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“A 90-day pause” on tariffs was the secret sauce. That was all it took for majorly beaten-down stocks to go ballistic this afternoon, anywhere from 6.4% to 9.3% by 3 PM.
(Don’t get comfortable – more on that in a minute.)
More than 75 U.S. trading partners caught a break, but there’s one country that didn’t get to sit in on the love-fest.
A certain gigantic Asian commercial superpower… was hit with even more tariffs – 125% for those of you who are still counting. That didn’t seem to faze the traders who’ve been starving for news for more than a week, but I’m here to tell you…
China is actually the piece of the puzzle that matters most right now – and here’s why…