New York, New York
— October 11, 2025

Yesterday was one of those days where the market just couldn’t close fast enough. The Nasdaq tumbled roughly 3.5%, marking one of the worst trading sessions in months. It was ugly out there — and we know the Wall Street Game Notes community felt it too.

So what now? We pulled together four quick Game Notes for anyone trying to make sense of the chaos.

1️⃣ Manage your emotions.
Days like this test your psychology. Don’t make knee-jerk moves or emotional decisions. Step back, think long-term, and remember the big picture.

2️⃣ Stay diversified.
We’ve been talking about gold for a while — and this week proved why. While everything else sold off, gold was up. That’s the power of diversification when volatility strikes.

3️⃣ Remember the tariff playbook.
This selloff ties directly to the recent tariff hikes on Chinese goods. We’ve seen this movie before: market panic, policy reaction, then some level of stabilization. The “TACO trade” (Tariffs, Administration, China, Outlook) is back in full swing.

4️⃣ Ask if anything’s really changed.
Structurally, the economy hasn’t shifted overnight. Q3 earnings are coming up, and we’ll have plenty of content breaking down what really matters. But for now, this looks like headline-driven fear — not fundamental breakdown.

We’re right there with you. The weekend might bring some nerves heading into Monday’s open, but perspective matters more than panic.

Be good. — Wall Street Game Notes