Mark wrote:  You need to stop listening to the stock market analysts. They freak out every hour on the hour. Patience is a virtue.  

Kerry wrote:  It’s called CORRECTION

I'd agree with both of your analysis.  The nature of stock markets has always involved periodic corrections.   And the TV analysts are paid to watch hour by hour, day by day movements.   Like worrying over balls and strikes calls in baseball.   A month of a baseball team's win's & loss records are much more relevant.

And those stock markets are one just one among many indicators. 

On the other hand, here's two more indicators.  Polling shows that public sentiment is holding well, as Trump is gaining in his ratings.  Also countries around the globe are piling up with requests to the White House to re-negotiate tariffs.  More than 50 countries are phoning Trump, with various proposals, for example, to drop their tariffs to zero, urging Trump to match it.

Headlines:  WSJ -- Poll: Trump Approval Rises Despite Controversy Over New Tariffs   Click Here  

Trump’s Popularity Rises Amid Tariff Hysteria    Click Here   

Key figures:

• Trump approval--is now 53 percent, representing a 4-point increase over prior result.
• Trump's approval rating increased by 13 points among voters aged 18 to 29.
• His Favorability saw a 6-point increase among both Democrats and independents. 
• Among black voters, President Trump's rating rose by 17 points.  

More Headlines:   Trump advisers say 50-plus countries have reached out for tariff talks with White House   Click Here  

Will Trump Negotiate Tariffs? White House Claims Over 50 Countries Want To Talk  Click Here     

Agriculture Secretary Brooke Rollins touts 50 countries are calling Trump to negotiate tariffs   Click Here   

Among the earliest countries to announce intentions to negotiate tariff deals were Israel, India and Vietnam. 

Today, White House representatives who were appearing on the Sunday news shows and discussing the tariffs issue included Howard Lutnick, Scott Bessent and Peter Navarro.

Bessent said unfair trade practices are not “the kind of thing you can negotiate away in days or weeks.” The United States, he said, must see “what the countries offer and whether it’s believable.”   

Navarro indicated that any talks would need concessions that go beyond tariff cuts, including removal of value-added taxes (VAT)....

Trump himself indicated to reporters last week that tariffs give the U.S. "great power to negotiate" and suggested that cuts were possible if countries "give us something phenomenal" in return.  Building new production plants here seems among his favorites.

As both Mark Freberg and Kerry Nelson have discussed, there needs to be much more patience displayed.   Time for market hysteria to calm down, time for negotiations.  Cooler heads seem a big part of the answer, as well as allowing time for world reactions & negotiations to evolve.