...when the President stops his tweet madness, the volatility stops, stability returns but the exuberance faded fast.
...as a matter of fact, he did tweet that it stocks are going higher, but the market has turned cold on his plea and jawboning. I did tell you that that day would arrive.
...maybe he is somewhat distracted by Middle Eastern riches that is thrown at him that the tariff mess is now left to Bessent to sort out, and Lutnick probably told to stay low profile.
...when the tweet madness stops, you start having less of the mispricings both to the downside and upside, and markets can now behave more rationally based on fundamentals, which are worsening as the business community take pre-emptive and protective measures on protracted uncertainty and likely permanency of tariffs, albeit at reduced levels.
...Walmart has taken the first step to raise prices soon in the light of those tariffs.
...the bond market always knows better than the equity market.
