Knowing Not

When it comes to investments in the stock market, one thing I’ve learned about downturns is not to look. 

Don’t ask, don’t know.

Most of the money that has pulled out over Trump’s insane trade war has no place else to go and will therefore come back once the situation settles. So it would be a rookie mistake to pull your remaining funds out now, when they are at or near the lowest point they’re going to hit.

For the super-wealthy, therefore, this is the time to buy. The stocks of good companies have hit bargain levels. This is when fortunes are made by those who already have one.

As for me, as a little person, I’m just fine with not looking and not knowing.

Wake me when it’s over.

HEADLINES:

• Trump must reinstate Associated Press to White House press pool, judge rules (Politico)

• Did fictional character Ron Vara ‘craft’ Trump’s tariff policies? (France24)

• ‘Truly a moron’: Elon Musk escalates spat with Trump adviser Peter Navarro over tariffs (CNN)

• IRS acting commissioner is resigning over deal to send immigrants' tax data to ICE, sources say (NBC)

• New Social Security rules will create hurdles for millions of seniors, report finds (NPR)

• Supreme Court blocks order requiring Trump administration to reinstate thousands of federal workers (AP)

• Supreme Court allows Trump to terminate 16,000 probationary federal workers (ABC)

• Musk made direct appeals to Trump to reverse sweeping tariffs (WP)

• What would a US-China trade war do to the world economy? (BBC)

• China vows to ‘fight to the end’ against latest Trump tariff threat (Guardian)

• Trump Won’t Back Down. The Economic Pain Hasn’t Even Started Yet. (Barron’s)

• Cracks appear among Trump’s cheerleaders amid market turmoil (WP)

• CEOs Break Silence on Trump Trade War (WSJ)

• Billionaires Seek to Take Companies Private as Market Melts (Bloomberg)

• Vance’s whopper on alleged Social Security fraud (WP)

• Trump administration fires senior Navy female officer at NATO. She appeared on a ‘woke’ list (AP)

• Mexico would reject unilateral US military action, after drone strike report (Reuters)

• ‘No guidance and no leadership’: chaos and confusion at CDC after mass firings (Guardian)

• Measles cases in Texas outbreak surpass 500, with 24 new infections confirmed over last 5 days (ABC)

• Robert F. Kennedy Jr. said he plans to tell the Centers for Disease Control and Prevention to stop recommending fluoridation in communities nationwide. [AP]

• Israeli forces bombed a tent full of Palestinian media workers in Gaza, burning some of them alive — just days after a new report concluded that more journalists have been killed in the territory’s crisis than in most other major wars combined. [HuffPost]

• They want America to have more babies. Is this their moment? (NPR)

• Scientists genetically engineer wolves with white hair and muscular jaws like the extinct dire wolf (AP)

• Meta got caught gaming AI benchmarks (Verge)

• Exclusive: Musk's DOGE using AI to snoop on U.S. federal workers, sources say (Reuters)

• Meta’s surprise Llama 4 drop exposes the gap between AI ambition and reality (ArsTechnica)

• Two Democratic US senators demanded information from Microsoft and Google about their cloud computing partnerships with artificial intelligence companies, expressing concern the arrangements could stifle competition in the cutting-edge industry. (Reuters)

• Man Who Bumped Tesla While Parallel Parking Sentenced To Death (The Onion)