NEWS
Rally Had Us Going In The First Half NGL

Welp, the Vix closed at a five-year high, so your guess is as good as mine what’s going to happen tomorrow.

Like Monday, everything changed after someone tweeted. This time, stocks started to tank after a report from the White House that the Trump administration was moving forward with the 104% tariff salvo because China had not backed down.

The morning’s +4% rally fell away, and the market trended toward the red until the close, recording a $2.3T market cap loss for the S&P 500. The index closed below 5k points for the first time in nearly a year—welcome back. 👀

Today's issue covers Republicans criticizing the tariff drop, insurance firms climbing on a new government payout, and a pot stock getting smoked. 📰

Here’s the S&P 500 heatmap. All sectors closed red, with financials (-0.17%) leading and consumer discretionary (-4.29%) lagging.

And here are the closing prices: 

STOCKS
The Biggest To The Worst Turn Around 🐻 

Headlines this morning claimed it was the best one-day gain back for three years—before everyone remembered that yesterday, Trump legitimately doubled down on his reciprocal tariffs, now launching at midnight.

Remember, it’s tariffs on 86 countries, though China levies alone could amount to more than $400B in taxes collected this year based on last year's trade numbers. Double or nothing is not a great look for stocks, and the market sits 1% away from bear territory. 🤯 

Early in the day, BlackRock released a three-month downgrade on all US equities, and JPMorgan put the likelihood of a recession at 79%.

Morgan Stanley sided with BlackRock's Larry Fink on Tuesday when they said the Fed won’t cut rates this year if tariffs cause inflation. ⚠️ 

Even the GOP has started to voice concern, most notably from the U.S.’s retirement age hall monitors: Senators. Likely feeling the 401k pain, North Carolina Senator Thom Tillis asked Trade Representative Jamieson Greer who he could strangle if this turns out to be a massive mistake.

Tillis might have a point: He was asking when this would all end, when China says so, or when Trump says so. In response to unilateral tariffs on all goods, including steel, China said it was ready to fight until the end. ⚔️ 

A half dozen GOP Senators, including Sen. Mitch McConnell, signed a proposed Trade Review Act last week, granting Congress the right to review trade measures. However, the White House said it would veto the measure, duh.

Peter Navarro, an eight-year alumnus of Trump’s ear on trade, has made his way through more than a few TV interviews. Today, he claimed that 70 countries are on their way to negotiate with Trump, and for most, 0% tariffs won’t be enough. The U.S. needs reparations for buying more goods from places like Vietnam than Vietnam buys from the U.S., he said. 🤔 

Treasury Secretary Scott Bessent said the opposite earlier in the day, that negotiations could bring some “good deals.”

Telsa Chief Elon Musk, no longer appearing alongside Trump, has broken ranks as well to call out Navarro- calling him “truly a moron,” and “dumber than a sack of bricks” after facing criticsm. 😅 

SPONSORED

Big Tech Has Spent Billions Acquiring AI Smart Home Startups

The pattern is clear: when innovative companies successfully integrate AI into everyday products, tech giants pay billions to acquire them.

Google paid $3.2B for Nest.
Amazon spent $1.2B on Ring.
Generac spent $770M on EcoBee.

Now, a new AI-powered smart home company is following their exact path to acquisition—but is still available to everyday investors at just $1.90 per share.

With proprietary technology that connects window coverings to all major AI ecosystems, this startup has achieved what big tech wants most: seamless AI integration into daily home life.

Over 10 patents, 200% year-over-year growth, and a forecast to 5x revenue this year — this company is moving fast to seize the smart home opportunity.

The acquisition pattern is predictable. The opportunity to get in before it happens is not.

INVEST BEFORE BIG TECH MAKES THEIR MOVE

_{Past performance is not indicative of future results. Email may contain forward-looking statements. See US Offering for details. Informational purposes only.}

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.