Good Thursday afternoon. With our markets breaking important support levels and with no signs from the administration that the newly announced tariffs will be modified, the bears are in control.

Our game plan was to sell into rallies, except that we’re just not getting them. It’s now likely that the selling pressure will build overseas and also likely that the markets continue lower from here. As hard as it is to read this, multiply by 100…because that’s how hard it is for me to write and say them.

This didn’t need to happen. As much as we support Trumps use of tariffs, the execution is reckless and irresponsible. A lot of good people…Trump supporters…are being hit hard and there seems to be little understanding of the damage being done in the White House. This is the environment when bad things could happen. Black swan-like events.

Alert: Enter a market order to sell SOXL, NAIL, TNA and TQQQ. We are also selling Bitcoin (and/or ARKB). This is a risk-off set-up that could easi...