There’s a reason I don’t get up four hours before the market opens to opine on what’s happening, but I’m afraid my mega-shifted sleep cycle rules the roost, so here I am.

Last night, there were two big earnings announcements: AMD and GOOGL. I was most interested in AMD, since not only do I find Alphabet’s chart to be incredibly boring, but also because I have a block of June puts with AMD. I got a jump-scare at first, since the stock shot up by $6, but for whatever reason (a deeper look at the report, I suppose?) the stock began to poo all over itself, and it is now – – well – – ugly!

Welcome to the post-tariff world!

Although I have the ironic reality of heading to the airport in the morning, right around the time the market will be opening, I at least wanted to get a post out to get a “hot take” from the futures markets following the mayhem of this weekend.

The /ES, not surprisingly, took an instant triple-digit plunge. It isn’t melting down, because there’s the completely predictable chatter about “oh, Trump’s just playing 8-dimensional chess, and this is all going to be settled in a few days. Goldman Sachs sez so!” I dunno. We shall see. In the little bit of time I’ve spent putting this post together, the /ES has already bounced 24 points above its low.