This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

It’s been quite a week. 

We had Manic Monday and then Blink Wednesday, followed by what I’ll dub “That Didn’t Last Long Thursday.” Sadly, today’s not shaping up to be Fun Friday. 

The good news: If you bought the S&P 500 when the president told you to, you’re still in the green. For now, at least. 

The bad news: everything else. Not to be dramatic. 

The dollar is slipping: The DXY is down 3.7% today from Wednesday and the euro is at a three-year high against USD. 

Treasury markets are still selling off — worse now than the Tuesday night meltdown that…

Read more on Blockworks