Dow jumps nearly 1,000 and S&P 500 climbs 2.6% following a 90-day truce in the US-China trade war
Dow jumps nearly 1,000 and S&P 500 climbs 2.6% following a 90-day truce in the US-China trade war
apnews.com
Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war
Good news if you’re rich as shit and knew this was coming! The rest of us, as usual, can go fuck ourselves.
I'm not rich as shit and I didn't know it was coming but it's still good news for me too because I'm invested into the stock market as are hundreds of millions of other middle class people.
Right, but you're just riding the ebbs and flows. The real money is flowing to the people with the inside track. You don't benefit from instability and chaos. They do, up or down.
How did you not know, did you not consult the graph?
It’s only good news for us, though, insofar as we’ve got a 90 reprieve from the whims of said assholes.
Obviously the ultra wealthy can really abuse this.
But if you are in a position where you can put money into a 401k? You will, "benefit" from this because the investment firms using your money are taking advantage of this. Whether you come out better than the massive losses that you have had lighting up your email (because this was the BEST time to turn on all the LLMs to let us know what is happening to our investments and why all these companies are down on a given day...) is questionable but... it is also questionable whether the ultra wealthy are actually benefiting either. Since you tend to not become an 0.1%er without a LOT of investments.
Now, whether there is any form of long term stability is a very different question. Which is kind of "great" for getting across the point that: Either the market will stabilize and your 401k/pension will have value or we are all fucked.