Dow futures drop 600 points after Trump hits Canada, Mexico and China with tariffs: Live updates
Dow claws back sharp losses, turns positive in stunning reversal after U.S. tariffs on Mexico are paused: Live updates
600 is chicken feed, I don't see how it doesn't lose 10k, I mean Trump just shot the bottom of the boat out of the US economy, for no good reason. The United State's has gotten weaker in the 2 weeks Trump has been President by it's own undoing than at any time I can remember.
They probably half expect him to reverse them in a week or two. If that doesn't happen, when they accept they will be around for a while, then is when the panic will start.
Assuming things work the way we expect...
the only reason I can come up with why Trump did this is to weaken the united states, and it's allies, to somehow bolster russia's position. that's it. that's all i can come up with. you don't make people like pete hegseth the head of the dod, and tulsi gabbard the dni if you want a secure funtioning christofascist state. hegseth managed to oversee the pentagon for less than one week, and in that week a us army helicopter, for the first time in history, flew directly into the descending flight path of a commercial passenger jet airplane killing everyone. this is bigger than just destroying the economy, which is going to throw us all into financial hardship, after years of insane inflation post pandemic, this is to litteraly weaken the united states readiness in every way. i don't see him reversing this.
Wait until next week, and then the week after, and then...
Are your eggs cheaper yet?
If it just drops around that much, that's business as usual. But I'm sure there will be drama that fuels more things to come.
That's really it, it rose 300 pts this week, and 2100 over the last month. 600 pts is just a blip, merely wiping out a week or two, that's all.
I suppose the question is, how big is the bubble and how much loss of confidence does it take to puncture it?
The stock market has been going up rapidly even during Biden, but the prospect of outright oligarchy seems like it's been welcomed so far by shareholders and a lot of future value is built into the current price - less regulation means more profit, presumably (sorry, democracy).
But if that core assumption is wrong, and actually this may be less profitable, presumably there will be a long and deep correction.
Crash it, crash it all!!!
how many in his circus of an administration sold high or short last month?
All of them. And they are buying now so they can fix it and make a killing.
600? Wow, is that a lot? I don't know because I'm not a dumdums capitalist who cant tell the difference between a roulette wheel and the Oracle at Delphi.
I’m 100% against Trump but why are people pointing at this and sayin “SEE TRUMP BAD” this is not a bad thing for billionaires. The only people this hurts is middle class Americans who have much of their savings tied to investments.
This is exactly what they want. All the billionaires are buying right now and in a few months Trump will kick the FED in gear and start printing trillions of dollars just like last time. The billionaires will become richer while the poors get poorer.
If you have any available cash put it all in S&P 500. You will make some money when everything levels off or trump rescinds the tariffs because “they learned their lesson”
The only people this hurts is middle class Americans who have much of their savings tied to investments.
Also everyone who is somehow affected by pension funds, if I'm not mistaken.
It might not be so simple. Once you've imposed these tariffs to your allies, you can't go back to the world where they didn't exist. Everyone sees this and will remember, it will take a long time to build trust again, including among investors.
The billionaires will possibly benefit from this, but it's very risky. If he just wanted to please the wealthy, he could have just gone with some tax cuts and removing regulations as is traditional for the Republicans.
Bro, we're heading into depression territory if Trump stays this course.
Some of us are already in depression territory.
Just like he plans.
Second? Is that all? Feels like the fourth or fifth.