As Trump crashes the stock market, recession fears grip Wall Street

C

Cypress

Well-known member

Dow plunges and dollar weakens as recession fears grip Wall Street​


New York - Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession.

The Dow fell 1,200 points, or 2.82%, pulling back from a session low of 1,570 points in the red. The broader S&P 500 was down by 3.5%, hitting its lowest level since September. The tech-heavy Nasdaq plunged 4.5% and also hit its lowest level since September. All three major indexes were on pace for their worst day since the 2022 inflation crisis.

The S&P 500 was down 11% from its record high in February and on track to close in correction territory. The Nasdaq, which has been in correction, was down 16.8% from its record high in December. The Dow was down 8.9% from its record high in December.

“They’re ignoring every rule of classic micro and macro economics. This is the policymaking equivalent of a suicide bomber,” Michael Block, market strategist at Third Seven Capital, told CNN’s Matt Egan.

If Trump maintains the massive tariffs he announced Wednesday, his unprecedented trade policies will probably cause the US and global economies to both fall into a recession in 2025, JPMorgan analysts said in a note to investors

 
Trump is screwing his base

https://patch.com/

Politics & Government​

New Trump Tariffs And NY: What Products Could Cost More Locally?​

The reciprocal tariffs, which range from 10 percent to 46 percent, are set to take effect April 9.​


NEW YORK – President Donald Trump this week announced sweeping new tariffs, including a 10 percent tax on imports from all countries and higher tariff rates on dozens more.
Trump, in an announcement Wednesday, said the "reciprocal tariffs" are aimed to promote domestic manufacturing and narrow the gap with the tariffs the White House says other countries unfairly impose on American-made products.

However, many economists warn the action could mean New York consumers can expect to pay more for many necessities, such as food, clothing, and energy. And those impacts will be felt most severely by lower-income Americans, a new analysis from the Yale Budget Lab suggests.

The reciprocal tariffs, which range from 10 percent to 46 percent, are set to take effect April 9. The average tariff rate the United States charges would increase to roughly 22 percent from 2.5 percent in 2024, according to Olu Sonola, head of U.S. economic research at Fitch Ratings. That’s the highest tariff rate since 1909.

“Many countries will likely end up in a recession,” Sonola told The Associated Press. "You can throw most forecasts out the door if this tariff rate stays on for an extended period of time.”
CNBC has a full list of reciprocal tariffs, including the tariffs other countries charge the United States. If they take effect, U.S. businesses are likely to pass the increased costs onto consumers, sparking fears of a recession or “stagflation,” a combination of high inflation, stagnant economic growth and high unemployment.

What Costs Would Increase?
The Yale Budget Lab study suggests lower-income Americans would take the biggest hit because they spend a greater share of their income.

Specifically, households with an average disposable income of around $43,000, among the lowest in the country, would see their disposable income drop by 2.3 percent with the new tariffs and by 4 percent with all 2025 tariffs included, the Yale study said.
The research suggests that in New York, the tariffs could have a devastating impact on many: the median household income in New York as of 2023 was $84,578.
 
Last edited:

‘It’s a Disaster’: Global Markets Plunge After Trump Unveils Tariffs​

The sharp reaction suggested that the scale and scope of the tariffs had come as a surprise to investors.

Shockwaves reverberated through Wall Street on Thursday after President Trump announced higher-than-expected tariffs for most of America’s trading partners, upending economic forecasts and sending stock markets sharply lower.


www.nytimes.com

Trade War Sets Off ‘Max Pessimism’ in Global Markets as Stocks Plunge

The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as President Trump’s higher-than-expected tariffs set off another round of economic worry.
www.nytimes.com www.nytimes.com
 
Cypress said:

Dow plunges and dollar weakens as recession fears grip Wall Street​


New York - Global markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatens to throw the US and the rest of the world into a recession.

The Dow fell 1,200 points, or 2.82%, pulling back from a session low of 1,570 points in the red. The broader S&P 500 was down by 3.5%, hitting its lowest level since September. The tech-heavy Nasdaq plunged 4.5% and also hit its lowest level since September. All three major indexes were on pace for their worst day since the 2022 inflation crisis.

The S&P 500 was down 11% from its record high in February and on track to close in correction territory. The Nasdaq, which has been in correction, was down 16.8% from its record high in December. The Dow was down 8.9% from its record high in December.

“They’re ignoring every rule of classic micro and macro economics. This is the policymaking equivalent of a suicide bomber,” Michael Block, market strategist at Third Seven Capital, told CNN’s Matt Egan.

