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Last week's softening of the Trump administration's tariff policies supercharged the stock market to its biggest daily gains in years, but incoherent messaging from the White House has investors second-guessing the rally in stocks and selling U.S. Treasuries and the dollar. Plus, retail investors have been trying to catch falling knives amid the market volatility by buying the dips, but that strategy has backfired in this cycle, and trust in our capital markets has been compromised. Also, big bank CEOs are warning about a recession, but beauty stylists are already seeing it show up at the salon.

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