Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action,

news and analysis.

Good afternoon. Today is Tuesday, March 4th, and I'm your host, Kim Kahn.

Our top story so far, the bro bubble has popped.

Stocks have now wiped out all of the gains since Election Day.

As tariffs go into effect,

the trade war escalation is weighing heavily on global growth expectations. George Sarajevoelis,

head of FX strategy at Deutsche Bank, says, up until today, many Trump administration policies

could be rationalized under the negotiating tactic mantra, but the scale of the trade and

geopolitical policy shift now actually happening

is of historical proportions. There is a huge rise in uncertainty taking place in the U.S.,

he added. The major averages are falling further after Monday's sell-off. The S-Op 500 is down

more than 1% and is below where it traded on November 5th. The NASDAQ and Dow are also shedding

more than 1%. The VIX volatility

index, also known as the Fear Gage, is topping 25, a high for the year. With cash moving from risk to

safety, treasury yields continue to fall. The 10-year treasury yield is now below 4.15%, and the two-year

is below 4% for the first time since October.

And crypto is back on the back foot with Bitcoin around $83,000.

All of this is leading to a collapse of what B of A strategist Michael Hartnett calls the Brobubble.

Hartnett said on Friday, the breach of four technical levels would send Nouveau Bulls,

those jumping on the Trump trade bandwagon, heading for the exits.

Those levels were the post-election volume-weighted average prices of meta, Palantir,

...