Early days in April

Some events (with graphs)

Leading up to early April

Coincidence? February 20: Jamie Dimon sells $234 million worth of JPMorgan stock — his first-ever sale of JPM shares. February 22: Warren Buffett reveals a record $334 billion cash pile at Berkshire Hathaway. 30 trading days later: the Nasdaq 100 drops 24%.

Wednesday 2 April

 Friday 4 April

$5 Trillion Gone

The S&P 500 saw its worst two-day plunge since March 2020 in a selloff that slashed over $5 trillion in value, with the gauge down 6% on Friday. The Nasdaq 100 entered a bear market.

Talking about panic.

Monday 7 April

At 10:10 AM ET, rumours emerged that the White House was considering a "90-day tariff pause."

At 10:15 AM ET, CNBC reported that Trump is considering a 90-day pause on tariffs for ALL countries except for China.

By 10:18 AM ET, the S&P 500 had added over +$3 TRILLION in market cap from its low.

At 10:25 AM ET, reports emerged that the White House was "unaware" of Trump considering a 90-day pause.

At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.

At 10:34 AM ET, the White House officially called the tariff pause headlines "fake news." 

By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior.

Sources: Kobeissi Letter, CNN, Econovis, TME, Chartr, Yahoo!Finance, Factset