I want to share an observation with you. It’s another element that confirms my bearish bias for the coming weeks and months: Trump addressed the nation exactly one year ago, when he announced the tariffs. We all remember how the markets reacted afterward. Last night, he addressed the nation again, and the markets have already started to react. History doesn’t repeat itself, but will it rhyme this time as well?

I want to share an observation with you. It’s another element that confirms my bearish bias for the coming weeks and months:

Trump addressed the nation exactly one year ago, when he announced the tariffs. We all remember how the markets reacted afterward.

Last night, he addressed the nation again, and the markets have already started to react. History doesn’t repeat itself, but will it rhyme this time as well?