Another rollercoaster ride in yesterday's session as the President tripled down (is that even a thing?) on Canadian metal tariffs. Markets responded by selling--everything but tech, which turned around later in the session to lead the indexes off their lows. Canada backed off of its "power tax" and Trump pulled back from his 50% metal tariff.

Stocks were slammed yesterday after the President kept his famous PUT close to the vest. No candy for you! The Pres was unwilling to rule our a recession when asked by Fox, causing traders to sell, sell, sell. The Pres is buying a Tesla today--let's see if that helps.

Stocks had a rockin' and rolein' session on Friday as traders were calmed by ever-gentle Jerome Powell who propelled markets into the green; it wasn't enough to get indexes in the green for the week. The unemployment rate ticked up slightly and unexpectedly leaving traders wondering if the turmoil in DC is starting to take its tole.

Stocks closed deeply in the red after painful selling. President Trump’s temporary relief for USMCA-covered items was not enough to stop the selling. The VIX index rose reflecting the growing volatility related to trade uncertainty. Bitcoin closed below 90,000 despite continued vocal support for a crypto reserve.

Stocks ended higher in a session that required a strong gastric constitution. Weak employment figures from ADP heightened recession fears sending stocks lower. Fears were compounded by confusion over tariffs; fears were ultimately quelled by reports that automakers would get a one-month hold on auto tariffs.

Stocks were trampled by Trump’s late-day comments that tariffs against Canada, Mexico, and China that were locked and loaded would, in fact, be fired down range today– T Day. Earlier in the day the Institute for Supply Management (ISM) released its influential manufacturing PMI that slipped closer to contraction than expected due to a decline in orders. Stocks didn’t even have a chance, bond yields declined on increased recession fears, inflation, and flight to quality.

Stocks were trampled by Trump’s late-day comments that tariffs against Canada, Mexico, and China that were locked and loaded would, in fact, be fired down range today– T Day. Earlier in the day the Institute for Supply Management (ISM) released its influential manufacturing PMI that slipped closer to contraction than expected due to a decline in orders. Stocks didn’t even have a chance, bond yields declined on increased recession fears, inflation, and flight to quality.