By Eric Peters, CIO of One River Asset Management
Did stocks puke this Monday? Or last? Maybe both? And I seem to remember that Crypto tanked too because of a trade war with Mexico and Canada that lasted hours. Makes no sense the more I think about it. But maybe I’m conflating that sell off with the DeepSeek air-pocket that happened a month or two ago. Or was that two weeks back?
Big tech ramped up AI spending plans anyway. Why did Bessent wait so long to launch a sovereign wealth fund? And where did Mexico find 10,000 troops to seal off its northern border? Didn’t know they even had an army. And did we impose new tariffs on China? We might have. Or maybe that was Europe, and the Chinese trade war comes later? Saw some clip on X where Japan’s Prime Minister Ishiba pledged to invest $1trln in the US. Does that include existing investments? Oh crap, I might be confusing Ishiba and Mayoshi Son. Oh well.
