One Truth can rock a market. You're listening to Motley Full Money.

I'm Ricky Mulvey joined today by Asset Sharma.

Asset, good seeing you physically a few days ago at Fool Paloosa.

Good to see you on the internet today to talk about a very wild past 24 hours in the stock

market.

Yeah, Ricky, it was so nice to see you in person.

Again, on Zoom, I actually came up to one of our colleagues at our company get together

and said, hey, we need to find some time to catch up on Zoom together.

I mean, they were right in front of me physically, but the world we live in, right?

The Internet has affected our brain in permanent ways.

Speaking of the internet affecting things, let's talk about this post on truth social from yesterday, sent the market skyrocketing.

We talked about it on the show yesterday, but this was since World War II the third largest gain in a single stock trading session.

The two other ones that were really big were back in 2008. And this was President Trump announcing that he's just doing a 10% tariff on

imports, pausing the heavy tariffs for everybody except China. Importantly, this 10% gain in the

market came in just 20 minutes. So if you move to

cash, you missed out on that and you're also missing out on the market declining today.

But that's significant. That's 20 minutes giving what the market is expected to return every year.

There's more to this story. But just now that we've had some time to process

this, any broad reflections on what happened yesterday? Sure, Ricky. I mean, this was a

psychological reaction. This was in some ways a classic relief rally. There was probably also

some short selling that had started to work its way into the market after consecutive

days of so many points shaved off the major indices, so some covering of short positions.

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