Just four days after April 2 which President Trump declared “Liberation Day” and followed through on his campaign promise to impose sweeping tariffs to correct unfair foreign practices, the S&P 500 dropped 12%.

Wall Street threw a freak-out, and as prominent economists immediately warned of a recession investors fled the market in droves.

A week later, on April 9 after Trump announced on social media a “90-day PAUSE” (except for China), the S&P soared by 9.5%, one of its best days ever with employers adding 177,000 jobs for the month.

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