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☕️ Munchers! We typically say good morning but with this market bloodbath, it feels more like we should say, "Good mourning."

On today’s menu:

• 📉 Worst Day Since 2020

• 🤑 Why Is Warren Buffett Killing It?

• 👟 Nike Stock Hits 7-Year Low

• 😬 Nvidia Crashes Almost 8%

• 🤯 The REAL Reason Behind Trump’s Tariffs

• 🇨🇦 Canada Fights Back With Auto Tariffs

BREAKING NEWS

📉 Worst Day Since 2020

Yesterday was brutal. How brutal?

Well, imagine your worst-ever trading day, multiply it by five, then add a surprise margin call. Yeah, that brutal.

The market tumbled harder than your confidence after a fourth consecutive losing trade.

Here’s how it went down:

• Dow nosedived 1,679 points (-3.98%), marking its worst single-day drop since June 2020.

  

• S&P 500 cratered nearly 5% to 5,396.52—its lowest close since Trump’s November victory.

  

• Nasdaq got absolutely crushed, down 1,050 points (-5.97%), its steepest loss since March 2020.

  

Even the "safe" big-cap tech names looked about as safe as using 100x leverage on NFP day (more on that below):

• Nike slid 14%.

• Apple took a 9% haircut.

• Five Below was more like “Twenty-Eight Below,” plunging 28%.

• Dollar Tree fell 13% (even discount stores aren’t discounted enough in this market).

• Tesla and Nvidia weren’t spared either, down over 5% and nearly 8%, respectively.

So, what sparked this bloodbath? Trump’s tariff tsunami. 🌊 

The White House unveiled a tariff-palooza—baseline 10% on all countries kicking in on April 5, with steeper "reciprocal" tariffs shortly after.

Traders hoping for a soft touch got an aggressive root canal instead.

The kicker?

China faces a cumulative tariff of 54%. No, that's not a typo. 🇨🇳

Mary Ann Bartels from Sanctuary Wealth summed it up perfectly, saying these tariffs “were not priced into the markets,” calling it the "worst-case scenario."

But wait, didn’t Trump promise we'd see the "markets boom"? If he got elected, would we be winning so much that we would be tired of all the winning?

He sure did, and yet, the only thing traders are tired of is hitting refresh, hoping the market magically turns green again.

So, are things going to get better or worse?

The honest answer: Nobody has any idea. 🤷

But what’s clear is that the major indexes are breaking through key psychological levels and if the S&P doesn't hold 5,500, we could see another 5-10% drop, potentially targeting 5,200-5,400.

Remember Trading 101: When traders run from stocks, they usually sprint into bonds—which is exactly what happened.

The yield on the benchmark 10-year Treasury plunged below 4%, hitting the lowest point since October 4th

And if that wasn’t enough red ink, oil decided to join the party.

Crude fell a whopping 7.11% ($5.10), now chilling at $66.61 per barrel, thanks to a delightful combo of tariff-induced growth fears and OPEC+ deciding to pump even more oil. (Guess someone forgot the market already had enough drama.)

Bitcoin was surprisingly tame, down just 0.24% to $82,333. Guess crypto traders figured stocks needed the spotlight for once.

And while traders lick their wounds, Trump hinted at being "open" to tariff negotiations—despite his aides insisting these tariffs weren’t negotiable. Go figure.

The bottom line: Yesterday wasn’t just rough—it was historic.

Like "2020 flashbacks and panic-breathing-into-a-paper-bag" historic.

Whether you’re bullish, bearish, or currently hiding under your trading desk, one thing's clear: This tariff drama is far from over.

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MARKET OUTLOOK

🤑 Why Is Warren Buffett Killing It?

Warren Buffett might look like your grandpa, but while your portfolio’s getting stomped, ol’ Warren is out here printing cash.

Berkshire Hathaway’s Class B stock just surged to a record high ($530 per share, up 17.5% this year alone)—while everyone else is sweating through a tariff tantrum.

So what's his secret sauce?

Buffett’s playbook isn’t flashy, but it’s rock solid: his top holdings read like a Hall of Fame lineup of recession-proof classics—Apple (22.4% of the portfolio), American Express (13.8%), Coca-Cola (10.8%), and Moody’s Corp (4.0%).

While Nike's cratering under 46% tariffs from Vietnam, Buffett keeps his cool by betting big on stable, mostly domestic giants with massive cash flows and minimal overseas headaches.

Apple, for example, in the last 6 months, is down only around 10% despite the global chaos, cushioned by a massive cash reserve and a strong domestic business.

Coca-Cola and American Express? Practically bulletproof to trade-war turmoil.

But Buffett’s real power move: he's sitting on a mountain of cash.

When everyone else panics and stocks hit clearance-sale prices, he pulls the trigger. That cash isn’t just protection—it’s opportunity.

Bottom line: Buffett’s crushing it because he stays patient, ignores flashy trends, and calmly waits to buy your panic.

So next time someone calls your trading boring, remind them Buffett’s brand of boring just hit an all-time high.

STOCKS

👟 Nike Stock Hits 7-Year Low

Nike investors just took a kick to the teeth, and no, this wasn’t the kind of "Just Do It" they had in mind.

After Trump’s new tariffs announcement—hitting imports with eye-watering rates, especially in Asia—Nike shares sank like my account balance after a "high conviction" trade.

Here’s how ugly it got:

Nike stock dropped 14% in a single day, plunging to its lowest level since October 2017.

And the annual performance? It’s off nearly 40%.

Yep, $12 billion in market value vanished faster than you can say "new Jordans."

Here’s the tariff breakdown causing the pain:

• Vietnam: 46% tariff. This one's especially brutal since Nike employs a whopping 530,000 people there. Ouch.

• Indonesia: 32% tariff

• China: 34% tariff

And contrary to some political dreams, Nike won’t be relocating production back to the U.S. anytime soon.

According to Peter Schiff, building factories stateside would be even more expensive than swallowing those steep tariffs.

Meaning?

Americans will get fewer sneakers at higher prices—perfect timing, considering we'll all be walking more after our portfolios get crushed.

It wasn’t just Nike taking the heat. 🔥 

Rivals like Adidas, Puma, and retailers Foot Locker and Dick’s Sporting Goods saw their stocks tumble too. Clearly, tariffs don't discriminate—misery loves company, after all.

The takeaway?

Traders betting on sneaker stocks might want to lace up tight, because this tariff-fueled drop could be just getting started.

PROP FIRMS

🤑 Friday Motivation

🚀 Pre-Market Fuel

1. This is the REAL reason behind Trump’s tariffs. 🤯 

2. Nvidia crashed by almost 8%. 😬

3. One of the only stocks that crushed it yesterday? McDonalds. 🍟 

4. Canada launches 25% reciprocal auto tariffs. 🇨🇦 

🍪 Munchy Memes

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