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.
Storms barreling across the heart of the United States continued to threaten rain and pose flooding risks Thursday after causing at least one death when a man apparently was struck by lightning in Wisconsin.
Tiger Woods ' attorney intends to fight an attempt by prosecutors to subpoena the golfer's prescription drug records following his arrest last month in Florida on suspicion of driving under the influence.
Democratic Rep. Eric Swalwell's abrupt exit from the race for California governor left his rivals scrambling to lock down his former supporters in a crowded contest with no clear leader, injecting more turmoil into the campaign to lead the nation's most populous state.
The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
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