Just miles and miles of normies patriotically protesting Trump. Beautiful.

Yeah. I just can't figure out what amount of economic relief that implies given:
1) Seems unlikely the liberation day rates are actually coming back at the end of 90 days
2) China deal/unilateral step back seems to be on a different track, than allies' deals
Maybe market disagrees/I'm wrong on 1.

What 2nd order inferences do you the markets would make from a deal with Japan?

The people who lived through the Great Depression were financially scarred for the rest of their lives -- I don't think Millennials are like that when it comes to consumption patterns but it does help explain why we generally support politicians who try to avoid left tail economic outcomes.

There are still cars and goods to buy at pre-tariff prices. Companies are operating based on capital raised before yesterday. Restaurants will be busy this weekend. But the hit is coming.

It's a fair point that the Stock Market != economy. But a bunch of consumer staple businesses losing this much value is the quickest signal we have on how bad things are about to get. Direct measurements will take much longer.

Augusta, GA