More of the Same

Markets aren't going anywhere positive until the taps come back on...

Good morning:

Did you notice that President Trump has been criticizing Jerome Powell, and that caused markets to sell off yesterday?

Good.

Whatever you do, do not look at the stock that seemingly propped the market up for two years, Nvidia (NVDA).

This selloff has nothing to do with that. Ignore it.

Nvidia being down 30% since the new Chinese AI model DeepSeek released is no big deal. The company has only lost $690B in market cap so far this year, I doubt it's having a material effect on the rest of the market.

Did you hear what Trump just said about Powell?

OMG.

You should visit Truth Social and take a look. There is no way the market can survive this one (eye roll).

And look - trade deals with India and Japan are "progressing significantly" this morning!

Even Vietnam is rumored to be buying F-16s! Futures up 1%! Crisis averted! (sarc)

Just know that while you're focused exactly where they want you, they are dumping their bags on retail hoping they can find some poor soul to lighten thei…