Reciprocal Tariffs Hammer Stocks!

Trumps Reciprocal Tariffs drops the SP500 -3% in minutes and the Nasdaq -4%…as we have been saying all along, Trumps Pro-American agenda is firmly in place. Something tells me the FOMC is in the cross hairs here and if lower rates are indeed the goal, I would expect a much weaker US economy and US dollar for that matter ahead. This also means nominal asset prices are going to see big big discounts here as global trade and geopolitical posturing makes its way through global asset prices. Expect volatility to continue day to day:

The Nasdaq futures were hit even harder and back again to the 19150 support area:

Here is the weekly, below 19150 pressure will continue down, but we suspect once NY opens they will try to buy up some of this weakness and we will suspect sellers to come in near the 19650 area middle ground of the 19150 and 20215 range:

Here is a link to the full Bloomberg replay of Trumps Tariff speech today, Trump Liberation Tariff Day

Expect the tariffs to be met with foreign actors selling US based assets, and playing hard ball. They can pull this off in the short run, but in the long run, America will be a lot better off, this is about a rebalancing, and as Trump says, Its about Making America Great Again, Greater Than Ever Before! I think he means it, this is why the metals are rallying, they know where this road leads, and as Trump also said today, this will lead to the,

GOLDEN AGE OF AMERICA

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