The risks in the market for equities are significantly mispriced.
The correction we just saw was more of a symptom. It does not qualify for the first step in any kind of a market break or a crash sequence.
It was a reaction to Donnie making retaliatory tariff threats against China, which he quickly walked back, as he is often wont to do.
He tosses things off the top of his head quite often, in case you have not noticed.
But consider this a taste of what will happen in the event of a financial or geopolitical shock of consequence.
Daisy was driving me nuts during the storm. Thunder doesn't bother her but I think she is aquaphobic to the extreme. I had to give her a bath as well. What a calamity. She's little but sneaky and wiry.
Have a pleasant evening.
