I don't think the stock market is particularly comfortable with the whiplash TARRIFS ON/TARRIFS OFF. It likes predictability -- and what we've seen has never been seen before.
Yeah Trump treats tariffs like a "clapper"...TARIFF ON (double clap)...TARIFF OFF (double clap). And with today being Friday, the DOW isn't open tomorrow. So watch for new tariffs in the afternoon.
I just looked it up - about 60% of people own stocks. I’m guessing that is a combination of private ownership, or via 401K’s or IRA’s. So they care about the stock market. But here is my thought. Those that don’t own stocks are probably the least fortunate among us - they struggle along pay check to pay check. Indices like grocery costs are more important to them. Trump couldn’t care less about them, and there is a good portion of his MAGA base.
They are about to get a rude awakening.Their Medicaid and Medicare will be restricted, food stamps decreased or gone, and prices through the roof. There will be more competition for jobs as the unemployment rolls swell. Ooohhh, buyer’s remorse.
Yep. Only severe pain is going to get their attention. Then maybe they’ll believe their lying eyes, when the can’t afford food and have to go to ER for medical - again.
Let’s talk about being weird (aka knuckle head Tim Waltz) instead in Trump bashing and the stock market!
Did you see the Dems new fighting stance! 😂 Did you see the auction signs at the speech the other night 😂 Did you see them sit on their hands for the kid with brain cancer, families of those murdered by illegal aliens and their overall lack of any empathy 😂
When is this party gonna stop being so weird, unhinged and unrelatable? Good grief!
Not a good look for the Democrats, and Trump played them well. They have not found an effective way to respond to Trump (Mainstream Media is also working on this).
Not a look for the Republicans either. They jumped up and down like a Jack-in-the-Box. They have been completely captured by Trump.
Yes, the Dems were disrespectful, and currently are a shit-show in direction, unity, and decorum. However, they have not lost me a crap load of investment money in the past six weeks with 'Well, I have a concept' policies.
Canary in the coal mine - discussed home building with two developers today. They both told me that new home contracts have ground to a halt nationwide. Too much uncertainty in material prices. Builders want to charge more for the new home due to the tariffs; buyers are saying no and leaving the market. The economy goes as new home construction goes.
There is no way the market will turn around if Trump keeps threatening/implementing policies like tariffs that hurt average Americans and also destabilize the entire open market economy. Things may get really ugly if Trump slaps tariffs on Europe, who he has already been put in a position of having to ramp up military spending, bigly, thanks to Trumps betrayal of Ukraine. We are, sadly, finding out what happens when millions of zero information voters elect a showboating reality show host to be our president.
As someone who lives based upon my retirement investments (and Social Security), I track the markets regularly. In 2020, the Dow Jones, S&P 500, and NASDAQ *ALL* fell by 3%. Trump’s mismanagement of the pandemic sent our economy falling and left the mess to Biden to slowly pull us back from the brink.
*You* may have forgotten recent history, but *I* certainly haven’t.
Good piece Chris. Do keep in mind that Trump only delayed the tariffs on those products listed in the USMCA. For Mexico that means he is still applying tarifs on 50% of the imports and for Canada it is more around 60%. So this is more of a soke screen. In Canada, we continue to fight back because of this.
The US financial market is definitly unreliable since the beginning of the Trump presidency. In my financial portfolio, the value of US financial funds has dropped 30% since late February compared to only about 5% for Canadians and foreign funds. Not a good sign for US companies.
I question how much he actually inderstands about the stock market. Recall when he kept tweeting every time the DJIA would pass 25k. It was as if he was watching a car race passing the grandstands multiple times.
Note: anybody who understands stock equity trading follows the SP500 index closely, not the DJIA.
Edit: https://www.cnbc.com/us-treasurys/ .. Look at the 1-3 month, 10yr & 20-30yr. Funny the 10yr is trading at same rate as the one month, yet the 20 year is still higher.
Sorry Chris - many were sold the big dream by Regan - move away from pensions. Invest for retirement- fast forward we now have an out of control narcissist for President who has no understanding of how5to live week to week.
How about getting down to real numbers of how it will affect those folks.
I don't think the stock market is particularly comfortable with the whiplash TARRIFS ON/TARRIFS OFF. It likes predictability -- and what we've seen has never been seen before.
Yeah Trump treats tariffs like a "clapper"...TARIFF ON (double clap)...TARIFF OFF (double clap). And with today being Friday, the DOW isn't open tomorrow. So watch for new tariffs in the afternoon.
And almost on cue - Trump says he may announce reciporocal tariffs on Candian milk at 250% today......or Monday or Tuesday.
Sort of makes him look tough, but it will do little to impact either economy.
I just looked it up - about 60% of people own stocks. I’m guessing that is a combination of private ownership, or via 401K’s or IRA’s. So they care about the stock market. But here is my thought. Those that don’t own stocks are probably the least fortunate among us - they struggle along pay check to pay check. Indices like grocery costs are more important to them. Trump couldn’t care less about them, and there is a good portion of his MAGA base.
"the least fortunate among us - Trump couldn’t care less about them."
