Tariffs, but not. Foxholes.
- Thread starter Mr. G
- Start date
Indeed.
Economist: Trump tariffs could send the S&P 500 to 4,450 and the economy into recession
Brian Sozzi · Executive Editor
Updated Wed, April 2, 2025 at 4:08 AM HST 3 min read
Investors should brace for a leaner stock market and economy as Trump tariffs and retaliations from trading partners like Canada, Europe, and China take hold.
Those are the gloomy calls from BCA Research chief strategist Peter Berezin.
Pinball1970
Valued Senior Member
Already happening
"US assets are suffering the worst of the pain from President Trump’s tariff announcement, but global stocks are feeling the pressure.
Futures stats suggest the Dow Jones is set to open more than 1,000 points (2.4%) lower Thursday with the S&P 500 and Nasdaq futures down around 3%."
S&P/TSX futures higher as Dow Jones plunges 1000 points following tariff announcement
Global markets are digesting Trump’s announcement but most pain felt at home
www.wealthprofessional.ca
Pinball1970
Valued Senior Member
Yeah! Make America Broke again"
Nike (-7%)
Apple (-8%)
Retailers who rely on low-cost goods such as Five Below (-14%)
Dollar Tree (-11%).
Bloomberg’s Dollar Spot Index dropped as much as 1% to a five-month low
TheVat
Registered Senior Member
I don't think I've ever seen anyone so excited to pay more taxes.
Hold your noses and just read it.
I wouldn't hire any of you to manage my investments. Wonder why.
Because you are foolish enough to believe Trump and thus you disdain any reality-based financial plan.
From the article, these folks are incredibly stupid, they whine and complain about how bad America is but are too stupid to understand it was the Republican party who caused it while in power and continue to do so.
Hold your noses and just read it.
I wouldn't hire any of you to manage my investments. Wonder why.
What I find so frustrating about the conversation around tariffs is that we all agree on the problem. We all agree that the de-industrialization of America led to the downward mobility of the American working class, deaths of despair, people working multiple jobs and not being able to afford the American dream. We all agree that it is deeply unfair for the American middle class to be bearing the burden of unfair tariffs from other countries. We all agree that it is great for the President to have leverage in order to demand reasonable things, like that country stop allowing fentanyl to murder 100,000 Americans every year, and that Mexico do its part to police its own border. And yet, when somebody has the courage to show up and say to Wall Street, "Screw you. I am waging war. I'm waging class warfare on behalf of the American working class, and you elites on Wall Street, you do what you need to do, because I'm not going to stop fighting for the American working class." Suddenly, everybody is sitting around going, "Oh no, the stock market!" Yeah, the stock market looks like that because the rich are punishing Trump for siding with the neglected and humiliated American working class over them.
We pause here to once again marvel at how a coarse, vulgar builder from Queens who also happens to be an international playboy billionaire while somehow also a successful father of remarkable children has turned out to be a true uniter and an unstoppable upender of our entrenched masterclass.
Trumpism, populism, anti-establishmentism, libertarianism — or maybe it's just the good, old-fashioned spirit of American liberty and opportunity.
The economy is doing well and Trump is in charge. Trump supporters: "That's the GOAL people! That was Trump's whole promise! Trump is making the economy better!"
The economy is tanking and Trump is in charge. Trump supporters: "Goals mean nothing! Only an idiot thinks that the goal is the point."
You guys have all the moral fiber of a wet piece of string.
We've been doing you folk's take on reality for quite some time.
Now you're doing us folk's. Your folks failed. It's going to take some time to sink in, no?
Looks like it's not us that failed. Here in reality, your Messiah screwed the pooch - in a yuge way.
But look at it this way. People will always remember the Trump recession.
===================
Seeking Alpha
S&P 500 craters and these 10 names are driving the index lower
Apr. 03, 2025The benchmark S&P 500 (SP500) faced a significant selloff on Thursday, driven by concerns over President Trump's tariff policies, which have ignited widespread fear on Wall Street and pushed markets lower.
By midday Thursday, the S&P 500 had dropped 3.7%, hovering around 5,461, and now stands down 6.9% for the year.
Pinball1970
Valued Senior Member
Worst day on wall street since 2020
www.bbc.co.uk
For all you Trumpites- that is when Covid was locking down industry basically putting the economy on hold.
So, Trump is as effective as a global pandemic in infecting and stagnating the Markets and potentially taking us to global recession.
Cheers Trump. Just what we needed.
Major US stocks see biggest losses since 2020 after Trump's tariffs announcement
Wall Street suffers its worst day since 2020 but the White House tells investors to "trust in President Trump".
www.bbc.co.uk
For all you Trumpites- that is when Covid was locking down industry basically putting the economy on hold.
So, Trump is as effective as a global pandemic in infecting and stagnating the Markets and potentially taking us to global recession.
Cheers Trump. Just what we needed.
Pinball1970
Valued Senior Member
The UK has drawn up a list of over 400 products that could have a tariff put on them and China
"The Chinese government has used an announcement from the country’s finance ministry to reveal the "resolute countermeasures" it had promised.
In a blow to American companies seeking access to the huge Chinese market, from next Thursday there will be a minimum additional 34% tariff on all US goods entering the country."
From
www.bbc.co.uk
"The Chinese government has used an announcement from the country’s finance ministry to reveal the "resolute countermeasures" it had promised.
In a blow to American companies seeking access to the huge Chinese market, from next Thursday there will be a minimum additional 34% tariff on all US goods entering the country."
From
Trump tariffs live: China hits back with extra 34% tax on US goods, deepening market turmoil
Shares slump again after China, one of the hardest-hit countries by Donald Trump's raft of global tariffs, hits back.
www.bbc.co.uk
No, you've been lying about it because you have divorced yourselves from reality.
White House press secretary Karoline Leavitt believes “evil forces” were working against President Trump on the campaign trail — but that he was “saved by the grace of God” when he was shot during a rally.
Furthermore, it includes a task force to address anti-Christian bias and acts of discrimination, such as the growth of antisemitism displayed on college campuses. Attorney General Pam Bondi leads this task force and works with the Faith Office on this issue.
"You know, it will not be tolerated to spew hate and hurt to people," she said. "And our office enforces that very strongly...to ensure there will be no bias, no discrimination, nothing hateful or hurtful against people."
Failed how? Biden handed Trump one of the best economies in the world and Trump is destroying it.
Ken Fabian
Registered Senior Member
Until now Republicans may not have liked reality but they (mostly) did act as if it were real.
Like the Roman Colosseum when Caligula ordered his guards to throw an entire section of the audience into the arena to be eaten by wild beasts?