Frederique Carrier 0.8 8 ideas

There is an aggressive rotation out of "AI-disrupted" shares and overbought tech stocks. Investors are fleeing volatility and high valuations in tech for "physical assets" and defensive sectors that offer tangible value and stability during the tariff implementation phase. LONG Defensive/Physical sectors (Pharma, Staples, Industrials) as capital rotates out of software. If the "AI Scare" proves temporary, capital may rotate back into growth tech quickly.

Carrier argues we are past "peak tariff disruption" and identifies relative winners in the new trade landscape: China, Brazil, and India. These economies are viewed as better positioned to adapt or have already priced in the trade friction, whereas US allies are facing unexpected pressure. LONG Emerging Markets (specifically China, Brazil, India). Trump administration raising tariffs from 10% to 15% unexpectedly.

Carrier explicitly names the UK and Australia as "losers" in the current tariff environment. These US allies are facing tariffs higher than their trade deals agreed to, creating a negative shock to their export-dependent economies without the insulation of a massive domestic consumer base like the US. SHORT UK and Australian equities. New bilateral trade exemptions being negotiated.