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☕️ GM Munchers! The market just pulled a classic wife move—after five days of yelling, panic, and emotional whiplash, it smiled sweetly and said, “I’m fine.”

On today’s menu:

• 📈 The Biggest Rally Since 2001

• 🤔 Was Trump Crazy or Genius?

• 🚀 Bitcoin Bounces Back

• 🍏 Apple Has Its Best Day Since 1998

• 😬 Kevin O’Leary Calls For 400% Tariffs on China

BREAKING NEWS

📈 The Biggest Rally Since 2001

Well, that escalated profitably.

After weeks of volatility, recession warnings, and emotional damage to our portfolios, Wednesday gave traders something they hadn’t seen in years: a full-blown melt-up.

We’re talking history books, Guinness Records, and “where were you when…” levels of green.

The S&P 500 surged 9.52% — the third-biggest one-day gain since WWII.

The Dow?

It soared 2,962 points, or 7.87%, its biggest gain since March 2020.

And the Nasdaq?

Not to be outdone, it exploded 12.16%, its second-best day ever, only behind a single session from 2001.

💡 For context: The Nasdaq just posted a bigger one-day gain than anything we saw during the entire COVID bull run.

That’s not bullish, that’s America-just-discovered-preworkout bullish.

So what happened?

Turns out, all it took was one post from the president to trigger a buying frenzy.

At 1pm, Trump announced a 90-day pause on tariffs for every country except China (whose new rate was just hiked to a spicy 125%).

Markets immediately flipped from fear to FOMO. It was a move so sudden and extreme, some traders online literally didn’t believe it was real.

Even Jamie Dimon, who was warning about a recession hours earlier, probably had to double-check his Bloomberg terminal to make sure the numbers weren’t glitched.

🟩 By the end of the day, every sector closed green.

Technology led the way, jumping 24% ($AAPL ( ▲ 4.06% ), $MSFT ( ▲ 1.86% ), $NVDA ( ▲ 3.12% )), while even the usually boring real estate sector managed to eke out a win.

Bond yields also spiked.

The US 10-year yield rose 10 bps to 4.35%, and the 30-year yield saw its fastest 3-day rise since 1982.

Why?

Because bond traders started pricing out the doom and pricing in the boom.

The rally didn’t stop in the U.S. either.

Japan’s Nikkei 225 is set to open up 11%, its biggest jump since 2008, thanks to a flood of optimism making its way to global markets.

🧠 Zooming out: Trump’s announcement may have been reactionary (he admitted people were getting “scared and yippie”), but it worked. At least for now.

More than 75 countries have reached out to negotiate trade terms. And while none of those deals are locked in yet, the market clearly thinks the worst may be behind us.

But here's the real kicker…

Markets just gained $4.3 trillion in one day.

So if you feel like your account just got resurrected from the dead, it did.

But don't go quitting your job or buying a Lambo just yet. ❌ 

With tariffs still looming (China's sitting at 125%), trade talks incoming, and inflation hanging around like a bad ex… we’re still far from out of the woods.

Still, if you made money yesterday, congrats. That wasn’t just a bounce.

It was history.

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MARKETS

🤔 Was Trump Crazy or Genius?

Some of you reading will hate Trump no matter what. Others, no matter what he does, think he’s better than sliced bread.

And that’s totally fine.

But this discussion isn’t for those buried so deep in their political camps they can’t see daylight. At the end of the day, if you can’t at least talk about the possibilities, you’re a bad party guest.

So let’s dig in...

Trump’s tariffs caused absolute chaos. Markets tanked. Yields soared. Traders cried.

And then—boom—yesterday, he walks it all back (well, most of it), and markets rallied like it was the second coming of QE.

Was it all just part of the plan?

There’s a theory floating around that Trump orchestrated the entire tariff storm to tank the 10-year yield.

Why?

Because the U.S. has trillions of dollars in debt coming due over the next 9 months.

Lowering the 10-year rate would save taxpayers hundreds of billions in interest payments.

If that doesn’t happen, the Fed would likely have to print the money… and cue more inflation.

And for a minute—it was working. Yields dropped to below 4% earlier this week.

But then, alarm bells started ringing. The 10-year yield spiked back above 4.5% in one evening. And suddenly, everything changed.

That very night, Trump hit the pause button.

Coincidence? Maybe. But the timing is... let’s just say convenient.

To make things even more sus, Trump posted “THIS IS A GREAT TIME TO BUY!!!” just 3 hours before the tariff pause announcement dropped.

Some are now calling for an insider trading investigation. Others are just calling it peak DJT.

Meanwhile, economists like Chamath and Adam Oxsen are framing this less as a trade war, and more as an attempt to rebuild American industrial capacity after decades of offshoring.

Others, like Bill Ackman, are praising the move, saying this was the perfect setup to force global negotiations and get countries to finally drop their own trade barriers.

So, crazy? Genius? Maybe both?

Whatever your take, one thing’s clear: the U.S. just flipped the global trade chessboard over—and now we’re all watching to see who scrambles to put the pieces back together.

Stay tuned. This story isn’t done.

CRYPTO

🚀 Bitcoin Bounces Back

Bitcoin said, “Don’t forget about me,” and launched over 7% on Wednesday to $82,305 after Trump’s tariff announcement.

The move came just hours after BTC dipped to $74,567 when the 10-year Treasury yield briefly spiked above 4.51%.

It wasn’t flying solo. Altcoins and crypto stocks joined the breakout:

• Ethereum, Dogecoin, and XRP gained over 12%.

• Solana soared 14%.

• MicroStrategy popped 23%.

• Robinhood jumped 24%, and Coinbase rallied nearly 17%.

But don’t get too comfortable…

Bitcoin has spent most of the year chopping between $80K–$90K, and it’s still down ~12% YTD and ~25% off its all-time high.

Volatility remains high, and uncertainty hasn’t left the chat.

Long-term, BTC’s outlook still hinges on the dollar, inflation, and whatever geopolitical drama gets served up next.

For now? Enjoy the bounce—but keep that stop-loss close.

PROP FIRMS

🤑 Thursday Motivation

🚀 Pre-Market Fuel

1. Apple had its best day since 1998, flying 15%.

2. What is China going to do? Here are 3 interesting ideas on what might happen next.

3. Job cuts may be coming to Microsoft.

4. Kevin O’Leary Calls For 400% Tariffs on China

5. A great reminder from Warren Buffett on what is needed in these types of markets.

🍪 Munchy Memes

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