This tariff event is our new Covid crash. The short term seems scary, I get it. No one likes red days and markets doing their worst since the worst crashes in recorded history. The thing is that post-Covid crash what happened? The greatest market boom of all time Global m2 still pumping. The FED will be forced to cut. If job markets weaken more then QE could even come in. The FED said no QE without a crisis... well here is the crisis. JP Morgan even saying that emergency rate cuts could be coming. We could still have a lot more pain in asset prices to digest before this plays out. BUT, chances are we could see Q3/Q4 having some very big moves. Now, just survive.