No goal-save from Powell this time.
Fed pausing further rate reductions.
https://www.cnbc.com/2025/04/04/powell-sees-tariffs-raising-inflation-and-says-fed-will-wait-before-further-rate-moves.htmlPowell says, let it burn too.

A little less than half of America bought this ticket.
Now we all get to take the ride.
I just made sure I was sitting near the escape hatch.

There eventually will be a bottom. Given how distorted the state was before this started, when it's over, I would not have been surprised at all to have seen a 60% drop in the market from the peak.
That may not happen all at once. Typically there are one or more Sucker's Rallies that may even last for a couple of months. Only to go back into free-fall once more suckers have been drawn into the kill-zone.
If Trump were to capitulate and materially back down, this might stop the bleeding for a while. I will have to reallocate quickly. I don't see that happening. I see doubling down over and over.
On the bright side, you're watching history unfold.
