I would not be talking about the Biden Overhang if I were you..

Dow Futures are sinking!

I wonder if this was what Vance had in mind when he said yesterday that he expected the reaction to be worse.

Expectations met!!!

So using the 50% formula, countries like Australia and the UK can now hike their tarrifs to 20% and they will not attract any further tarrifs from the US. Effectively taking them back to where they started, relatively speaking. 🤓

So Trump said Musk is using a “scalpel rather than a hatchet”. Actually, he's using neither.