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Today I'm going to try out a new third.

When everything's finally got tariffs on it, I think the market will be up a great deal. Because the last few of our trading partners buy anything from us anyway, so they can't really

retaliate.

Yep, I'm thinking it may be starting to dawn on people that President Trump is trying to do

the right thing on trade.

It's just that he's approaching the issue with such rank or inflivency that it's gotten

too nasty for the average American to understand.

Now, though, as we adjust, bargains are being revealed, being created by a trade war

that few understand, which is how I think we had a decent day.

Dowdipped 83 points with the SEP advanced 0.49% and the NASDAQ gain 1.22%.

The perception right now is that Trump's tariffs will drive us in recession because our trading

partners will shut down American exports, clubbing entire industries that we have, causing widespread

layoffs. The reality, sadly, is that we don't export enough stuff to truly be hurt by the reciprocal

tariffs. It used to be a big deal when the Europeans slapped the tariff on Jack Dales,

which even though it's made in Tennessee is owned by Brown Foreman, which is based in Kentucky. That was a big deal. the Europeans slapped the tariff on Jack Dales, which even though it's made in Tennessee,

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