☕️ GM Munchers! Did you miss us yesterday? The market has been giving us so much heartburn we had to take a day off to chug Pepto like it was our morning coffee.

On today’s menu:

• 📉 Trump Announces Massive Global Tariffs

• 💹 What Do Tariffs Mean For Traders?

• 🇨🇦 CAD Dodges Tariff Bullet, USDCAD Takes a Dive

• 😬 Americans Are Not Paying Their Mortgages

• 🤑 What A Billionaire Thinks About Tariffs

BREAKING NEWS

📉 Trump Announces Massive Global Tariffs

Folks, grab a coffee and hide your wallets.

President Trump just dropped a tariff bomb—announcing massive reciprocal tariffs targeting nearly every trading partner.

And yes, your portfolio feels like it's playing a game of Jenga right now.

Here's the skinny 🧵

• Trump unveiled a baseline tariff of 10% on nearly every country, effective April 5, but some countries will get hit harder. Much harder.

• China faces a 54% tariff (34% new + 20% existing), Vietnam gets slapped with a hefty 49%, and the EU will see a crisp 20% tariff rate. Ouch.

• Canada and Mexico dodged this bullet—for now. They remain under the current USMCA tariff regime. The Canadian dollar loved the news, jumping instantly against USD.

• Your favorite sneaker brands? Nike tanked 6%, GM slipped 3%, and Nvidia and Tesla each shed about 3%. Even if you don't trade sneakers, your stocks might feel like you're walking barefoot over LEGO today.

Traders' Reaction? 😬 

They weren't expecting tariffs to be this severe. Investors anticipated a gentle 10% rate, not a tariff earthquake.

• The after-hours S&P 500 ETF (SPY) fell 2%.

  

• Nasdaq ETF (QQQ) slid 3.3%.

  

Overall, stocks ended Wednesday slightly up (S&P +0.7%, Dow +0.6%, Nasdaq +0.9%) on hopes Trump would go easy.

Surprise—he didn't. ❌ 

This tariff rollout was messier than your desk after a blown account, leaving traders sweating recession risks and economic chaos.

When it takes effect:

• Baseline tariffs kick in April 5.

• Higher reciprocal tariffs start April 9.

Trump's comment?

He claims this is one of the "most important days in the history of our country."

We'll see if our brokerage accounts agree.

Stay tuned, keep calm, and trade on.

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TRADING IDEAS

💹 What Do Tariffs Mean For Traders?

Tariffs are the hottest buzzword since “AI,” “crypto,” or “guaranteed no slippage.”

But beyond the chaos in headlines and Twitter meltdowns, let’s talk about what tariffs actually mean for you—the trader staring at your charts and hoping your next trade doesn't become another therapy session.

1. Sector Rotation Gets Wild 🌀

Tariffs flip sectors upside-down faster than you flip from bullish to bearish after two red candles.

Autos got hammered—Ford sank 4.9%, GM dropped 5.2%, and Tesla slid harder than your equity curve after chasing NFP news.

Smart traders don’t just watch the bloodbath; they track where the cash rotates next.

Yesterday it was autos getting smoked; today, commodities and gold look shinier than a freshly funded account.

2. FX Markets Go Turbo 🌪️

FX traders, tariffs are your personal Christmas.

Yesterday’s 130-pip drop in USD/CAD was just the warm-up.

As global tit-for-tats escalate, anticipate huge moves—not just in majors but commodity currencies too (watch Aussie and Kiwi closely if China jumps into the ring).

Trade smart, think ahead, and keep your stops tighter than your wife's grip on your credit card at Target.

3. Rates vs. Recession: Central Banks Panicking? 🚨

Slowing growth from tariffs means central banks may hit the panic button and start cutting rates.

Sounds great for risk assets, but remember: rate cuts triggered by fear (not optimism) can kill the party fast.

Stay alert. If central banks look like they’re sweating, markets could flip bearish faster than you can say “margin call.”

4. Fed vs. Trump: Trader Edition 🍿

Powell wants inflation low, Trump wants rates lower, and traders just want a trend that lasts longer than their New Year's resolutions.

This ongoing drama equals volatility, whipsaws, and plenty of opportunity—if you can stomach it.

Bottom line?

Tariffs aren't just noise; they're macro events with big-time trading potential.

So sip your coffee, keep your risk tight, and buckle up. It’s gonna be a bumpy (but profitable) ride.

FOREX

🇨🇦 CAD Dodges Tariff Bullet, USDCAD Takes a Dive

While the rest of the globe scrambles to digest Trump's massive new tariffs (yes, 54% for China is real), the Canadian dollar just breathed a huge sigh of relief.

Here's why:

Canada (and Mexico) snagged exemptions from the baseline 10% tariff and the hefty reciprocal rates—at least for now.

The current USMCA rules still stand, letting trade flow as smoothly as maple syrup.

That's a big deal because Canada isn't just some small fry. It's America's third-largest source of imports, just behind Mexico and China.

So traders quickly realized Canada wasn't about to face the economic hit that sent stocks down faster than my confidence after my wife asks, "Did you remember what day it is today?"

Cue the drop: USDCAD sank ~130 pips after Trump's announcement and is now chilling around 1.424.

Turns out, dodging a global tariff bullet is great for your currency.

So yes, Trump unleashed global chaos today, but the CAD? 🇨🇦 

It’s sitting back, sipping a tariff-free double-double, and enjoying its rare moment of calm.

PROP FIRMS

🤑 Thursday Motivation

🚀 Pre-Market Fuel

1. Here’s what Ray Dalio, the billionaire investor, thinks about the current tariffs.

2. 6.1 million Americans are behind on their mortgage.

3. Is China making better cars than the US? This car tour is insane.

4. Canadians leaving Canada hit the highest rate in 58 years.

5. Amazon tries to buy TikTok.

🍪 Munchy Memes

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