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Markets didn’t think the trade war would actually happen, but when a midafternoon press conference affirmed the Trump administration’s serious intention to levy 25% tariffs on imports from Mexico and Canada and double levies on China’s imports to 20%, markets plunged and the day went from business as usual to bloodbath.
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Hey Snackers,
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<p style="margin:0;margin-bottom:16px">
Despite its shoestring $6 million budget and relatively unknown cast, thrilling indie comedy-drama “Anora” won big at the 97th Academy Awards Sunday night. Interestingly, “Anora” is the
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
lowest-grossing Best Picture of the last 45 years
</strong>
</a>
, having taken just shy of $41 million from theaters around the world.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
See our chart of how other Best Picture winners stacked up at the box office.
</strong>
</a>
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<p style="margin:0">
The S&P 500 suffered its
<a style="text-decoration: underline; color: #5869ff;">
<strong>
worst loss of 2025
</strong>
</a>
, tumbling 1.8% as markets were hit with a vicious one-two punch of the continued plunge in momentum stocks and a real wake-up call on the reality of President Donald Trump’s trade policy. The Nasdaq 100 gave back 2.2% while the Russell 2000 slumped 2.8%. Energy was the worst-performing sector amid OPEC+’s slightly surprising decision to begin returning oil to the market next month. Tech, hit by a Nvidia-fueled sell-off,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
wasn’t too far behind
</strong>
</a>
.
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OF GREAT IMPORT
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Markets lost the game of tariff chicken
</strong>
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<p style="margin:0;margin-bottom:16px">
Markets didn’t think the trade war would
<em>
actually
</em>
happen, but when a midafternoon press conference affirmed the Trump administration’s serious intention to levy 25% tariffs on imports from Mexico and Canada and double levies on China’s imports to 20%, markets plunged and the day went from business as usual to bloodbath.
</p>
<p style="margin:0;margin-bottom:16px">
The S&P 500 suffered its biggest loss of the year, and most of it went down right after that presser, meaning that traders had a particularly rowdy couple of hours where some pretty exciting gains evaporated between their fingers.
</p>
<p style="margin:0">
So, what did we learn?
</p>
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<li aria-level="1" style="Margin:0 0 8px 0">
It’s time to expect the unexpected. Among investors, there was little consensus as to whether or not these tariffs would be enacted. A small fraction of the market was even pretty sure that this
<em>
was
</em>
going to happen, based
<a style="text-decoration: underline; color: #5869ff;">
<strong>
on some absolutely fascinating data from 22V Research
</strong>
</a>
.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
By and large, markets had not been reacting too much to the chatter over trade barriers. Tariff-sensitive stocks had been (and still are!) handily outperforming shares of companies deemed insulated from levies since the November 5 election. That certainty is over:
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
this is the chart you do not want to see
</strong>
</a>
if you happen to be an automaker.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
It’s going to be a rough time to be an American automaker, for one. The thing about lots of American vehicle manufacturers is that they often work with Canadian and Mexican part suppliers to make those star-spangled motors, and GM in particular has signaled in
<a style="text-decoration: underline; color: #5869ff;">
<strong>
increasingly colorful phrasing
</strong>
</a>
that the tariffs will mean very bad things for its business.
<strong>
</strong>
</li>
</ul>
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THE TAKEAWAY
</span>
</h1>
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Our
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
finest minds
</strong>
</a>
have long thought the Trump policy on markets to be ultimately deferential to the stock market, as while the administration has no problem announcing policies the market hates, it will often dial it back or delay them because clearly a Republican administration would be loath to jeopardize the health of the stock market. Maybe that’s over.
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Read more
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🎮 Celebrity-Backed Startup Raises $40M to Transform Gaming
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<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fbazh%252F6su869qw%252Fa5p%252Fboe%252Fp26%252FVirtuixheroimage.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NDEwODQzMjQuNjQ4NTIxN30:1tpPZE:dE1xB51Md2f464NNp1DGCUU4OhMyOtkpF6n9K8jhux8" style="display:block;height:auto;border:0;width:100%" title="" width="510"/>
</a>
</div>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;mso-hide:all;display:none;max-height:0;overflow:hidden" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:150%;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Meet Virtuix
</strong>
</a>
<strong>
.
