🚨 Real-time market chaos:
At 4:25 PM ET, S&P 500 futures were +1.7%.
At 4:26 PM ET, Howard Lutnick handed Trump a “reciprocal tariffs” poster.
By 4:42 PM ET, -$2 TRILLION in market cap vanished—$125B per minute.
Big tariffs = more rate cuts. But while inflation from tariffs may fade, damage to business sentiment and exports could drive unemployment higher.
Markets aren’t pricing this in. Yet.
HODl #Bitcoin