I didn’t realize CEOs suddenly became “stupid” the moment Trump started playing 4D chess with the global economy.
 
	 
 
	The spike after COVID made sense: trillions in stimulus, 0% interest rates, and a one-way ticket to the asset bubble amusement park. But now? CEOs are watching a guy who thinks tariffs are a magic wand threaten to nuke supply chains, kneecap exports, and start trade wars with literally everyone.
 
	 
 
	Confidence didn’t plunge because they forgot how inflation works. It plunged because they remember what happens when economic policy is driven by vibes, nationalism, and “I alone can fix it” narcissists.