Dow drops 1,400 as US stocks lead worldwide sell-off after Trump's tariffs ignite a COVID-like shock
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Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold, which has hit records recently as investors sought something safer to own, pulled lower. Some of the worst hits walloped smaller U.S. companies, and the Russell 2000 index of smaller stocks dropped 5.9% to pull it more than 20% below its record.
Wall Street had long assumed Trump would use tariffs merely as a tool for negotiations with other countries, rather than as a long-term policy. But Wednesday’s announcement may suggest Trump sees tariffs more as helping to solve an ideological goal than just an opening bet in a poker game. Trump on Wednesday talked about wresting manufacturing jobs back to the United States, a process that could take years.
If Trump follows through on his tariffs, stock prices may need to fall much more than 10% from their all-time high in order to reflect the recession that could follow, along with the hit to profits that U.S. companies could take. The S&P 500 is now down roughly 11% from its record set in February.
“Markets may actually be underreacting, especially if these rates turn out to be final, given the potential knock-on effects to global consumption and trade,” said Sean Sun, portfolio manager at Thornburg Investment Management, though he sees Trump’s announcement on Wednesday as more of an opening move than an endpoint for policy.
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Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold, which has hit records recently as investors sought something safer to own, pulled lower. Some of the worst hits walloped smaller U.S. companies, and the Russell 2000 index of smaller stocks dropped 5.9% to pull it more than 20% below its record.
Wall Street had long assumed Trump would use tariffs merely as a tool for negotiations with other countries, rather than as a long-term policy. But Wednesday’s announcement may suggest Trump sees tariffs more as helping to solve an ideological goal than just an opening bet in a poker game. Trump on Wednesday talked about wresting manufacturing jobs back to the United States, a process that could take years.
If Trump follows through on his tariffs, stock prices may need to fall much more than 10% from their all-time high in order to reflect the recession that could follow, along with the hit to profits that U.S. companies could take. The S&P 500 is now down roughly 11% from its record set in February.
“Markets may actually be underreacting, especially if these rates turn out to be final, given the potential knock-on effects to global consumption and trade,” said Sean Sun, portfolio manager at Thornburg Investment Management, though he sees Trump’s announcement on Wednesday as more of an opening move than an endpoint for policy.
tariffs merely as a tool for negotiations with other countries
Again, he doesn't know or care about how tariffs work. It's a tax. Not a negotiation. The dumbfuck doesn't know HOW to negotiate unless it's to benefit himself. Wall Street are equally as stupid.
To negotiate with another country, you simply visit them or contact them to actually you know - negotiate the best course of options or actions to take to make things a win-win for everyone. Something Trump never had.
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Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold, which has hit records recently as investors sought something safer to own, pulled lower. Some of the worst hits walloped smaller U.S. companies, and the Russell 2000 index of smaller stocks dropped 5.9% to pull it more than 20% below its record.
Wall Street had long assumed Trump would use tariffs merely as a tool for negotiations with other countries, rather than as a long-term policy. But Wednesday’s announcement may suggest Trump sees tariffs more as helping to solve an ideological goal than just an opening bet in a poker game. Trump on Wednesday talked about wresting manufacturing jobs back to the United States, a process that could take years.
If Trump follows through on his tariffs, stock prices may need to fall much more than 10% from their all-time high in order to reflect the recession that could follow, along with the hit to profits that U.S. companies could take. The S&P 500 is now down roughly 11% from its record set in February.
“Markets may actually be underreacting, especially if these rates turn out to be final, given the potential knock-on effects to global consumption and trade,” said Sean Sun, portfolio manager at Thornburg Investment Management, though he sees Trump’s announcement on Wednesday as more of an opening move than an endpoint for policy.
Oh, good that I bought cryptos and etfs instea.... Oh fuck.
Ah well, this timeline is this timeline. It's all just going down the brown
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tariffs merely as a tool for negotiations with other countries
Again, he doesn't know or care about how tariffs work. It's a tax. Not a negotiation. The dumbfuck doesn't know HOW to negotiate unless it's to benefit himself. Wall Street are equally as stupid.
To negotiate with another country, you simply visit them or contact them to actually you know - negotiate the best course of options or actions to take to make things a win-win for everyone. Something Trump never had.
He's adding tariffs to uninhabited islands, and islands that do no trade with the US. He has no idea how any of this shit works.
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He actually knows. He acts like a dumbass but everything he does hurts West and helps Russia.
This is at the same time when Russia is growing their army to 2.4M with goal to march on Baltics and Poland.
The idea is that the US and Western Europe will be preoccupied with their own issues to do anything about it.
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He's adding tariffs to uninhabited islands, and islands that do no trade with the US. He has no idea how any of this shit works.
Someone must have thrown a fish to a penguin there once, giving US a 100% trade deficit...
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Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold, which has hit records recently as investors sought something safer to own, pulled lower. Some of the worst hits walloped smaller U.S. companies, and the Russell 2000 index of smaller stocks dropped 5.9% to pull it more than 20% below its record.
Wall Street had long assumed Trump would use tariffs merely as a tool for negotiations with other countries, rather than as a long-term policy. But Wednesday’s announcement may suggest Trump sees tariffs more as helping to solve an ideological goal than just an opening bet in a poker game. Trump on Wednesday talked about wresting manufacturing jobs back to the United States, a process that could take years.
