In March 2020 the S&P500 shed $3.3trn in two days as sheer panic around the COVID virus ripped through markets. That record 2 day selloff was shattered last week as the S&P500 lost almost $6trn over Thursday and Friday, and with equity futures deep in the red this suggests that the selling isn’t don’t yet.

The market hates uncertainty and at present we have uncertainty by the bucketload as details ahead of Trump’s Liberation Day policies remain scarce. The 2nd of April has arrived however, and the wait is almost over, although Trump’s announcement is scheduled for 10pm our time so most of us will only know what’s happened when we wake up tomorrow!!!

1 April 2025 is here, a day known for hijinks around the world, but today also marks the 10-year anniversary of my daily forex report!!! This milestone is a proud achievement.

We finally had some movement in our exchange rate with the Rand breaking out of its well defined trading range last Friday afternoon. Unfortunately however the direction of this move was not what we were hoping for.

Not wanting to waste a marketing opportunity Canadian beer maker, Moosehead Breweries, is selling a “Presidential Pack” which is 1 461 cans of bear weighing 862 kilograms, one for each day of Trump’s 4-year presidency. The strapline is catchy: “We can’t predict how the next four years will go, but considering how 2025 started, we have a feeling this many beers will come in handy.”