Last week, the news flow around tariffs rocked the markets like small craft in stormy seas, and the end result has become an uncomfortable trend. The SPY closed with the worst 3-week slide since Dec 2022. This makes it the worst 3-week slide of the current bull market. At the low for the week and Friday, the pullback from the all-time highs measured over 7%. Nasdaq’s performance based on the QQQ was similar but more
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