If Trump follows through on his tariffs, stock prices may need to fall much more than 10% from their all-time high in order to reflect the recession that could follow, along with the hit to profits that U.S. companies could take. The S&P 500 is now down roughly 11% from its record set in February.
“Markets may actually be underreacting, especially if these rates turn out to be final, given the potential knock-on effects to global consumption and trade,” said Sean Sun, portfolio manager at Thornburg Investment Management, though he sees Trump’s announcement on Wednesday as more of an opening move than an endpoint for policy.
The best way to hurt major political donors is to hit them in the wallet. Trump is cutting the MAGA lifeline, for himself and every other MAGA candidate. For that, I will gladly take the pain.
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Oh, good that I bought cryptos and etfs instea.... Oh fuck.
Ah well, this timeline is this timeline. It's all just going down the brown
I’ve never liked the argument crypto is good for diversification.
A lot of the studies on it are from pre-Covid when crypto was on a rocket ship, so the lack of correlation is actually a false signal.
I do own a bunch of crypto, but not as a diversification tool.
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The best way to hurt major political donors is to hit them in the wallet. Trump is cutting the MAGA lifeline, for himself and every other MAGA candidate. For that, I will gladly take the pain.
When the people vote with wallets, the rich get tens of thousands more votes.
A single rich friend will compensate a boycott from thousands of impoverished people who could already barely afford their goods in an instant.
Luke, still do it; our actions are a reflection of our values. But don't make it your only plan.
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I’ve never liked the argument crypto is good for diversification.
A lot of the studies on it are from pre-Covid when crypto was on a rocket ship, so the lack of correlation is actually a false signal.
I do own a bunch of crypto, but not as a diversification tool.
All Crypto is a scam designed to make you lose money, unless you can posess enough of it to manipulate its value and use it to take money from others.
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All Crypto is a scam designed to make you lose money, unless you can posess enough of it to manipulate its value and use it to take money from others.
Yeah I used to cynically buy shitcoin volatility…
I’m kind of bagholding some btc right now though.
Crypto is scammy for sure
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Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold, which has hit records recently as investors sought something safer to own, pulled lower. Some of the worst hits walloped smaller U.S. companies, and the Russell 2000 index of smaller stocks dropped 5.9% to pull it more than 20% below its record.
Wall Street had long assumed Trump would use tariffs merely as a tool for negotiations with other countries, rather than as a long-term policy. But Wednesday’s announcement may suggest Trump sees tariffs more as helping to solve an ideological goal than just an opening bet in a poker game. Trump on Wednesday talked about wresting manufacturing jobs back to the United States, a process that could take years.
If Trump follows through on his tariffs, stock prices may need to fall much more than 10% from their all-time high in order to reflect the recession that could follow, along with the hit to profits that U.S. companies could take. The S&P 500 is now down roughly 11% from its record set in February.
“Markets may actually be underreacting, especially if these rates turn out to be final, given the potential knock-on effects to global consumption and trade,” said Sean Sun, portfolio manager at Thornburg Investment Management, though he sees Trump’s announcement on Wednesday as more of an opening move than an endpoint for policy.
It's win win for Trump. Because him and his gangster members are now buying stock on massive discount. If stock goes up again again he can sell to his voters that it is his doing and how smart those tariffs are. Now the stock up is most likely not going to stick as an argument than the cheap buying but still. It will be used.
Time hr gets JFKed.
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I’ve never liked the argument crypto is good for diversification.
A lot of the studies on it are from pre-Covid when crypto was on a rocket ship, so the lack of correlation is actually a false signal.
I do own a bunch of crypto, but not as a diversification tool.
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All Crypto is a scam designed to make you lose money, unless you can posess enough of it to manipulate its value and use it to take money from others.
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Not really.
A lot of coins are scams, yes. But the concept of cryptocurrency has very valid uses in replacing the current fiat system perpetuated by governments.
Sunken cost falacy has you shilling for scammers.
Sell your shitcoins and free yourself, you're not getting that money back bud.
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It's win win for Trump. Because him and his gangster members are now buying stock on massive discount. If stock goes up again again he can sell to his voters that it is his doing and how smart those tariffs are. Now the stock up is most likely not going to stick as an argument than the cheap buying but still. It will be used.
Time hr gets JFKed.
No but really was Thomas Crooks hired by Blackwater frfr?
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Sunken cost falacy has you shilling for scammers.
Sell your shitcoins and free yourself, you're not getting that money back bud.
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Oh, good that I bought cryptos and etfs instea.... Oh fuck.
Ah well, this timeline is this timeline. It's all just going down the brown
Crypto, especially BTC, always nosedives with stocks.
You can make out ok if stocks are steady but inflation is rampant, but right now, there's zero hype to pump BTC with.
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No but really was Thomas Crooks hired by Blackwater frfr?
I think you may have misread something. I just tried to search for that, and it seems that he was in a commercial for BlackRock, an investment firm, when he was in high school. They had a shot of a classroom that he was in, he was not a paid actor.
If he has also been hired by Blackwater, that has not been widely reported, and it seems unlikely.
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No. You just don't understand the impact of cryptocurrency beyond what you've seen scammers push.
I'm going to ignore you now. Goodbye.
You don't have to announce your departure this isn't an airport
Bye bye scam victum with ego issues 🤪
