During the weekend of October 25/26, the final TACO act was performed when Bessent and Trump proudly announced that the trade war with China was suspended for a full year. Trump called the meeting a “12” on a scale of 1 to 10 (Ha ha! Oh, that guy! What a card!)
The market rallied mightily. But now it’s done. 100% of the idiotic rally has been laid waste, and no facts about the meaningless “deal” have changed. God, people are gullible.
