People walk outside of the New York Stock Exchange (NYSE) on September 13, 2024, in New York City. 

Spencer Platt | Getty Images

Wall Street was heading for a higher open today following back-to-back gains. The rallies are being fueled by the hope that President Donald Trump will soften his approach to so-called reciprocal tariffs, set to go into effect April 2. Trump said in yesterday's Cabinet meeting he "may give a lot of countries breaks."

The Atlantic editor-in-chief Jeffrey Goldberg was included in a chat among administration officials about military plans. The chat shows Vice President JD Vance doesn't want a spike in oil. The chat disparages Europe. Will we soon see big tariffs on European cars not made here?

Individuals have poured nearly $70 billion into stock market while professionals are slashing their exposure, according to a report in the Financial Times. Individuals are buying the dip while professionals flee because of Trump.