Reaction isn’t surprising, a pause in tariff is kinda a big deal (given how much it moved on Monday with the fake tweet, a real one was likely to have a lot more impact).
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But you already know that he is not going to keep the word - do you?
Because keeping the word is only for suckers.!
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Why didnt we believe the fake tweet?
It wasn’t sourced, people speculate it was based on some misinterpreted comments from a different interview: https://edition.cnn.com/2025/04/07/media/fake-news-x-post-caused-market-whiplash/index.html
(normally that account just republishes press releases)
One thing I did - was load on the puts - basically everywhere 
Nothing boosts mood more that belief in humanity
same rule as always, for people that want to trade counter to the trade. Whenever there was a major Event (whether positive or negative), the resulting “wave” runs across the globe for 3 days until it ebbs off. Meaning that today’s news (no tariffs for 90 days) will be fully reflected by Monday Morning.
This is not relevant if you want to buy on these good news, then for god sake just buy immediately if you feel like - but if you want to trade counter the news, aka sell some to re-balance your asset allocation to your (newly discovered) risk appetite. I would generally suggest to do so by Monday Morning. Given no-one trusts the weekend - probably Friday afternoon.
Sticking to the plan, religiously.
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That‘s why we don‘t time the market. Keep investing, ignore the noise.
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There you go. Peace of mind.
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SMI tomorrow, any guesses?
You didn’t 
Long way down still or just buy some and don’t look at it for 10+ years.
+7%
I didn‘t because my bonus always happens to be right before bigger market declines. March 2020, June 2022, April 2025. Why not January? 
Well look, you know how the “miss X days in the market…” articles always say how the biggest moves are in bear markets? This was one of these “biggest move days” that’ll make it into the evolution of this article. For buy and hold it means little if we’re still -13%.
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We had several clients that liqudated 7-figure portfolios this week. One of them was today in the afternoon.
Can‘t wait to get into the office tomorrow.
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Let’s not forget the reality
- We still have 10% global tariffs
- US will “reward” countries if they don’t retaliate to random tariffs
- There is still a chance that “allies” would be pushed to agree on the US Debt trap deal
This is how the world need to work with US. Follow the orders and get a smaller punishment. This is still bullying.
I hope EU & others don’t get relaxed now. They still need to derisk themselves (defence, IT & trade security)
P.S -: not sure if EU is getting 10% or 20%
P.S -: I think this move has something to do with the movement in Congress and US10Y problem
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Was talking to a US colleague today who basically said “my retirement is gone for a few more years, I’m hundreds of thousands down”. I didn’t have the heart to say “yeah but you should have delevered/derisked” as she’s a sweetheart and nobody likes a smartass.
Funny I was planning to actually buy more today as the open far overshot my -20% buy target and I do have dry powder at the ready but thought, give it a bit more, it’ll go down more. I still think it will.
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Well this whole thing surely made me realize that you shouldn‘t be 100% stocks in retirement. I mean I knew it before of course. But experiencing it hits different.
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Tomorrow - orange may declare war on Canada, so hold your expectations…
Till tomorrow
Do you know the tell of Zen Master - from ’ Charlie Wilson’s War’?
If you don’t - then have fun.