Hello, fellow rebel capitalists. Hope you're well. For once, we've got nothing to talk about,

Josh. Absolutely nothing happened today that's newsworthy. Now, guys, this is one of the most

remarkable days in stock market history. And I am not using hyperbole. We saw things today that we

have completely never even remotely close to have seen before.

So on that note, let's dive right in and check out what happened on this roller coaster ride.

We're going to go straight over to CNBC.

Trump temporarily drops tariffs to 10% for most countries and hits China with 125%.

Now, if you somehow were at work or you didn't see the news, the stock market skyrocketed.

Skyrocketed. In fact, not just the inner-day move, but I think the move up was set a whole new record, even in percentage terms, in the NASDAQ.

And look, I got to give myself a pat on the back here.

You guys that watch my videos, you know that I've been talking about that.

What was my base case, Josh?

My base case is that the market would go down, down, down, down, down, down.

And that Trump would come out and say, oh, sorry, kidding.

Or if he did, then the stock market would just rip higher and it probably remains

higher for a while, depending on news. It's all about news following headlines, unfortunately.

And then likely we'll get some more softening data and the market starts focusing not so

much on Trump and kind of the roller coaster ride, the six flags ride that we've been on the last couple weeks or so.

But then it focuses more on what's happening fundamentally in the U.S. economy and unemployment rate goes

up, whatever.

We start to see the data soften because this is what the yield curve has been telling us for

quite some time.

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