Tariffs, tweets, and trade, oh my! What kind of week would it be if we didn’t have some crazy tweets? A peaceful week, that’s the kind. Nevertheless, the President and his team are ramping up the rhetoric when it comes to implementing tariffs against not only China, but also on Mexico. Despite having negotiated the USMCA, which is like a NAFTA 2.0, the President was and is willing to slap on new tariffs. How are the Chinese to interpret this? Will this bring them closer to the table or force them to dig in even deeper? Regardless, there is much more that we have to note as last week we witnessed only 75,000 jobs created for the month of May, well off estimates for 180,000. No tweets from the President on this by the way. Nevertheless markets rallied, because we are back in the, “bad news, is good news” cycle because the crackheads on Wall Street want their fix and the Federal Reserve may just come through. So any bad news that comes out is actually “good” because it means the Fed is more likely to cut interest rates. You know, that policy that caused huge malinvestments and is likely to bring the world to its knees – yeah, that one!