Jeff Macke Tariffs Slam Discretionary Stocks Unpopular Policy is Better than No Policy "Be careful what you wish for because you just might get it" isn't just something old people like to say. Already in the middle of a tough year, consumer discretionary stocks have been rocked since the Supreme Court struck down President Trump's... February 23, 2026 The Macke Letter The Macke Letter Tariffs
Jeff Macke Delay Celebration! Seven days after Liberation Day things are working out just about as expected in the equity markets. Chaos! Until this afternoon's 90 day delay announcement every rally met supply. Rumors were quickly squashed and the White House vowed to... April 9, 2025 The Macke Letter Tariffs WMT