We now have: 1. Rapidly rising long-term interest rates 2. GDP set to decline for multiple quarters 3. Inflation data back on the rise 4. Largest wave of tariffs in 100+ years 5. Consumer sentiment at pandemic-levels 6. Stock market in a bear market What does the Fed even do here?

You can't make this up: The 10-year note yield now up +60 basis points in 48 hours. At this rate, we will have 8% mortgages and a recession by the end of the month. Talk about a turn of events.

BREAKING: ALL NEW TRUMP TARIFFS HAVE JUST GOT INTO EFFECT HERE IS THE FULL LIST CHINA - 104% LESOTHO - 50% CAMBODIA - 49% LAOS - 48% MADAGASCAR - 47% VIETNAM - 46% MYANMAR - 44% SRI LANKA - 44% FALKLAND ISLANDS - 41% SYRIA - 41% MAURITIUS - 40% IRAQ - 39% GUYANA - 38% BANGLADESH - 37% BOTSWANA - 37% LIECHTENSTEIN - 37% SERBIA - 37% THAILAND - 36% BOSNIA AND HERZEGOVINA - 35% NORTH MACEDONIA - 33% ANGOLA - 32% FIJI - 32% INDONESIA - 32% TAIWAN - 32% LIBYA - 31% MOLDOVA - 31% SWITZERLAND - 31% ALGERIA - 30% NAURU - 30% SOUTH AFRICA - 30% PAKISTAN - 29% TUNISIA - 28% KAZAKHSTAN - 27% INDIA - 26% SOUTH KOREA - 25% BRUNEI - 24% JAPAN - 24% MALAYSIA - 24% VANUATU - 22% CÔTE D’IVOIRE - 21% NAMIBIA - 21% EUROPEAN UNION - 20% JORDAN - 20% NICARAGUA - 18% ZIMBABWE - 18% ISRAEL - 17% MALAWI - 17% PHI

Cathie Wood $ARKK buys the dip on $NVDA for the second day in a row 188,980 shares

APPLE SHARES ARE DOWN OVER 10% OVER THE LAST FEW HOURS APPLE HAS LOST AROUND $300 BILLION DOLLARS IN MARKET VALUE IN THE LAST FEW HOURS

BREAKING FROM FOX BUSINESS: The White House Press Secretary has said the 104% tariff on China has now OFFICIALLY gone into effect as of 12PM EST TODAY because China has not removed its retaliatory tariffs. The rate is confirmed to be 104% and tomorrow, April 9th, will be the first day of collecting the new tariffs.

BREAKING: The S&P 500 is now down -120 points over the last 2 hours, erasing the majority of its daily gain. If markets turn red by end of day, investor sentiment will be crushed.

bond yields up is not really encouraging looks like China is dumping US bonds as a way to retaliate against the tariffs if no deal is reached or we don’t have a pause, I believe we are putting a 104% tariff on China tomorrow which is going to be quite the experiment

BREAKING: The S&P 500 is now down over -100 points in 1 hour, more than half of today’s gain has been erased. Trade deal hopes are fading again.

JUST IN: 🇨🇳🇺🇸 China says the US isn't serious about trade talks and warns intimidation, threats, and blackmail aren't the way to engage. "China and the rest of the world are determined to fight a trade war to the end."

$PLTR investors please be careful. Palantir is up 8% today after getting beat up for a few rough days (and let’s be honest, maybe even a few weeks). Good to see green, but before anyone breaks out the champagne—chill. This could be a relief rally head fake, not the start of a new uptrend. Don’t get baited into panic-buying just because it’s moving up for once. Stay the course. Stick to your DCA schedule. No FOMO buys. No victory laps. Just slow, steady accumulation like a professional. This thing can reverse quick—discipline beats emotion every time. We’re not here to chase candles. We’re here to build ownership.

JPMorgan today lowered its price target on Amazon $AMZN to $220 from $270 while maintaining its Overweight rating JPMorgan lowered its price target on Google $GOOGL to $180 from $220 while maintaining its Overweight rating JPMorgan lowered its price target on $META to $610 from $725 while maintaining its Overweight rating JPMorgan lowered its price target on Netflix $NFLX to $1,025 from $1,150 while maintaining its Overweight rating

Sentiment yesterday was at Covid lows. Had a lot of Great Depression comparisons. A VIX at 60. Jim Cramer calling for Black Monday and 3-4k on SPX. And today we are almost 10% higher off the lows. Was yesterday THE bottom? No one truly knows. But for now it certainly feels like A bottom.

JPMorgan sees an additional hit of 0.5% to Euro Area GDP forecast, taking total GDP hit from trade war to 1.5% by end-2026, which will still allow Euro Area to avoid recession.

Yields up 10% from yesterday’s lows. 10yr back to 4 and a quarter. Wild gyrations last 24 hrs.

$TSLA China reported 3,600 insured registrations for the week of Mar 31-Apr 6. This was +91% YoY to Week 1 of 2024/2Q, and -36% QoQ to Week 1 of 1Q. @Sources: @piloly 

JUST IN: 🇨🇳 Chinese yuan falls to lowest level in two years.

Today was the fastest 8% intraday swing since the 2010 flash crash. What happened in the flash crash of 2010? $SPY $SPX $QQQ $ES 2010 Flash Crash: 36 Minutes of Pure Market Chaos May 6, 2010 2:32 PM ET. The Dow drops nearly 1,000 points in minutes a $1 trillion wipeout. No warning. No news. Just freefall.

Amid all the noise today, markets barely reacted to perhaps the biggest news of the trade war thus far: President Trump threatening ADDITIONAL 50% tariffs on China is huge news. This means 20% + 34% + 50% tariffs on China for a total of 104%. The United States imports a total of $439 BILLION from China per year. China has until April 8th to drop their 34% tariff on China or President Trump says these tariffs will go live. Minutes ago, China said they "will fight until the end" against Trump's tariffs. Amid all the noise, trade war tensions hit a new high today.