Stocks continue to feed on Trump’s misdirection, that ultimately he will back off any hardline issues to protect rising share prices. Behind it all is always the big lie, whatever the arena. He loves to play into a certain perversion of human nature to bully and destroy, to watch even an ally be pummeled.
The markets now reflect share obesity, a fat irrational view of value using absurd projections such as to the power of AI. Big lies are what Trump uses and now engorged business news outlets are being seduced by the power of misinformation.
Imagine all your assets becoming illiquid, slowly leaking value as global political events erode confidence and reveal a world long everything and too stupid to have seen the con.