Our thoughts on today's market crash, the worst drop since 2022: 1. Heading into this week, investor confidence was at a pivot point. 2. We were at the point where investors were debating whether to "buy the dip" or a broader decline has begun. 3. President Trump saying he is "not watching the stock market" on March 6th began the first signs of panic selling. 4. Then, his interview on Fox News Sunday night made it clear that Trump is WILLING to weather a market downturn to obtain his policy objectives. 5. These objectives include lowering interest rates, lowering inflation, and reducing the US trade deficit. 6. Why is this important? Because the precedent in Trump's first term is that he would do whatever it takes to support asset prices. 7. This now marks the first sign of willingness to allow markets to fall to obtain goals which Trump believes will be a net benefit to the US long-term. Effectively, the market is trading on the narrative that President Trump has said himself, multiple times. "Short-term pain for long-term gain" has become a reality. Read more in our thread below.