Markets are closed for Memorial Day, but futures are up: Nasdaq +1.4%, S&P +1.3%, Dow +1.1%. Why? Trump delayed EU tariffs from June 1 to July 9. Investors have seen this movie before — threat, panic, retreat. UBS says markets still flinch even if they know it’s a bluff. Retailers might use the “threat” to hike prices anyway. Inflation without actual tariffs? That’s the magic trick.

#dailybullrun