President Donald Trump's 90-day tariff reprieve, with China being the only exception, spurred the stock market to soar yesterday, the S&P by 9%, the third-largest gain in a day since WW2, the Dow Jones had its biggest percentage gain since March 2020 and the Nasdaq the biggest one-day gain since January 2001, and second largest ever. However , noting that this 90-day delay will still mean a 145% duty of all goods from China, 25% tariffs targeting much from Canada and Mexico and 10% levy on all other imports from the world over, the market sank again today:  S&P dropped 3.46%, Dow Jones down 2.5%  (1,015) and Nasdaq Composite declined 4.31%.  Gold rose to $3117.60/ounce, 3.2% higher.  Bitcoin fell to just under $80,000, Coinbase fell 6%, while Ether and Strategy lost 8%.  Tomorrow?  Depends on what Trump does to further his insider options. Time  magazine speculated : Other Democrats raised more serious concerns. Sen. Adam Schiff of California t...

Bad day for President Donald Trump yesterday, but today is looking a little better. Well, it started well this morning, for the Dow Jones jumped more than a thousand points during the first hour, but, like the S&P and Nasdaq, they all fell for the day into deep negative territory.   At least it's not another major wipeout today . The new wave of Trump tariffs will become effective at midnight.  More than 80 countries have indicated a desire to negotiate.  China remains defiant. Talks will begin this weekend with Iran about their nuclear program . The Supreme Court is more and more ruling to support most of Trump's deportation and federal employee firing matters . As you know, 18-year old Barron Trump is at New York University, and is 6'7" tall.   Has a swarm of protective secret service agents dressed like students, and even follow him into a bathroom. Is enrolled in the Stern School of Business.   While of course still a freshman, this school cost...