</strong>
It’s the company behind Omni, a leading omni-directional treadmill that lets players walk and run in 360 degrees inside VR games.
</p>
<p style="margin:0;margin-bottom:16px">
<strong>
How’s It Going?
</strong>
</p>
<p style="margin:0;margin-bottom:16px">
<strong>
✅ $18M+ in lifetime revenue
</strong>
<sup>
<strong>
1
</strong>
</sup>
<strong>
—
</strong>
with products sold to major companies like Dave & Buster’s.
<strong>
<br/>
</strong>
<strong>
✅ Omni One launched September 2024
</strong>
—
<strong>
</strong>
Virtuix’s first home system, following 3,000+ preorders worth $7M+ in revenue.
<strong>
<br/>
</strong>
<strong>
✅ Enterprise & Military Expansion
</strong>
—
<strong>
</strong>
developing VR training systems in collaboration with the U.S. Air Force.
<strong>
<br/>
</strong>
<strong>
✅ Industry-Leading IP—
</strong>
24 patents issued, 8 pending, covering motion tracking, game integration, and mechanical design.
</p>
<p style="margin:0">
<strong>
The Even More Exciting News?
</strong>
With
<strong>
$40M+
</strong>
raised across all offerings and from well-known investors like
<strong>
Mark Cuban, Maveron, and Scout Ventures,
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Virtuix
</strong>
</a>
<strong>
</strong>
is offering investors the chance to
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
own a stake in the future of immersive gaming
</strong>
</a>
<strong>
.
</strong>
<sup>
<strong>
2
</strong>
</sup>
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;mso-hide:all;display:none;max-height:0;overflow:hidden" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;letter-spacing:0;line-height:150%;text-align:left;mso-line-height-alt:24px">
<p style="margin:0">
<sup>
1
</sup>
Lifetime revenue is since December 20, 2013.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-9 mobile_hide" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;border-radius:10px;color:#000;border-bottom:25px solid #fff;border-left:25px solid #fff;border-right:25px solid #fff;border-top:25px solid #fff;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
<!--[if mso]>
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<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
<div class="button" style="background-color:#5869ff;border-bottom:2px solid #000;border-left:2px solid #000;border-radius:7px;border-right:2px solid #000;border-top:2px solid #000;color:#fff;display:inline-block;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:14px;font-weight:400;mso-border-alt:none;padding-bottom:5px;padding-top:5px;text-align:center;text-decoration:none;width:auto;word-break:keep-all">
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<span style="word-break: break-word; line-height: 16.8px;">
Presented by Virtuix
</span>
</span>
</div>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:120%;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31.2px">
<strong>
🎮 Celebrity-Backed Startup Raises $40M to Transform Gaming
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="image_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="pad" style="padding-bottom:15px;padding-top:15px;width:100%;padding-right:0;padding-left:0">
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</a>
</div>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:150%;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Meet Virtuix
</strong>
</a>
<strong>
.
</strong>
It’s the company behind Omni, a leading omni-directional treadmill that lets players walk and run in 360 degrees inside VR games.
</p>
<p style="margin:0;margin-bottom:16px">
<strong>
How’s It Going?
</strong>
</p>
<p style="margin:0;margin-bottom:16px">
<strong>
✅ $18M+ in lifetime revenue
</strong>
<sup>
<strong>
1
</strong>
</sup>
<strong>
—
</strong>
with products sold to major companies like Dave & Buster’s.
<strong>
<br/>
</strong>
<strong>
✅ Omni One launched September 2024
</strong>
—
<strong>
</strong>
Virtuix’s first home system, following 3,000+ preorders worth $7M+ in revenue.
<strong>
<br/>
</strong>
<strong>
✅ Enterprise & Military Expansion
</strong>
—
<strong>
</strong>
developing VR training systems in collaboration with the U.S. Air Force.
<strong>
<br/>
</strong>
<strong>
✅ Industry-Leading IP—
</strong>
24 patents issued, 8 pending, covering motion tracking, game integration, and mechanical design.
</p>
<p style="margin:0">
<strong>
The Even More Exciting News?