Trump cares only about himself.
They are about to get a rude awakening.Their Medicaid and Medicare will be restricted, food stamps decreased or gone, and prices through the roof. There will be more competition for jobs as the unemployment rolls swell. Ooohhh, buyer’s remorse.
Yep. Only severe pain is going to get their attention. Then maybe they’ll believe their lying eyes, when the can’t afford food and have to go to ER for medical - again.
Stock market down...grocery prices up. Not a good combination for Trump. MAGA will eventually notice if grocery prices remain high.
To be honest, Trump can't do too much about this. But that is why people voted for him
6 weeks Pat?!?
Where were you when JB had inflation at 9%???
Where were you when it dropped to 3%???
Dutch that’s in the past buddy
Inflation effects markets very little
Potential tariffs are what is making the market jittery right now
A lot of high end and institutional investors are starting to move to bonds and other secure investments
Relax!
Did you see what the Fed said just today? Go read it and then maybe take an aspirin, everything gonna be ok…. 😎
Dutch you mentioned inflation. That is what I was primarily dealing with
Yes the fed said the economy is still going fine. I do follow the fed and trust them
But other indicies say not so good
MAGA notices now. Trump popularity is now worse than it has been for any President during the honeymoon period in 100 years...except for Trump 1!
I am chill God is in chargr
Amen to that!
Let’s talk about being weird (aka knuckle head Tim Waltz) instead in Trump bashing and the stock market!
Did you see the Dems new fighting stance! 😂 Did you see the auction signs at the speech the other night 😂 Did you see them sit on their hands for the kid with brain cancer, families of those murdered by illegal aliens and their overall lack of any empathy 😂
When is this party gonna stop being so weird, unhinged and unrelatable? Good grief!
Not a good look for the Democrats, and Trump played them well. They have not found an effective way to respond to Trump (Mainstream Media is also working on this).
Not a look for the Republicans either. They jumped up and down like a Jack-in-the-Box. They have been completely captured by Trump.
Yes, chess to checkers yet again….
Yes, the Dems were disrespectful, and currently are a shit-show in direction, unity, and decorum. However, they have not lost me a crap load of investment money in the past six weeks with 'Well, I have a concept' policies.
Please try and stay on topic....
If you spot it you got it Did you say anything when MTG showed nude pictures in the house
1 🥜 VS how many 🥜??
Canary in the coal mine - discussed home building with two developers today. They both told me that new home contracts have ground to a halt nationwide. Too much uncertainty in material prices. Builders want to charge more for the new home due to the tariffs; buyers are saying no and leaving the market. The economy goes as new home construction goes.
Trump is an idiot. Plain and simple.
Dave,
Go stand in line, vote again in 3 1/2 years 😂
Thanks for your compelling input
When are you coaching the 7th grade basketball championship game? Cheering for you and the team!
I can’t stomach how dumb and inconsistent he is. His unpredictability is predictable.
There is no way the market will turn around if Trump keeps threatening/implementing policies like tariffs that hurt average Americans and also destabilize the entire open market economy. Things may get really ugly if Trump slaps tariffs on Europe, who he has already been put in a position of having to ramp up military spending, bigly, thanks to Trumps betrayal of Ukraine. We are, sadly, finding out what happens when millions of zero information voters elect a showboating reality show host to be our president.
Talk to me in 6 months let’s get an accurate picture…. Market was fantastic under Trump I!
Oh how quickly you’ve forgotten, Dutch.
As someone who lives based upon my retirement investments (and Social Security), I track the markets regularly. In 2020, the Dow Jones, S&P 500, and NASDAQ *ALL* fell by 3%. Trump’s mismanagement of the pandemic sent our economy falling and left the mess to Biden to slowly pull us back from the brink.
*You* may have forgotten recent history, but *I* certainly haven’t.
Good piece Chris. Do keep in mind that Trump only delayed the tariffs on those products listed in the USMCA. For Mexico that means he is still applying tarifs on 50% of the imports and for Canada it is more around 60%. So this is more of a soke screen. In Canada, we continue to fight back because of this.
The US financial market is definitly unreliable since the beginning of the Trump presidency. In my financial portfolio, the value of US financial funds has dropped 30% since late February compared to only about 5% for Canadians and foreign funds. Not a good sign for US companies.
You give him way too much credit in saying that he is a black and white thinker
I question how much he actually inderstands about the stock market. Recall when he kept tweeting every time the DJIA would pass 25k. It was as if he was watching a car race passing the grandstands multiple times.
Note: anybody who understands stock equity trading follows the SP500 index closely, not the DJIA.
Edit: https://www.cnbc.com/us-treasurys/ .. Look at the 1-3 month, 10yr & 20-30yr. Funny the 10yr is trading at same rate as the one month, yet the 20 year is still higher.
TELL! When Krasnov tells you that he knows NOTHING about the subject, he knows EVERYTHING about the subject.
Sorry Chris - many were sold the big dream by Regan - move away from pensions. Invest for retirement- fast forward we now have an out of control narcissist for President who has no understanding of how5to live week to week.
How about getting down to real numbers of how it will affect those folks.