Trade tariffs are dominating headlines again. The news of an additional $200 Billion in tariffs sent Dow Futures tumbling overnight. Investors walked Tuesday to a messy open. I’d like to say so what! Not because I don’t care about the market’s decline, that’s just not true. I care very much. However, the divergence between the bigs and betas remains. Bad news is being brushed off and market’s continue on their beta binge. The tale of two asset classes continues!