Just 9 days to move 10% down and then 10% up. Haven't seen that kind of price action often, and it always ended one way.

@bullcase

India offers zero-for-zero tariffs on auto parts, steel, and pharmaceuticals up to a certain quantity of imports from US. -sources

🚨Ackman says next step on tariffs should be a 180-day pause [Bears are dead]

@bullcase

🚨Bill Ackman CNBC interview: "The right thing to do, in my view, is we pause on China. Let’s give it a little more time. Maybe it's 180 days because we're going to be busy here"

@bullcase

Trump administration says it will pay immigrants in the United States illegally $1,000 to go home - AP

🚨US Treasury Sec Bessent: US will solidify position as home of global capital. US market are anti-fragile, over a long-term horizon it's never a bad time to invest in America.

Bessent: Trump's tariffs, tax cuts and deregulation agendas are interlocking parts to drive long-term investment to US economy

Kyodo: US rejects Japan full exemption from 'reciprocal' tariffs

Kyodo: US would consider lowering 14% Japan-specific tariff

Trump: Just had a good call with Turkey's Erdogan. Erdogan invited me to Turkey, he is coming to DC.

Citi CEO says clients are prepping for headwinds

Citi CEO: most companies are a bit in limbo land, there's a wait-and-see going on. Most can absorb 10% tariffs.

Bessent: 100% expensing for equipment, factories, along with tax certainty and lower energy costs, will accelerate U.S. economic growth

🚨Bessent: We could see substantial progress on trade with China in coming weeks

Bessent: I am highly confident that 17 trading partners excluding China have presented very good trade proposals

Bessent: Fed's favorite inflation measure is down, market isn't pricing in inflation

🚨DOW TURNS POSITIVE, LAST UP 0.2%

US House Unveils Crypto Market Structure Bill

Indonesia's digital ministry has suspended Sam Altman's World (formerly Worldcoin) over alleged registration violations and suspicious activity.

According to CNBC, Donald Trump has two crypto-focused dinners scheduled for this month. The first, titled the "Crypto & AI Innovators Dinner," is taking place tonight, May 5, and is hosted by MAGA Inc. It features guest speaker David Sacks and costs $1.5 million per plate. The second dinner, scheduled for May 22 at Trump National near Washington, D.C., will be open to the top 220 holders of the TRUMP meme token, selected through a blockchain-based contest.

@bullcase