- Reaction score
- 24,183
- Points
- 1,260
It's a $4 tn (so far) Trump Dump...
US stock market loses $4 trillion in value as Trump plows ahead on tariffs
Wall Street ends sharply lower as recession fears loom
President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump's agenda.
- S&P 500 down over 8% from Feb 19 all-time high
- Nasdaq confirmed 10% correction from its Dec peak last week
- S&P 500 P/E moderates but still high vs historical average
- Delta Air Lines cuts forecast on growing economic uncertainty
- Tesla loses more than $125 bln in value in one day
A barrage of new Trump policies has increased uncertainty for businesses, consumers and investors, notably back-and-forth tariff moves against major trading partners like Canada, Mexico and China.
He’s playing the market. He can’t really be as stupid as he is acting, and I am sure he’s profiting like a Robber Baron while everyone else in America takes it in the ass as their retirements evaporate.
He’s probably investing today in the Defense Companies as he knows that Putin isn’t going to accept the 30 day ceasefire arrangement, and with US support back on the demand will pop back up.