If Trump maintains the massive tariffs he announced Wednesday, his unprecedented trade policies will probably cause the US and global economies to both fall into a recession in 2025, JPMorgan analysts said in a note to investors

Click to expand...
Are you afraid? Have you considered asking your relatives in Canada if they will take you in.
 
MAGA's are pretty dismissive of this.

Without doubt, we know how they'd be if a Dem was in office. Without doubt, we know what Trump would be saying if it was anyone but him.

This is a disaster. It's not just a temporary drop now. It's likely that we'll see layoffs start as a result of this crash, and retirements delayed indefinitely. People are hurting because of this.
 
BartenderElite said:
MAGA's are pretty dismissive of this.

Without doubt, we know how they'd be if a Dem was in office. Without doubt, we know what Trump would be saying if it was anyone but him.

This is a disaster. It's not just a temporary drop now. It's likely that we'll see layoffs start as a result of this crash, and retirements delayed indefinitely. People are hurting because of this.
Click to expand...

Poor slave owners and sweatshop fans, boo hoo.
 
BartenderElite said:
Say what?
Click to expand...

Say you're goofy and clueless. The Big Seven falling isn't of any concern, they're junk stocks vastly over-priced, but make up a big chunk of the market. There are plenty of stocks doing just fine. lol it's price to sales ratio is absurdly high, it's p/e ratio running over 45 to 1. Of course, you wouldn't know what any of those are, being a parrot and not really knowing a damn thing. Apple doesn't even earn 5% a year on its over-priced junk shares. It pays a wopping 0.52 % a year in dividends, Nividia pays 0.041% a year lol yeah jump back!!! Broadcom 1.42%, P/E over 80 to 1.


Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Through the first three months of 2025, however, performance for these mega-cap stocks has been negative thus far.


Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes.


Only morons think these scams represent the real economy. The vast majority of their 'employees' don't live here. They sleep in cages and 30 to a room bunk dormitories..
 
Last edited:
EdwinA said:
Say you're goofy and clueless. The Big Seven falling isn't of any concern, they're junk stocks vastly over-priced, but make up a big chunk of the market. There are plenty of stocks doing just fine. lol it's price to sales ratio is absurdly high, it's p/e ratio running over 45 to 1. Of course, you wouldn't know what any of those are, being a parrot and not really knowing a damn thing. Apple doesn't even earn 5% a year on its over-priced junk shares. It pays a wopping 0.52 % a year in dividends, Nividia pays 0.041% a year lol yeah jump back!!!


Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Through the first three months of 2025, however, performance for these mega-cap stocks has been negative thus far.


Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes.


Only morons think these scams represent the real economy. The vast majority of their 'employees' don't live here. They sleep in cages and 30 to a room bunk dormitories..
Click to expand...

This is a trader's perspective. Not Main Street's.

So, based on the above - everyone's 401K must be doing great, right?

And businesses in general lose confidence when this happens.

I don't need to debate it. We can revisit in a few short weeks to see how the economy at large is responding.
 
BartenderElite said:
This is a trader's perspective. Not Main Street's.

So, based on the above - everyone's 401K must be doing great, right?

And businesses in general lose confidence when this happens.

I don't need to debate it. We can revisit in a few short weeks to see how the economy at large is responding.
Click to expand...

Pipe down moron. You trying to pretend you know what you're talking about is just sad. You don;t need to debate, because you're just here to parrot rubbish, same as the other TDS victims.
 
BartenderElite said:
Over 70 million Americans participate in 401K's. Most rely on them for their retirement.

So, no - they're not a joke. At least to many working Americans.
Click to expand...

Yes, they're morons, like you, so yes, they are a joke. Most of them think they're players now cuz they have a 401K, lol. They buy whatever they're told to, their bosses get kickbacks, and they get wiped out every crash, like lemmings.
 
EdwinA said:
Yes, they're morons, like you, so yes, they are a joke. Most of them think they're players now cuz they have a 401K, lol. They buy whatever they're told to, their bosses get kickbacks, and they get wiped out every crash, like lemmings.
Click to expand...

LOL

How incredibly elitist of you.

Most don't think they're "players." Most work their asses off, try to raise their families, and are insanely busy w/ their lives.

Most do not have time to "play the market" like the elitists do.
 
BartenderElite said:
LOL

How incredibly elitist of you.

Most don't think they're "players." Most work their asses off, try to raise their families, and are insanely busy w/ their lives.

Most do not have time to "play the market" like the elitists do.
Click to expand...

Most are pampered whiners, like you, and trying to get something for nothing off of somebody else's back. Nothing 'elite' about real life, except it probably does sounds 'all exotic n stuff' to you dopers. It's just a scam to get the suckers to work cheaper is all.
 
You must log in or register to reply here.
Back
Top