Stocks dropped Tuesday as a relief rally proved short-lived and investor anxiety returned ahead of President Donald Trump’s next tariff deadline that will see a cumulative tariff of 104% slapped on China just after midnight.
Stocks dropped Tuesday as a relief rally proved short-lived and investor anxiety returned ahead of President Donald Trump’s next tariff deadline that will see a cumulative tariff of 104% slapped on China just after midnight.
We lucked out on monday, the talking heads were spreading rumors about 47 flip-flopping on the tariffs, so it didnt free-fall like I expected.
My bet was that we hit the circuit breaker before thursday, otherwise I owe a colleague of mine a sandwich.
That’s not what what happened.
A random person with the last name Bloomerberg (on their Twitter profile) paid the $8/month for a blue checkmark
That randomly claimed tarrifs were pushed back 3 months…
And our entire economic system our lives depend on collectively shrugged and said “good enough”. It cause a spike and then even as people sold they were more cautious.
Without that, shit would be a lot worse right now
Basing trading strategy on false rumors doesn’t make you better off, it only makes you worse prepared.
Just because stocks are higher than they might have been, doesn’t change the reality of what’s going to happen to the economy.
I dont care how it happened, I heard it being reported on my local radio station, and all I got was that it was a rumor. Thanks for enlightening us with the details.
I hope you specified that the sandwich is made with only domestic products!
That sandwich is gonna cost $90