Banko Nation, welcome to the weekly roll-up this week.

I have the pleasure of being joined one last time with Haseeb Qureshi GP over at Dragonfly.

Haseeb, once again, happy Friday.

It's an honor to have you.

Thanks for having me, man.

I know you're just waking up and processing what has happened in the world over the last 12 hours or so.

You're on the other side of the world at the moment in Singapore, so we got the world surrounded.

How are you feeling? It was a long week, dude. How are you doing?

I am exhausted, not just from traveling here, but just like the sheer volume of whipsawing happening in traditional markets,

it kind of feels like everything trades like crypto now. It's just total, total insanity in the

traditional world. Let me run through, we'll just speed run through the last seven days of events,

starting with Liberation Day tariffs that were announced last week on Wednesday evening.

This implemented a 10% baseline tariff on the whole planet and additionally 86 countries that had much higher reciprocal trade tariffs in the 30 to 80% range, staggering tariffs,

levels never before seen before, which immediately sent the stock market plummeting

because the market really believed that Trump was

serious about these tariffs. So from Liberation Day peak to trough, the S&P 500 declined 16%

setting a record for one of the fastest, quickest stock market declines in history.

Meanwhile, the next day on Monday, excuse me, April 7th, Scott Besson, the Treasury Secretary,

said that 70 countries have

rushed to the negotiation table with the United States, showing that the world was indeed

ready to negotiate with the United States on resetting their trade arrangements, all except

for China. After Trump imposed a 34% reciprocal tariff on China, China announced its own 30% tariff on all

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