Donald Trump finally decided to take the proverbial “win” on trade and the stock market rallied nearly 3,000 points. You can thank the bond market, with an assist from Treasury Secretary Scott Bessent, for making it happen. We have been hyper-focused on how the stock market dropped ever since Trump declared trade war on the entire world, how he kept upping the ante, demanding ever higher degrees of compensation from our trade partners, even those who appeared to be acting in good faith and wanting to negotiate peace. He was also goaded by two of the most hawkish and protectionist...