Morning broke over the market like a tired traveler on a dusty road. The opening bell unleashed a storm of multi‐trillion-dollar swings, and the investors—like weary souls in a Steinbeck tale—found themselves grappling with whispered promises and perilous tariffs. 🤠
No sooner had the day begun than a rumor floated across the modern agora, X, where gossip travels faster than a tumbleweed in the wind. The word was that Kevin Hassett, that keeper of fiscal secrets, had murmured of a 90‐day pause on tariffs—a pause as unlikely as rain in a summer drought.
This tall tale sent the S&P careening, dropping a whopping $3 trillion from its daily low, as if an unseen force had yanked the market from around its neck.
Soon, the clarion call of CNBC and even the White House rang out, dismissing the pause as “fake news” with a sardonic smile. Yet, despite the denials, the market danced its wild jig, losing even more ground in a mere 30 minutes.
Like one of those epic sagas recounted in hushed tones at the county store, it was said that this was the grandest half‐hour swing in market cap ever witnessed—a spectacle that would set tongues wagging for generations. 😏
Not long after these fiscal frolics, President Trump, a character as colorful as any found in the dusty pages of a Steinbeck novel, strutted onto Truth Social. He proclaimed that the United States would hurl an extra 50% tariff at China—on top of an existing 34%—should China refuse to withdraw their own 34% slap. One could only chuckle at the absurdity of it all as if watching a rambling roadside preacher.
In his declaration, he warned that if the alleged abuses were not undone by April 8th, 2025, the tariffs would mount like a relentless, unyielding tide, and all talks with China—as well as with other wayward countries—would be cut off cold.
And as the dust settled over one scene of this financial dust bowl, the crypto market was left gasping like a parched mule at a watering hole. Over $1.64 billion in liquidations vanished in the last day, leaving behind a trail of vanished dreams.
Meanwhile, Bitcoin, that elusive wanderer of the financial frontier, was trading at a steadfast $78,350—a number as enigmatic as the characters roaming the fields of a Steinbeck landscape. 😄
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2025-04-07 21:22