Tom Ellsworth

If the Dems had it, they would have used it.

That's it.

A little of everything.

See what happens when the fetus doesn't get enough oxygen.

Yeah.

Hey, Rob, will you pull up VIX one year?

VIX one year, a chart on that.

So yesterday there was three things that came together and created a storm in the afternoon.

The first was there was a lot of AI spooking on layoffs.

Second, there was poor guidance by some of the big techs.

And then third, everybody thought the CPI that was coming out today, Pat, was going to be higher.

proving that starting last April, all the tariffs by Trump created a problem.

Well, guess what?

The CPI consumer price index came out today three-tenths lower than people thought it was going to come.

Came out at 2.4.

People were saying it's going to be 2.7, going to be 2.7.

Consensus was really about 2.5, but it was actually now down 4%.

0.3 from the same time a year ago.

So what that means is everyone that said, oh, gloom and doom on the tariffs, you know, this is going to create runaway inflation.

The inflation now, Pat, a year later is three-tenths, consumer price index, excuse me, is three-tenths lower than it was when Trump started the tariffs.