</strong>
With
<strong>
$40M+
</strong>
raised across all offerings and from well-known investors like
<strong>
Mark Cuban, Maveron, and Scout Ventures,
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Virtuix
</strong>
</a>
<strong>
</strong>
is offering investors the chance to
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
own a stake in the future of immersive gaming
</strong>
</a>
<strong>
.
</strong>
<sup>
<strong>
2
</strong>
</sup>
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;letter-spacing:0;line-height:150%;text-align:left;mso-line-height-alt:24px">
<p style="margin:0">
<sup>
1
</sup>
Lifetime revenue is since December 20, 2013.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-10" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;background-color:#fff;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
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<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</div>
</td>
</tr>
</table>
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<tr>
<td class="pad" style="text-align:left">
<div align="left" class="alignment">
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
PUMP IT UP
</strong>
</span>
</span>
</div>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</div>
</td>
</tr>
</table>
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<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:120%;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31.2px">
<strong>
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<span class="mce-content-body mce-edit-focus" data-position="100-0-2" data-qa="tinyeditor-root-element" id="5a3403a8-9d68-4ece-af2b-eb3efa46a4be" style="word-break: break-word; position: relative;">
<strong>
Trumping the crypto markets
</strong>
</span>
</a>
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:150%;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
In a basic high school economics class, one learns that prices are determined by the law of supply and demand, and markets do generally behave accordingly. Eggs, despite some
<a style="text-decoration: underline; color: #5869ff;">
<strong>
people blaming greedflation
</strong>
</a>
, are currently very expensive as there are fewer laying hens due to bird flu, but the demand is the same if not higher.
</p>
<p style="margin:0">
But markets move in other ways, too. Sometimes it’s an earnings report or breaking news. More and more often, markets move on Trump’s words. Case in point: on Sunday, Trump
<a style="text-decoration: underline; color: #5869ff;">
<strong>
announced
</strong>
</a>
that the long-promised US
<a style="text-decoration: underline; color: #5869ff;">
<strong>
digital asset reserve
</strong>
</a>
would contain XRP, solana, and cardano, three cryptocurrencies not even in the conversation before. He quickly followed it up to assure followers it would contain bitcoin and ethereum as well, which
<a style="text-decoration: underline; color: #5869ff;">
<strong>
he loves
</strong>
</a>
! The message came just in time to reverse negative momentum on the crypto industry, with bitcoin threatening to fall to pre-Election Day levels if sentiment continued to darken. But instead the markets reversed course. All five mentioned coins surged, and despite no details on allocations, timing, or even where this stockpile will be held, the overall crypto market flipped to the positive.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;background-color:#fff;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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<tr>
<td class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:120%;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:27.599999999999998px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:150%;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Trump’s words have the most power in markets like crypto, which have no underlying fundamentals and are often moved by sentiment or vibes. When Trump deigns to include a little-mentioned crypto like cardano, it sends the price soaring. But Trump’s decision to include other coins to what was once a bitcoin-only plan
<a style="text-decoration: underline; color: #5869ff;">
<strong>
had its fair share of critics
</strong>
</a>
, and Monday’s dour market turn took crypto prices down with it, showing that Trump’s power of persuasion may be fleeting.
</p>
</div>
</td>
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</table>
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Read more
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Nvidia fell almost 9%
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Tobacco giant Philip Morris might sell its cigar business, as it works toward a
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GPS systems hacked
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Retail traders may have finally given up on
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<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
Earnings expected from
<strong>
Plug Power, Best Buy, Target, AutoZone, CrowdStrike, Nordstrom,
</strong>
and
<strong>
Ross
</strong>
<br/>
<br/>
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Advertiser's disclosures:
</strong>
</p>
<p style="margin:0;margin-bottom:16px">
2 Please read the offering circular and related risks at the
<a style="text-decoration: underline; color: #1d1d1d;">
StartEngine webpage for Virtuix
</a>
. This is a paid advertisement for Virtuix’s Regulation CF Offering. This Reg CF offering is made available through StartEngine Primary, LLC.
</p>
<p style="margin:0;margin-bottom:16px">
Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
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3 weeks, 4 days ago - hello@snacks.robinhood.com
Markets didn’t think the trade war would actually happen, but when a midafternoon press conferenc...