TRANSCRIPT

SLX jumped +1.64% as Truth Social erupted with claims that Iran is completely collapsing and Canada has been ripping off the United States of America for years. The market didn’t buy the geopolitical drama; it bought steel stocks while dumping semiconductors, which dropped -1.62%. Tech fell -0.42%, but DJT edged up +0.16%. We have defense contracting rising on panic over regime collapse and retail investors quietly betting against their own president’s brand. The tariffs are real, the numbers are verifiable, and the absurdity is priced in.