The Great Trump Slide…

Today’s action makes it clear that we have witnessed a classic fish hook pattern be created in the Nasdaq 100 stock chart. This means that the March 13 lows were probably the halfway point in the 100 day Trump Trial Period.

Nobody cares what Trump says at this point, the rest of the world has learned to do their own thing and let him flip-flop around like a caught whale.

And the Atlanta FED first quarter GDP was just updated to -1.8 percent, not updated to a positive number that Treasury Sec. Bessent was adamant about in his interview last week.

Also, the strong durable goods number today indicates that companies are trying to front run the tariffs by stock piling materials, not a positive for earnings as the consumer is in no mood to be buying stuff.