conduct their own due diligence regarding the prospects of any security discussed herein based on such investors’ own review of publicly available information. Clients of Sandbox Financial Partners may maintain positions in the markets, indexes, corporations, and/or securities discussed within The Sandbox Daily. Any projections, market outlooks, or estimates stated here are forward looking statements and are inherently unreliable; they are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.
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