Market views update Markets crawl higher if headlines remain neutral to benign this week, then freeze as we await April 2nd, which is reciprocal tariffs day announcement or, as Trump called it, Liberation Day. April 2nd is similar to election night, a binary event. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen. Trump could go soft, in which case markets would rally fast and furiously. Or could go half-way, adding uncertainty on timelines, in which case markets would take out the stops of all longs and shorts. Or go all out, in which case markets could easily crash another 10% to 15%, fast. In worst case scenario sh*t would hit the fan then tariffs would start coming off as Trump negotiates hard in the following month, in which case peak negativity would hit around week 2 of April, which would coincide with US Tax Day. The US economy is still strong, but will highly likely slow down due to tariffs regardless of the path Trump chooses. But every economist already expects a very sharp economic slow-down into year end. Which means, it is already largely priced-in. Will share a more thorough update on views around tariffs, probabilities, and their economic impact this week time allowing.