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Things were swimming along just dandy this morning until Scott Bessent, the Treasury Secretary, decided to make his daily announcement that trade deals were coming Real Soon Now. This was augmented by Trump stating he would have some “good news” to share on Thursday. Markets exploded higher, and in my inimitable style, I slipped on a pink sundress and immediately covered 4 of my 20 positions.
You already know what happened next.
Palantir is down about 20% from yesterday afternoon’s brief post-earning spike. Even Karp’s ridiculous mane couldn’t save it this time.
Two red days in a row? Is that even legal? Well, before we get into that, let’s look at a couple of markets which suggest to me that we’re going to war, even though there’s no chatter about it.
Oil has completely shaken off its production news from the weekend and continues to zip higher, rendering the Sunday gap moot.
