Matt Gagnon discussed the recent stock market volatility triggered by misinformation about a potential 90-day pause on tariffs, which added $2.4 trillion in market value in 10 minutes, only to erase it within 23 minutes after the White House denied the report. The S&P 500 index saw its widest intraday range since March 2020, ending the day down 2.2%. Gagnon emphasized the psychological impact of market reactions, suggesting that fear and irrational decisions are driving market volatility. He argued that while tariffs may affect future profitability, the U.S. economy remains strong, and the market will eventually stabilize, though a recession remains a possibility.
Tropical Storms Karina and Lowell formed Thursday in the Pacific Ocean, both of which were expected to become hurricanes in the next few days, the National Hurricane Center said.
A new study suggests that El Ninos — the natural climatic chaos agent that pops up periodically and spikes global temperatures — are getting stronger because of human-caused climate change.
Two unvaccinated Pennsylvania residents have died after being infected with measles, the first U.S. deaths this year related to the contagious virus. State health officials announced the deaths Tuesday. They did not reveal any details about the people who died, other than that they lived in Lancaster County, west of Philadelphia.
