PRE MARKET

Never say the fed doesnt matter. Another pivot and another turn. We expect the fed to cut rates in either June or July. Markets repairing some of the recent damage. We will know more by how things pull back when they pull back. But not this morning. Even with continued talks on tariffs, market is up pre-market.

Speaking of tariffs. There will be no 25%, no 20%, no 15%, no 10%…maybe we get 55 for short term but no chance it goes further. That’s our thoughts and will stick to them. We know. We know this president is different but he knows what happens if he goes all in on this. But again, dont worry. The fed is to the rescue once again…not for the economy but for markets.