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"There really is not a significant and notable price level in the S&P 500 or the Nasdaq that you could ascribe to be a potential bounce. That's obviously moderated some. Look at how over-sold we are from a short term. Still 50 is still pretty elevated, although off of the early levels." Thе VIX was north of 60 in the pre-open this morning.

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"When the press conference first started the President said tariffs would start with a 10% baseline across the board. But once he got to specifics and started giving examples which were significantly higher than 10%, that's when futures turned around and went negative because it was worse than expected." That was better than expected, whіch was whу we saw futures rallying.

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