#CPI&JoblessClaimsWatch Trump spoke — the market tensed up

Here’s a brief summary of Trump’s speech in the Cabinet yesterday:

– there will be difficulties in transitioning to new tariffs,

– but then there will be "incredible growth",

– we will buy chips from anyone,

– revenues from tariffs will go towards paying off the national debt,

– with China "everything will be fine",

– "the first deal is close",

– there will be no exceptions.

In general, everything as always: pure positivity against the backdrop of a trade war.