The S&P 500 closed down 3.4%, wiping out $2 TRILLION in market cap 📉 This is the 5th decline in the last 6 trading days 👀

https://i.redd.it/oe73sogue2ue1.jpeg

by RunThePlay55

18 comments

  2. Yeah but it went up that one day, so Drump and his buddies could cash out

  3. The bottom 55% of income earner own 0 stock

    The top 10% of income earners own 88% of the stock

    The impact of this isnt much

  7. Huge news! What a surprise, who could have thought? Unimaginable the day after one of the biggest jumps in history there was a down day to follow. Unreal. 

  10. That 9% bump was helpful.

    With just a China trade war it is still a bad thing for the human race.

    We forget just how good the US China relationship was for the world. People used to say the world is just Chi-Merica. The partner ship defeated the USSR. It created 30/35 years of low inflation high growth world wide.

    Trump wants people to kiss his ass. Xi cannot do that for both domestic politics reasons and probably personal reasons.

    The real advantage in a trade war is China can hold out for an election cycle. Trump cannot 2026 we might over ride his veto. And 2029 someone else will be in there.

  11. My concern with this tariff war is we will see all 3 collapse, stocks, treasuries, and the value of the dollar.

    Today the market gapped down on the open and fell almost 2200 points but recovered and ended in an intermediate range where it is not clear if there will be a rally off the low of April 7 of 4848.

    There is now no where to safely put wealth quickly except to buy a gold ETF or bullion, because of the worldwide distribution of credit instruments and American assets. We are a financially globalized world.

    In addition, because of hedging and the carry trade, any large nation or trading block can end up pulling down the entire world economy. It is truly a house of cards. A run on any instrument could cause its collapse, and catalyze to other instruments.

    It is clear to me Trump, whose beliefs about tariffs are very old (from the 1800’s and early 1900’s) are no longer relevant today. This trade war has the capacity to end in global economic collapse if not managed carefully now.

    I imagine Mr. Xi is aware of this fact, like the nuclear situation, a trade and economic war is Mutually Assured Destruction (MAD). My big question is: did Trump and his buddies know this and decided to proceed anyway, or did Trump blunder in impulsively?

  13. Don’t worry, my coworker told me yesterday that “we’re back and it’s going to boom!” He’s a moron.

  14. Funny how the market’s only rally was on a day Trump got rid of most tariff. What a coincidence.

  16. The 10 year just resumed its climb. Danger will Robinson.

    The fact that US ten year isn’t acting as a flight to quality is ominous.

  18. It’s noise, ignore it. Yeah trump is most likely doing a pump and dump to make his billionaire buddies richer, but for the rest of us, it’s a distraction.

    The people making money (who AREN’T insider trading) are the ones who are focused on industries that aren’t fundamentally changing right now. The boring companies in sectors like energy, oil and gas etc.

    I use an investing newsletter run by experienced hedge fund managers to find asymmetric stocks for long term investing. For example, one of the stocks they mentioned was “Anton Oilfield Services”, which has gone up 66% YTD and will likely continue to grow.

    You can use stock charts like this on your phone for some free red light therapy lol.

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