Hey, Ross here:
There’s no sugarcoating it.
Yesterday was the worst day for the markets since 2020.
Bearish sentiment among retail investors is now at maximum.
Chart of the Day

The weekly survey by the American Association of Individual Investors (AAII) indicates 62% of them are bearish…
With only 22% being bullish.
Bears outnumber the bulls by nearly three times.
This is maximum fear.
There have been only two times in the entire survey’s history that bearish sentiment has been higher – March 2009 and October 1990.
The last time bearish sentiment came close to these levels was at the end of September 2022 – right before the bull market started.
I elaborate on my take on this below.
Insight of the Day
Investors are overreacting – and Trump is already showing that tariffs are likely a negotiation tactic.
First off, this does not mean we should expect an immediate recovery.
In fact, I believe we’re likely in store for more short-term pain ahead as Trump continues his tariff onslaught.
But already, he’s indicated that tariffs are primarily a negotiation tool – just check out this Bloomberg headline below.

Plus, if you’ve studied how Trump negotiates, you know he likes to take an extreme maximalist position at the outset – and then scale back from there.
Look, I’m not saying you have to like all this.
But the level of investor panic is unjustified.
There’s a significant overreaction – and where there is overreaction, there is opportunity.
That’s why later this morning, at 11 a.m. Eastern.
I’m going LIVE for a session to demonstrate my top strategy for taking advantage of this overreaction.
This strategy will allow you to intelligently participate in this market now – even if it keeps going down
While helping you position for yourself for when the recovery does arrive.
So click here to guarantee your spot at my live session if you haven’t done so already…
And I’ll see you later this morning at 11 a.m. ET. Don’t be late.
Customer Story of the Day
“Traders Agency is awesome.
I have motored through multiple online high-brow investment people with their proprietary methods and none match the insight, supportive instruction and explanations of the vagaries of stock trading as I find with Ross Givens.”
Embrace the surge,

Ross Givens
Editor, Stock Surge Daily