TACO strikes again! As expected, Trump’s “tough guy” schitck didn’t mean dick, and the Friday “100% tariff on China!” nonsense was reversed swiftly. The market, wisely, is starting to completely distrust the guy, so instead of utterly reversing its losses, it has deigned to give up just half of them. The /ES, for instance, spiked higher on Sunday and has been marking time ever since. You will note that the initial tariff-scare plunge (left side of chart) is fully intact.





