Don't forget arbitrarily wiping out some chunk of people's wealth for shits and giggles.
Don't forget arbitrarily wiping out some chunk of people's wealth for shits and giggles.China at 125% and EU at 20% with the rest of the world at 10% is still going to majorly raise prices on everything. Consumers will still get hit and are going to be angry.
Don't forget arbitrarily wiping out some chunk of people's wealth for shits and giggles.
Actually looks like a trade ban... heck, literally Trump blocked China's exports and won't be surprised if at the end blocks Vietnam and India eventually.The only thing I'd consider right now is either selling more as stuff recovers, in anticipation of the next shit show, or continuing to have low price limit buy orders for the next collapse.
It doesn't matter how high they go. After a certain percent, it's basically a de facto trade ban.
If I was a company, I'd just look to skirt country of origin things and just move stuff through a third country. With the Trump administration slashing through public sector workers, they wouldn't have the manpower to investigate or enforce against such shenanigans.Actually looks like a trade ban... heck, literally Trump blocked China's exports and won't be surprised if at the end blocks Vietnam and India eventually.
Also... this is so artificial....
It's because we got nothing from anyone. VICTORY!
Except everything covered by the USMCA which was, well, almost everything.
He'll just say everyone wants to make deals and delay (some) tariffs for some arbitrary amount of time.
edit: does not appear all that imminent...we'll see after a few more days of this. Also he is a moron on a cosmic scale.
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Except everything covered by the USMCA which was, well, almost everything.
Or are we back to going against the agreement this shit head himself negotiated?
Pretty weird that Apple etc have gone up so much when China tariffs are still on, but it's clear that everything is on fire. AMD up 19% lol, Nvidia 14%, Apple 11%. I assume that people are expecting Trump to back off of China as well.
Even Intel is at 16%, but still didn't recovered 5 days ago... so, is so artificial this thing... I am starting to fear what is the next move.Pretty weird that Apple etc have gone up so much when China tariffs are still on, but it's clear that everything is on fire. AMD up 19% lol, Nvidia 14%, Apple 11%. I assume that people are expecting Trump to back off of China as well.
the EU did retaliate so what are they at now exactly?
NDX and SPX are still lower (currently) than April 1st either way, but it'll probably go higher when Europe buys in as well.Even Intel is at 16%, but still didn't recovered 5 days ago... so, is so artificial this thing... I am starting to fear what is the next move.
NDX and SPX are still lower (currently) than April 1st either way, but it'll probably go higher when Europe buys in as well.
Not sure what Trump's game is except grifting, because the market is just pure chaos right now.
Yeah, market manipulation. Wall street image is ruined with that... heck, the consequences will be felt in the mid term.
Was good at losing his own too. How the fuck do you bankrupt a casino?The one thing Trump truly excels at is losing other people's money.
Yeah Millennials have had to enter the job market deep into the derivatives crash of 2008 and then had what should have been their prime earning years crushed by Trump's treating the pandemic as a PR problem so they understand full well the taste of the capitalist boot America has shoved in their faces their entire adult lives. So I definitely trust them more than my Generation X that was the last to have education that wasn't cripplingly expensive and last to be able to enter a reasonable white collar job market after graduation.The next president should be a Millennial. The rest of you cohorts can't be trusted.