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Thanks Trump

This is also called a buy phase

Buy low, sell high

Trumps policies are expected to pass costs on to consumers but have the benefit of maintaining production and development internally which should long term keep more money inside the USA, hardening supply lines against foreign influence. Given that China is openly campaigning for war on Taiwan by 2027 latest, and they're responsible for close to 80% of critical imports to US minerals, this puts the US in a predicament which Trump (probably not on purpose tbh, I won't give him the credit) is preparing for.

Tariffs on raw metals and minerals have proven effective since his first term with significant improvements in domestic refinement.

-"Tardif pass-through and implications for domestic markets: Evidence from US steel imports" Ahmad et al. (2023).

This isn't shared by other aspects of the supply network though like finished products or more complicated manufacturing because market instability halts investment in those areas, so no development actually increases in the US and prices just increase. This is a fatal flaw in the tariff calculus that is hurting trade and the economy. Manufacturing takes years to develop and adapt, and no one will leap on that kind of investment without clear assurances.

So much winning.

We also believe the dynamic macro environment has contributed to a more cautious consumer

Am I getting this right? Is this double speak for "the government is fucking up so badly, people try to save some wealth for the inevitable fall of society"?

Looks like I made the right choice pulling most of my 401k out of stock/blended funds and into stable bonds.

11 weeks ago, '2023' was last year.

This isn't a slump yet. If Dougie shuts off the power to three states, I hope he does it during a break between the "oh no unregulated drinking water had maaaaaaaassive e.coli in it" diarrhea outbreak right when the softwood tariffs have cratered the toilet paper supply the worst.

At that point in time, expect a stark realization of the state of things to cause some sadness to leak into the market too. I predict three northern states fighting for black market TP and shitting prolifically in the dark to really affect the market. But probably, still, not his numbers.

Thanks trump.

I find it deeply funny that fascism is completely compatible with capitalism (it's arguably its end-state), but they're still tanking the economy because Trump doesn't understand tariffs.

wow, pandemic numbers without a pandemic. trump rules...!

I told my partner that we needed to stop excessive spending like going out to eat while the economy is so uncertain. She was ok with that. I'm not feeling great about our (collective) future. Sigh.

Personally, I am guessing that the American Dollar will end up like the Weimer Republic's currencies.

I am removing my life savings from the bank and turning them into Euros. Everyone's economy will dip, but I am pretty certain America will have a Greater Depression. Unlike the Great Depression or the Weimer Republic, the annihilation of government agencies and fiscal instruments is deliberate & total.

Honestly, kinda surprised it is only dropping this much. Would have though the collapse of the free world as we know it to have more of an impact.

Stable genius getting results!!!

It's hard to lie about stock prices, let's watch them continue to shout their propaganda as the riots start.

Meanwhile, the CAC40...

OMG... Trump was lying about fixing the economy? Please say it isn't so!

This brings a smile to my face. My stocks are somehow all steady. The smile is not for those like me losing out. It for all those rich 1-3% who it really hurts. When the orange tumor and his apartheid nazi loses their support then perhaps we can do something that doesn't equate to civil war.