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📈Well, that didn’t last long.
After one of the biggest rallies since WWII, the markets woke up to a nasty surprise Thursday: the White House confirmed China tariffs are actually 145%, not 125% as Trump had previously boasted on Truth Social.
Cue the selloff:
Dow: -1,000 pts
Nasdaq: -4.3%
S&P 500: -3.5%
Oil: -5%
Treasury yields: Flat, but mentally distressed 😬
Trump says he “hasn’t seen” the selloff. Meanwhile, the bond market quietly handed him a sledgehammer and said, “Please hit yourself.”
We’re seeing:
Huge dark pool prints in SPY and QQQ (institutional exits 🚪)
Options flow screaming volatility—SPY puts exploding in size 💣
Big Tech reversal: TSLA, NVDA, META all took body blows
Construction & housing stocks dragged lower by inflation fears 🧱
And the best part? Trump’s team is now calling this the start of a “Golden Age.”
Yeah. Sure.
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