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![David Watson 🥑](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="96" height="96"><rect fill-opacity="0"/></svg>)
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This chart perfectly illustrates how fragile market confidence is under Trump’s policy chaos.
April 21: Markets tank as he floats firing the Fed chair—then bounce when he walks it back.
April 22: A rally begins on whispers that he might walk back tariffs on China.
April 23:
It’s insane just how much they are trying to day to day keep the market from finding its real bottom. At some point it won’t work and we are still a ways away from a bottom.
The only way to fix this is with judicial review, with the courts making it clear that the President does not have this authority except in extremely rare and temporary emergency circumstances.
Congress could do their job, but I'm living in the real world.