One day financial reporting will get that it's not about the tariffs. The tariffs are a stand in for uncertainty and the US blowing up the stability premium.
Reposted from
George Pearkes
Quick markets check....stonks flushing to session lows -72 bps. NASDAQ 100 lead (-133 bps), Magnificent 7 down 2.2%, AI picks and shovels -4.0% (VRT the worst performer in the R1K -8.7%). Other notable laggards: CVNA, SMCI, DJT, GRAL, MRVL, HOOD, VST. FNMA off almost 4%. Lotta risk bids missing.
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