The Journal

Trump Tariffs, Market Panic - and the Trade of the Week

On October 10, 2025, the markets exploded in a five-minute window that few saw coming. The NASDAQ’s ST-1 spiked to 117%, delivering nearly $6,000 per contract before traders could blink. Fueled by Trump’s surprise 100% China tariff announcement, all four major indices surged together in a rare, high-velocity move. This article breaks down what happened, why it mattered—and how prepared traders turned chaos into opportunity.