Peter Tuchman: ‘Almost Like a Bipolar Person Who Took Their Medication,’ Trump, Musk, Bessent Have Pivoted on Messaging

EXCERPT:

TUCHMAN: "Except this was almost a perfect storm. I don‘t think anything changed from yesterday, except maybe there‘s some happy dust that was dropped over the White House, because suddenly everybody changed their tune. Bessent came out and said that, 'You know what? The negative — this aggressive, negative narrative around tariffs is unsustainable. And if we don‘t almost accept responsibility, right, that we‘ve done, we‘ve messaged wrong and we‘re going to have to change that, to change everything.' And then Elon Musk, he doesn‘t care that he lost $73 billion, because that‘s gone -- that‘s been happening for a while right. It‘s almost as if everybody — you know, whether it‘s — you know, it‘s almost like a bipolar person who took their medication. Everybody came out with a completely different message today. The president did it, Elon Musk did it, and Bessent did it. And the market read all of that, and it responded favorably. It was — it‘s a huge, huge difference from one day to the next."