Dear Reader,

The misconception isn’t how long this will last. It’s that there will be a resolution.

We knew a trade war was coming. But did anyone expect it to escalate to triple-digit tariffs?

President Trump raised tariffs on Chinese goods to 145%. Beijing responded with a 125% levy on US imports.

This isn’t getting resolved in a week—and by now, most people, though not all, are beginning to accept that major change isn’t coming. It’s already here.

We’re living through a global realignment of trade and a fracturing of international cooperation—one that could reprice everything.

In a very real sense, standards of living will change. In some cases, dramatically.

The data now emerging on second- and third-order effects is accelerating—faster and more far-reaching than many expected.

Redfin reports 1 in 5 US homebuyers backed out of deals. Apple is reportedly airlifting iPhones from India to avoid Chinese penalties. Hedge funds are screaming for rate cuts.

[Click here to secure your Virtual Pass for 44% off]

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Still, there’s a silver lining.

Disruption creates openings, and those who adapt and are willing to face hard truths head-on are often the ones who come out stronger on the other side.

As bumpy as things might get, the right ideas—and the right people—make all the difference.

People like Peter Boockvar, who’s not afraid to say what many don’t want to hear:

That this tariff policy may end up doing more harm than good. What was meant to bring jobs home is now punishing companies for operating globally.

Or Liz Ann Sonders, who warned—early on—that volatility isn’t episodic. It’s no longer a symptom—it’s the driver.

Their message is clear: We’re facing a full-system rethink.

Call it a reset. Call it a reckoning. I call it a global vibe shift.

And it’s exactly why we built this year’s Strategic Investment Conference around it.

We’ll hear from Peter, Liz Ann, and dozens more as we ask the hard questions, map out what it all means, and get clarity from the people who aren’t guessing.

What a tariff-first future looks like—when trade is weaponized and politicized.

How these policies could trigger a recession—and what data actually matters now.

What radical fiscal reform might look like in a post-dollar world.

And when it comes to China—I’ll let you see for yourself the lineup we’ve assembled to confront the elephant in the room directly, and honestly.

[Click here to secure your Virtual Pass for 44% off]

My favorite feedback from past attendees usually sounds like this:

It wasn’t just the speakers—it was the contrast, the differing perspectives. One or two unexpected sessions that completely changed how I saw the road ahead.

Of course, I think they’re all excellent. But every attendee walks in with a different investor profile, unique goals, and a distinct portfolio—which is why one or two panels often make the biggest difference.

And this year, you’ll know every session, date, and time in advance—so you can plan around the topics that matter most to you.

You’ll find the full agenda, speaker list, and access details on the next page. Every session is recorded and available on-demand, so even if you can’t join us live, you won’t miss a thing.

Register today and you’ll save 44%. You’ll also receive a private invite to the SIC Investor Forum—where the conversations are already underway.

[Click here to secure your Virtual Pass for 44% off]

Your preparing for the unexpected analyst,

John Mauldin