Good morning, everyone. Well, folks, this is what we’re dealing with. I’ve been doing this since 1987, and I’ve never seen anything like it. Not even close.

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Good morning, everyone. Well, folks, this is what we’re dealing with. I’ve been doing this since 1987, and I’ve never seen anything like it. Not even close.

The bears have been absolutely smashed in April, and the month isn’t even half over. To be clear, I’m still sporting a healthy profit for 2026, far outpacing the market in general, but my experience since March 30th has been an anesthesia-free vasectomy. It’s been awful, and today isn’t any different.

We just experienced one of the biggest overnight sessions in market history thanks, as we all know, to Taco Tuesday. (Interestingly, this was a virtually day-for-day replica of what happened precisely a year ago, since likewise on April 7th the white flag went up, but that time for tariffs instead of war). Fortunes were made. Fortunes were lost. And, in some cases, fortunes were nicked (raises hand).
