Volatility has been off the charts since “Liberation Day.” We’ve seen stocks gap down 5% in a single day… and surge 10% the next. We haven’t seen swings this dramatic since the COVID crash in 2020. While most investors were reaching for the Scotch, master trader Jonathan Rose was helping Freeport Alpha readers cash in a 140% gain in just 24 days. And he hasn’t stopped there. Today, he explains how he does it… and how you can too.

What if tariffs aren’t inflationary after all?  What if they’re actually deflationary, where prices fall? Or disinflationary, where they rise at a much slower rate? If that’s the case, which John Pangere believes it is, then if you’re preparing for inflation and you get disinflation, it’s probably not going to help your portfolio.

Uncertainty is like acid to the markets. And as volatility increases, certain sectors become vulnerable to overbought conditions. They may be overextended and poised for a potential mean reversion, which basically means they snap back up or down to something closer to their long-term trend. This includes the tech sector… as was evident in April’s bout of earnings releases…

The S&P 500 just posted nine straight days of increases. That hasn’t happened in 21 years. But what investors are not seeing is that gold is up 11%. And over the past six months gold is up 28% versus a 5% loss for the S&P 500.  Over the past 12 months, it’s up 46% versus an 8% gain for the S&P 500. But as we’ll look at today, despite that already stunning outperformance, we’re still in the early innings of the gold bull market.

While Buffett will no longer be the CEO of Berkshire, he’s staying on as Executive Chairman. I expect he’ll die at his desk, Cherry Coke next to him, an annual report of some company still clutched in his hand.  Still, as he “slows down,” it’s as good a time as any to reflect on his achievements.

Nations can go on… and on. The Chinese are still Chinese. The Turks are still in Turkey. And the French will always be with us. But empires rise and fall, with a lifespan of only about 250 years, on average. Could it be that Mr. Trump has unwittingly become a tool of history too?