The markets this morning felt like watching a slapstick comedy, except the joke was on investors. A rumor about Trump pausing tariffs for 90 days sent stocks and crypto soaring, only for the White House to call it "fake news" minutes later. Cue the crash.

This chaotic whiplash reveals two things: first, how desperate markets are for any glimmer of relief from Trump's trade policies; second, how easily misinformation on social media can wreak havoc on global financial systems. A single misinterpreted comment from Kevin Hassett spiraled into a frenzy, with traders clinging to hope like it was a life raft in a stormy sea.



The S&P 500 surged over 6% in half an hour, adding trillions in market value—then promptly erased those gains when reality set in. Crypto followed suit, briefly rallying before plunging back into the abyss. It’s as if Wall Street collectively forgot to fact-check before hitting “buy.”

This fiasco isn’t just a market story; it’s a cautionary tale about our information ecosystem. When unverified posts on platforms like X can move billions of dollars in minutes, it’s clear we’re living in an era where speculation trumps substance. Investors beware: the next time you see "breaking news," it might just be breaking your portfolio.