You Survived Orange Monday

Good morning.

Yesterday was a crescendo of stupidity and selling in the $SPY ( ▲ 1.59% ) and while I doubt the lows of this crash/bear market are in, a crescendo of selling, groveling and international trolling.

Actually, assuming cooler heads prevail (a bigly assumption), we might have seen the lows.

Jim Cramer called for Black Monday, Musk begged Trump to reverse the tariffs, Bill Ackman cried on Twitter (he always does when the market moves against him) and the Chinese trolled Trump and America with a link to a Reagan Speech explaining the stupidity of tariffs…

China tweeting out Reagan 🥹❤️🙏

— Le Shrub🌳🔥🇺🇦 (@agnostoxxx)
6:07 PM • Apr 7, 2025

My Twitter friend ‘Le Shrub’ deemed it ‘Orange Monday’. A classic.

I want to share two fantastic pieces of market coverage and commentary, by COMEDIANS, that are very different in nature and structure and tone, but give you a feel for the stupidity and stress.

The first is a masterpiece by Jon Stewart on the botched tariff rollout. Jon lost me during COVID and his Apple show and podcast. With his returns to Monday night for his old ‘The Daily Show’, all is forgiven…

The second is Tim Dillon (link to his Punchup.live page) who made me LOL a bunch of times with ‘Tariffs, China and The Chocolate Factory’. The sarcasm and the wanting to agree with Trump are perfectly intertwined. Tim opens with calling the USA a ‘podcast’ and ‘opinion based’ economy and it gets funnier…

When I started Wallstrip back in 20026 (acquired by CBS), this is what I was thinking/hoping the idea could lead to/become. I believed the markets were going to be best covered by just rolling the tapes that CNBC played straight and that comedians would see and cover as insanity and hilarity.

It took a full blown ‘degenerate economy’ for the comedians to understand the beauty, the darkness and the truth of the financial markets. Now they are capturing it better than financial media. The audience may just be big enough for a lot more.

Hello Netflix Squawk Box!!??