Summary
U.S. stocks suffered a historic collapse as Trump’s sweeping tariffs triggered panic over inflation and recession. The Dow fell 2,231 points, the S&P 500 dropped 6%, and the Nasdaq entered a bear market.
Fed Chair Jerome Powell warned the 10% import tariffs and retaliatory moves from China, including a 34% tariff on U.S. goods, will hurt growth and raise prices.
Economists cut U.S. growth forecasts below 1%, projecting households could face $1,900 in added costs.
The sell-off erased $2.7 trillion in value and marked the worst two-day market drop since March 2020.
I have… I have very bad news for you.
You might think you do, but the stock market is wholly price controlled. Even the Great Recession will never happen again. The market is controlled by huge banks and hedge funds using HFT algorithms and dark pools. Price means nothing and big drops are in any case performative.
The following weeks will demonstrate this, as the bounce(s) will take back the great majority of the perceived losses. Behind the scenes, of course, these same institutions love being given the opportunity to display this performative disapproval, as they make untold fortunes using the stock market as their own personal pump and dump.
Unfortunately, I am of the same opinion. I think the only chance we have is a giant solar storm that fries all of the circuitry on earth.