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S&P tagged -7% earlier. This is anything but "normal".

Likely should short BMW, MB, VW, Audi into the ground if this passes. China vehicles are literally less than half the price. 12:41(CN) Reportedly EU agrees to start negotiations to abolish tariffs on Chinese EVs - press - Source TradeTheNews.com

We quite literally bounced on the halt level. (For now) Pretty wild.

Pretty sure we are going to get a marketwide halt soon. SPY -6.5% (trigger -7%)

White House clarifying China tariffs at 145%. This is just crazy town now.

Well, a significant part of the move yesterday was a massive short squeeze.

Quite a bit more giveback than I was expecting, if I am honest. I suppose the open 125% China tariffs and overall uncertainty are weighing heavily on markets.

Lower CPI vs expected 08:30 *(US) MAR CPI M/M: -0.1% V 0.1%E; Y/Y: 2.4% V 2.5%E - CPI (ex-food/energy) M/M: 0.1% v 0.3%e; Y/Y: 2.8% v 3.0%e - CPI Index NSA: 319.799 v 320.167e - CPI Core Index: 325.659 v 326.443e - Source TradeTheNews.com

Ok, thats funny

Oh no, that was definitely Bill Ackman you remember getting on CNBC for near an hour fake crying (literally) talking about armageddon. "All hotel stocks going to zero. Death of the markets as we know it", etc etc. Meanwhile behind the scenes he held credit default swaps. Used the profit of the...

This screen needs some kind of saving for historical record. This day will be talked about for years / decades to come.

Pretty pleased with myself on positioning and management of my large SPY holding. I had a 530 cost basis overall going into yesterday. I sold some green lots off on the opening move into 522 (posted here). Repositioned yesterday evening / today. Final cost basis now:

WSB put holders are going to have some insane loss porn today.

15:00 (US) Pres Trump: Reversed tariffs because people were getting a little bit afraid; Nothing's over yet; China wants to make a deal, doesn't know how to go about it; China is in the process of figuring it out Have reversed tariffs for a short period of time Regarding EU deal: Deal could be...

13:19*(US) US Pres Trump: Based on the lack of respect that China has shown to the World’s Markets hereby raising the Tariff charged to China by the United States of America to 125%; Authorized a 90 day PAUSE, and substantially lowered Reciprocal Tariff during this period, of 10%, also effective...

Healthy auction.

2 hours until the 10Y auction.

Same retards that blame a president (D or R) about prices at the gas pump. Talking heads media love to repeat this nonsense.

Just getting started. 10:29 AMZN Said to cancel some inventory orders from China after US tariff announcement; Products affect multiple products and vendors - press - Source TradeTheNews.com

09:07(EU) EU Commission: Will impose first countermeasures against US on April 15th ; Counter measures can be suspended if the US makes a fair deal - Source TradeTheNews.com

Its only partly to blame. You have the expectations of serious inflation (stagflation) to hit the market as a result of tariffs. A jump in inflation doesnt put the Fed in any position to cut rates. If we have a 10Y auction that no one wants to buy, Fed cutting rates means absolutely fuck all...

BONDS are the real story today. The dumping of US Treasuries is alarming (driving rates up). These are typical safe havens in market turbulence. We have 10 Year auction today that could be disastrous. Yesterday's 3Y auction, if any precursor, was awful.

Disney really giving up most of the recent gains nearing a death cross. Not a good look at all. Weekly chart:

Yes, because the extra payments go direct to your principal loan. The interest payments on the 30yr look atrocious if you pay the normal scheduled payments. Your interest paid reduces dramatically with those extra payments sent in directly to principal balance.

I'd rather do a 30yr and make a bunch of early payments. Ties up less capital if something comes up in the future where you need / want cash.

Good call. Turning daytrades into swings is a surefire way to get in the red and needing to babysit tied up capital. Stick to your trade plan. You know what works. Be ruthless and cut when it doesn't go to plan and move on looking for your next setup.

As everyone was posting their YTD gains. Here's how the pros stack up:

Tesla just fell off a cliff. -7% 11:41TSLA Reportedly plans to delay the Robotaxi to October from August - press - Source TradeTheNews.com

Tech not stonking today. Still just a blip vs the recent run. Meanwhile IWM up 3.5%

Those 2.x% treasuries are underwater because they were purchased some time ago at lower rates. You can buy a 2yr treasury for 4.7% today. So if you were to sell your 2% yield bond on open market, you have to discount it at a loss (because why buy your 2% when I can buy a 4%?). If you hold it to...

As someone who’s used Bookmap for a few years now, don’t get faked out thinking you’re identifying orders with any significance there. Those big orders on whole and half dollar increments are just algos. There is certainly value watching the book like this, but you need to set that right column...

Confidence up and inflation expectations lower. Just a data point to give the market an excuse to run.

Market melt-up resumes gentlemen.

USD/JPY getting interesting. Intervention all but guaranteed at this point. Multi decade levels hit today.

Apple didnt get the melt up memo today.

Yea, hawkish dot plot. Went from 3 projected cuts in 2024 from the May meeting to just 1 cut projected from this June meeting. Markets just don't seem to care.

*(US) FOMC SUMMARY OF ECONOMIC PROJECTIONS (SEP) FOR JUNE: Raises long run rate forecast for second consecutive time; Cuts median forecast projection to 25bps of rate cuts in 2024 (prior 75bps) - Source TradeTheNews.com - Raises Median forecast for end-2024 rate 5.125% (prior 4.625%) - Raises...