One of the primary goals of the current administration seems to be to weaken the dollar & lower yields. Both of these goals have arguably been pretty succesful so far in the ~2 months since inauguration. We do know there has been collateral damage in achieving this and the real question in the end will be whether it was worth it and if it was the correct strategy or not. We do know the US has to refinance ~9T worth of debt this year. So every basis point lower on long term bond yields is a lot of money "saved" in the long run. A cheaper dollar can help improve US exports due to cheaper goods but also brings the risk of higher inflation. It's a thin line to balance this all out. I think the main reason for the administration to go hard on tariffs etc now is also partially because in 4 years time, barely anyone will remember what happens now. It's also still possible to blame the bad performance in markets on the previous administration. Lastly, it sets you up for a reversal and more positive momentum into the midterms in 2 years. I'm no macro expert and just stating some of the obvious things here as a bit of a summary. I think times like these are great to study while it's happening and especially once the outcome is more clear. Good luck out there today especially as the proposed tariffs are to be announced. My guess is that we'll barely hear the word tariff 3 months from now and the markets will have found a new narrative to obsess about. That's the way things go.